Outlook not bright for oil and gas employment says State report

  For every new job that opens in Oklahoma’s oil and gas and mining sector, there are three others who are out of work. The unemployment figure is the highest in the state according to an August report announced by the Oklahoma Office of Workforce Development. The same report suggests the state’s oil and gas …

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Anadarko Basin makes big increase in rig activity

  The number of rigs running in the U.S. rose by 13 in the last week to 607 as of Sept. 8, according to Enverus Rig Analytics. The count is up 3% in the last month and 60% YTD. The largest week-over-week changes occurred in the Anadarko Basin, adding five to reach 53, and the …

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Texas energy center sold in $3 billion deal

  Encap Flatrock Midstream, a company with operations in Oklahoma City joined Moda Midstream LLC in announcing the sale of the Moda Ingleside Energy Center in Texas. Enbridge Inc. is the buyer in the $3 billion agreement. The Ingleside operation has 15 million barrels of storage and is the nation’s largest crude export terminal by …

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Wind farm development takes a hit in SE Nebraska

  County officials at Beatrice, Nebraska propose tougher restrictions on wind farm development. News Channel Nebraska reported the actions by Gage County officials might make it nearly impossible for the development of any wind farms in the northern part of the county. Click here for News Channel Nebraska.  

Governor reveals how she’ll use oil and gas revenue

  The new budget-writing process is underway in the state of New Mexico and Gov. Michelle Lujan Grisham says she intends to spend part of this year’s record-high oil and gas revenues on cleanup of abandoned oil and gas wells. Click here for Associated Press report.

Energy news in brief

** U.S. energy expenditures, or the amount of money spent by consumers to purchase energy, fell to $1.2 trillion in 2019, down 5% in real terms compared with 2018, according to the latest data in the EIA’s State Energy Data System. ** Cabot Oil & Gas Corporation and Cimarex Energy Co.  announced that, in connection …

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Cimarex Energy leader rips Biden over OPEC

One of the latest oil and gas leaders to blast President Biden over his call for OPEC to increase its oil production is the head of Denver’s Cimarex Energy Co. Chief Executive Officer Tom Orden, the man in charge of the company with widespread energy efforts in Oklahoma took offense at Biden’s call reported Bloomberg. …

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Cushing crude stocks on the increase

  While total U.S. crude supplies dropped by nearly 3 million  barrels in the week ended Sept. 3, the amount of crude oil in storage at the Cushing hub in northern Oklahoma increased. The American Petroleum Institute reported US supplies fell 2.9 million barrels. Its report was released later than usual due to the Labor …

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Welder killed in explosion in Minco

  (source: KOCO TV) A welder was killed late Wednesday morning in an explosion that occurred in the Grady County town of Minco. The name of the victim was not released. Firefighters indicated the explosion happened around 11:30 a.m. at the Firestone Trucking located near SW 3 and Main street in the town. A person …

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Oklahoma energy stocks slide downward as oil rebounds

  In response to weak progress in restoration of oil output following Hurricane Ida, crude oil prices managed about a 1% increase in Wednesday’s trading. But it didn’t do much to cause gains for Oklahoma energy stocks. West Texas Intermediate crude managed a 95 cent increase or 1.4% gain to $69.30 a barrel. Global benchmark …

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