Sometimes shareholders of oil and gas companies put their feet down such as what Halliburton Co’s shareholders did this week by voting down the company leadership’s executive compensation plan. Halliburton Chief Executive Officer Jeff Miller said the company was “disappointed by the shareholder advisory vote” and that it had led its peers in shareholder …
May 2021 archive
How some oil and gas firms came to love Bitcoin mining
Flaring. Oil and Gas. Bitcoin mining. They all combine for a new kind of mining that helps some oil and gas firms reduce the amount of their controversial flaring and at the same time, provide jobs and warmth in the northern climates of the U.S. It’s become something of a fascinating development recently explored …
Williams and Transco get 2-year FERC extension
Federal energy regulators approved a two-year extension for Tulsa-based Williams Companies and its Transcontinental Gas Pipe Line Company, LLC to finish and make operational its $1 billion expansion of the line’s infrastructure. The Federal Energy Regulatory Commission issued the approval despite opposition of the extension of the 10,000 mile interstate transmission system that transports …
Texas’s Oil and Gas industry defends its billions in subsidies against a green energy push
The legislature in Texas is in the midst of a great debate over subsidies for energy—those for oil and gas and those for the renewables such as wind and solar. The oil and gas industry has received subsidies for decades and now some of its leaders are making the claim that wind and solar …
200 electric car charging ports to be installed across Austin
Austin, Texas is expanding the number of electric car charging ports to accommodate the growing number of EV drivers in the city. The city announced more than 200 charging ports will be installed to help the city meet its goal of becoming carbon neutral. KVUE TV reported that by the end of 2022, nearly …
Energy news in brief
** The Colonial Pipeline confirms it paid $4.4 million to hackers after a ransomware attack on its computer systems. ** U.S. lawmakers plan to introduce a bill that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. ** Houston’s Ranger Energy Services announced …
Completion reports for May 20, 2021
CARTER COUNTY Harmon C E Oil Inc Humphreys(4996): Oil 10 Gas 3 Water 70 Pump 7 2S 3W Sevhu (Sevssu 160) 160, December 18, 2020 SH, OIL, TD: 5289 ft Lat: 34.39248, Long: -97.56236 API: 35019225080001 ELLIS COUNTY Eog Resources Inc 32 18N 24W Johnson Trust 3205 3h, November 22, 2018 SH, DRY, TD: 1055 ft Lat: 35.99831, Long: -99.77924 API: 35045237730001 Eog …
Permits to drill for May 20, 2021
Alfalfa County PIPER TRUST A SWDW #2-33, May 20 2021 33 29N 11W NESWNWSE API: 00323400 Lat: 36.94768542543444, Long: -98.38941907405683 TRANS PACIFIC OIL CORPORATION SH, DR, 650 ft, WELLINGTON(400) Beaver County BECK #1, May 20 2021 25 5N 23EC CSW API: 00721446 PLAINS RESOURCES GROUP LLC SH, RC, 7200 ft, CHEROKEE(5836), MORROW BASAL(6400), CHESTER LIME(6505) Custer County …
Crude oil prices tumbled for a 3rd day
Crude oil prices dropped again in Thursday’s trading for a third straight day, tumbling nearly $5 a barrel since the beginning of the week. Why the continuing fall? Analysts say it’s because of the growing concern about inflation and what the government is doing or not doing about it. West Texas Intermediate crude for …
OGE shareholders updated at annual meeting
OGE Energy Corp. held its 2021 Annual Meeting of Shareholders on Thursday in a virtual gathering where board members were elected and shareholders were told the company is as strong as ever. “Our company is strong,” said Sean Trauschke, Chairman, President and CEO. “While the coronavirus and extreme weather have presented challenges, it is …