After three days of losses, crude oil prices reversed their courses on Friday with benchmarks in the US and globally each making gains of more than 2%. One report indicated the rebound was the result of a storm forming in the Gulf of Mexico, reversing the three days of falling prices caused by the …
Figures from Baker Hughes released on Friday showed Oklahoma’s oilfield activity is slowly on the rise, reaching a total of 26 oil and gas rigs. That’s an increase of two in the past week and the 26 compared to only 12 rigs reported one year ago amidst the COVID-19 pandemic. Nationally, the count rose …
Oklahoma Congressman Frank Lucas has some advice to NASA’s new Administrator Bill Nelson. Don’t stop exploration of space and don’t put the brakes on exploring our solar system. As the Ranking Republican on the House Committee on Science, Space, and Technology, Rep. Lucas and Texas GOP Rep. Brian Babin sent a letter to Nelson saying …
California-based Kayne Anderson Energy announced the consolidation of three Anadarko Basin portfolio companies putting them under new management and creating additional funding for the oil and gas efforts. Under the consolidation, 89 Energy III, LLC was put in charge of the consolidated energy firms. Kayne Anderson consolidated Casillas Petroleum Resource Partners of Tulsa, Native …
Oklahoma congressman Markwayne Mullin asserted that the cybersecurity attack on the Colonial Pipeline Company should serve as a warning of what could happen if the radical Green New Deal is adopted by President Biden and House Speaker Nancy Pelosi. Writing in his Mullin’ It Over Column this week, the Eastern Oklahoma Republican who also …
Other states are signing into law measures similar to one authored last year by House Speaker Pro Tempore Terry O’Donnell, R-Catoosa, which gives local property and business owners the right to connect to any utility legally operating in their area. Earlier this week Texas Gov. Greg Abbott signed a similar measure into law and the …
In light of the crack found in the I-40 bridge over the Mississippi River, one that resulted in the bridge’s shutdown and the subsequent firing of a bridge inspector, the state of Arkansas has launched a review of major bridges previously under the purview of the former employee. The Arkansas Department of Transportation said …
More oil from the Permian Basin in West Texas and Southeast New Mexico is headed to Europe. It is part of an agreement reached by Max Midstream of Houston and the Calhoun Port Authority in south Texas where the Permian oil will be shipped to international markets. The Carlsbad Current Argus reported it is …
Oklahoma’s Devon Energy and Continental Resources Inc. are two of the three major oil industry players who intend to drill more wells in Wyoming’s Powder River Basin. Together with Colorado-based Anschutz Exploration, they intend to drill at least 63 wells in Converse County in 2021. Devon Energy announced in April it will drive 18 …
** Ford plans to temporarily shut eight factories due to a global shortage of semiconductor chips, according to an internal memo viewed by CNBC. The automaker told CNBC that it plans to cut production due to the chip shortage, including its Ford Mustang, Bronco Sport SUV, and F-150 pickup models. ** Montana Gov. Greg Gianforte vetoes a bill …
