Crude oil futures managed another large gain in Tuesday’s trading as prices in the US pushed closer to $83 a barrel while in Europe, crude finished at $85 a barrel. But the price climb didn’t help Oklahoma energy stocks for the most part. West Texas Intermediate crude for November delivery, trading on the New …
Environmental containment firm expands operations
Fort Worth’s Mustang Extreme Environmental Services, an environmental containment firm with offices in Oklahoma City announced the acquisition this week of RW Products LLC, a firm with operations in the Appalachians. The acquisition price was not disclosed but it gives Mustang Extreme a grasp in oil and gas operations in Ohio, Pennsylvania and West …
Will increased drilling help Helmerich and Payne in coming 4Q report?
Tulsa-based Helmerich & Payne Inc. plans to release its fourth quarter 2021 earnings report in mid-November as investors wonder if the company might end at least two consecutive quarters of improved losses. The company announced it will hold a conference call on Thursday, Nov. 18 at 10 a.m. central time. John Lindsay, President and …
Halliburton sees 3Q growth
Halliburton saw improved net income in the third quarter 2021 over the second quarter, announcing total revenue of $3.9 billion compared to $3.7 billion the previous quarter. The Houston based company that was founded in Oklahoma said its net income for the quarter was $236 million or 26 cents a diluted share, better than …
3Q to show if Gulfport Energy’s growing stronger after bankruptcy
Third quarter earnings for Oklahoma City-based Gulfport Energy Corporation will be revealed in two weeks as investors await to see how the company is doing following its second quarter emergence from bankruptcy. The company announced it will release the report after the close of markets on Tuesday, Nov. 2. Leadership will hold a teleconference …
Senators complain of slow USDA help for biofuels
Republican Senators from Kansas, Nebraska, Iowa and South Dakota came out this week and urged Ag Secretary Tom Vilsack to end the delay on financial help for the biofuels industry in their states. In a letter to the Secretary, the Senators said it was past time that “hardworking biofuel producers receive the critical aid …
Other energy stories in brief
** Occidental Petroleum OXY announced that it has entered into a definitive agreement to sell its shares in two non-core offshore assets in Ghana. The agreement includes Occidental’s interests in both Jubilee and TEN fields. ** Mexico’s manufacturing sector stands to benefit from a U.S. transition away from fossil fuels including through the creation of jobs for making …
Inhofe again wonders about pitfalls of renewable energy sources
Oklahoma U.S. Sen. Jim Inhofe repeated his concern this week that some “green” renewable energy sources carry their own baggage and he pointed to piles of old wind turbine blades as an example. The Senator has spoken previously of his concerns about junkyards of turbine blades and EV batteries and repeated them in a …
Anadarko Basin oil production slipped in October
A new government report shows oil production fell in the Anadarko Region of Oklahoma while rig numbers increased in October. The U.S. Energy Information Administration reported the October 2021 new-well oil production per rig was 899 barrels a day and expected to drop to 845 barrels a day in November. New-well gas production per …
New Mexico completes PFAS sampling for private wells around Cannon Air Force Base
The testing of private wells around eastern New Mexico’s Cannon Air Force base to see if they are contaminated with “forever” chemicals from the military installation was recently finished by the state’s Environment Department. The New Mexico Environment Department concluded testing of private wells for per- and polyfluoroalkyl substances (PFAS) in Curry and Roosevelt …
