The economy in Oklahoma and 8 other Midwest and Plains states is growing at a strong pace according to the June monthly survey by Creighton University of business leaders and managers. For the twelfth straight month, the Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Minnesota …
July 2021 archive
Report shows large gain in rig growth in Anadarko Basin
A week after the Anadarko Basin in Oklahoma stood out for its large increase in rig activity, its numbers dropped according to Enverus Rig Analytics. But it still saw the biggest quarterly gain. The Austin, Texas company issued its weekly report on Thursday and reported the Anadarko added 16 rigs or 73% and finished the …
Iowa’s biofuel companies complain of US Supreme Court decision
Iowa biofuels firms voice their displeasure with last week’s U.S. Supreme Court ruling that was in favor of at least one southern Oklahoma refinery that objected to being forced to mandatory Renewable Fuel Standard blending. It was considered a major win for CVR Refinery at Wynnewood and others but in Iowa’s corn country where …
Energy news in brief
** Sono Motors, a German company making self-charging electric-vehicles, is giving Tesla a run for its money in terms of cash preorders for its flagship vehicle, and could soon go public. ** A North Dakota energy company agrees to buy the state’s largest coal plant in a deal that’s expected to save the 1,150 MW facility from closing. ** At …
Pipeline protester gets 8 years in prison
The law caught up with one environmentalist who used a cutting torch to damage the Dakota Access Pipeline. As a result, the Iowa woman will face nearly a decade in prison and more than $3 million in penalties. Click here for story from the Ottumwa Courier.
AOC caught in a ‘pinocchio’ claim about oil and gas
Another case of Congresswoman Alexandria Ocasio-Cortez not getting her facts straight in launching an attack on the oil and gas industry. USA Today did some fact-checking about claims the New York Democratic Representative made during a congressional hearing and found she was wrong in what she said about the Keystone XL pipeline. Click here …
$1 billion in Chevon assets in Permian for sale?
Chevon is reportedly trying to unload more of its assets in the Permian Basin. How much? The two collections of conventional oil and gas fields in the basin are valued at more than $1 billion. Reuters reports that three sources confirm the sale attempt as U.S. oil futures have risen more than 50% so …
Baker Hughes Builds Upon Petrobas Business With New Contracts For Flexible Pipes
Houston-based Baker Hughes announced Wednesday that it has been awarded two flexible pipe contracts by Petrobras during the second quarter of 2021. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields and the second contract covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu …
ConocoPhillips Holds Market Update to Reaffirm Commitment to 10-Year Strategic Plan
Houston-based ConocoPhillips held a market update on Wednesday to reaffirm its commitment to the disciplined, returns-focused strategy it launched in 2016. The company outlined details of a compelling 2022-2031 operating and financial plan that reflects numerous transformational activities undertaken over the past 18 months, most notably the acquisition of Concho. “We believe we’re entering a …
Ascent Resources Releases 2020 ESG Report
Oklahoma City-based Ascent Resources released its 2020 Environmental, Social & Governance Report. The ESG report highlights progress made by the company’s operations and environmental sustainability. It details the private gas producer’s ESG initiatives and future goals. To review the report, click here.
