With rig counts at a record low, oil prices rose 92 cents a barrel in trading Tuesday on the New York Mercantile Exchange following the long Memorial Day weekend. July futures contracts for West Texas Intermediate crude settled the day at $34.17 a barrel for an increase of nearly 3%. Brent crude futures gained 64 …
Another request by some energy producers for legal authority to shut-in operating wells because of the oil crisis and the coronavirus pandemic impact, appears to have support by two of Oklahoma’s Corporation Commissioners, but regulators on Monday delayed the request for at least another week. Because some who questioned the request by LPD Energy …
Before the COVID-19 pandemic struck, North Dakota was the second highest oil producing state in the nation. No more. But the latest update from the North Dakota Bakken Restart Task Force, a group created by the state’s Oil and Gas Division shows 7,500 wells remain shut-in. That is, they were and are still temporarily shut …
A congressional race in South New Mexico is turning expensive as national Democrats have entered the fray as they fight the efforts of Claire Chase, a businesswoman who is connected to the state’s oil and gas industry. POLITICO reviewed the GOP primary in NM-02 and reported Democrats are supporting ex-state Rep. Yvette Herrell who …
Airline travel is gaining numbers as restrictions are being lifted over the COVID-19 pandemic. More airliners can be seen approaching Oklahoma City’s Will Rogers World Airport where in the past few months, few airliners were seen in the skies above the city. As a personal note, this reporter would often observe airlines approaching the city …
Oklahomans are used to see the state’s vast horizon broken by wind-generating turbines, but none are in the lakes and waters of the state. However the nation’s first fresh-water wind farm has won approval in the state of Ohio where one is planned to be located in Lake Erie near Cleveland. But as electrek …
The head of Tulsa-based Francis Energy contends Oklahoma offers more opportunities than any other state to become home for a new Tesla truck-manufacturing site. It’s what David Jankowsky is telling the Tulsa World, saying the state is ready to become the electric vehicle capital of the world. “It is at our fingertips,” he told …
Oklahoma U.S. Sen. Jim Inhofe is among six Senators who have called on the Federal Energy Regulatory Commission to reduce ‘regulatory burden.’ Their call came amidst a battle of political letters to the agency. In a letter sent to the FERC, Inhofe joined Environment and Public Works chairman Sen. John Barrasso of Wyoming and Energy …
The Permian Basin in West Texas and southeast New Mexico is no longer the frack king of the U.S. That honor now belongs to the Marcellus Shale region of Pennsylvania and West Virginia where drilling for gas is more prevalent than the search for oil. The reason? The plunge in rig activity in the oil-rich …
** Pioneer Natural Resources Company in Dallas announced that its Board of Directors declared a quarterly cash dividend of $0.55 per share on Pioneer’s outstanding common stock. The dividend is payable July 14, 2020, to stockholders of record at the close of business on June 30, 2020. ** Unemployment soared to record levels in Texas last month as …
