Baker Hughes Co. reported the nation’s oil and gas rig count increased by 13 to reach 373 in the past week while Oklahoma’s count slipped by one to 17 rigs. A year ago, Oklahoma had 53 active rigs. Baker Hughes said the U.S. total included an increase of 12 oil drilling rigs to 287 …
Oklahoma congressman Markwayne Mullin got a better idea this week of the Republicans who he will work with on the House Energy and Commerce Committee. Chairwoman Cathy McMorris, a representative from Washington state announced eight new members to the committee—picks that have yet to be formally ratified by the full Republican conference. The 8 …
Big banks are up in arms over a move by the Office of the Comptroller of the Currency to adopt new standards to prevent those banks from banning investments in oil and gas. Banks had threatened to not make investments or loans to fossil fuel companies because they contended oil and gas is harming …
** Paris-based Total , Europe’s second largest publicly-traded oil-and-gas company by market value, said Friday that it was only “partially aligned” with the API’s positions on climate-change policy and wouldn’t renew its membership for 2021, citing disagreements with the API’s stances against electric-vehicle subsidies, carbon pricing and methane emission regulations. ** The U.S. Energy Information Administration reported …
Drilling records made available by the Oklahoma Corporation Commission show renewed interest in the state’s oil and gas fields as oil prices surpassed $53 a barrel. Several new permits to drill were approved in the past few days, including one to Latigo Oil and Gas Inc. for a well it plans to drill in …
Oil prices over the $53 a barrel mark are spurring more shale producers in the U.S.. to hedge their bets by locking in prices for future sales. Increased oil prices might have sparked some interest in renewed drilling but more explorers are looking to the futures market. , Analysts don’t believe the U.S. oil …
