The newest rig count report by Enverus Rig Analytics shows not only a slight increase in national oil and gas rig activity but that Oklahoma energy firms are among some of the most active in the U.S. Enverus reported the national rig count grew by one to reach 622 as of Sept. 29, a …
September 2021 archive
Crude oil prices along with Oklahoma energy stocks were up and down
Crude oil prices were mixed at the end of Thursday’s trading day with U.S. prices seeing a slight increase while global oil prices fell. As a result, some Oklahoma energy stocks soared while others took a dive. West Texas Intermediate crude for November delivery closed up 20 cents at $75.03 a barrel while global …
Why were historic State Capital tanks removed?
Our story this week about the removal of oil storage tanks that had been in place for 79 years at the Oklahoma State Capital prompted a question from some readers. They wanted to know why the 3 tanks were removed, courtesy of the Oklahoma Energy Resources Board with the assistance of Phillips 66 Company. …
AEP pushes to weaken Biden climate plan
Ohio-based American Electric Power, the parent company of Public Service Company of Oklahoma and a number of other state utilities is not a supporter of President Biden’s signature climate policy, the Clean Electricity Performance Program. AEP is pushing to remove the penalties in the policy that has a goal of 80% of America’s power to …
Oil and gas industry blamed for New Mexico’s dramatic rise in earthquakes
Just as Oklahoma saw a dramatic increase in the number of earthquakes linked to the oil and gas industry in the past several years, New Mexico is seeing the same growth. New Mexico’s increase, from about 40 in 2018 to nearly 500 last year, is linked to the Permian Basin according to the New …
Interior’s top lawyer confirmed without support from Oklahoma Senators
Oklahoma U.S. Sens. Jim Inhofe and James Lankford did not lend their support for the confirmation of Robert Anderson to become the top lawyer for the U.S. Interior Department. Anderson was confirmed as Solicitor of the Interior Department on a 53-44 vote as Inhofe and Lankford both voted against the confirmation. Neither offered a …
Devon Energy hands out more STEM grants
Two northwestern Oklahoma FFA chapters will receive a grant from Devon Energy to enhance their science, technology, engineering and math (STEM) education. The Guthrie and Coyle FFA chapters will purchase an egg incubator and hatcher to generate more excitement for hands-on learning. Students will monitor eggs daily, then take care of the birds – including chickens and …
Energy news stories in brief
** Canadian pipeline operator Enbridge Inc said it had signed partnerships with Royal Dutch Shell and Vanguard Renewables to make low-carbon fuels, seeking to tap into sales to companies that want to lower their greenhouse gas emissions. ** Russian President Vladimir Putin told his Turkish counterpart Tayyip Erdogan on Wednesday that Turkey is shielded from a gas …
Shareholders OK Denver oil company’s $17B merger
Cimarex Energy Co., the Denver based company with large operations in Oklahoma will soon be moving its headquarters to Houston, Texas after shareholders voted overwhelmingly this week to support the company’s $17 billion merger with Cabot Oil & Gas Corp. The Denver Business Journal reported 99.5% of shareholder ballots approved issuing new shares to …
Record costs slap U.S. drillers as oil output growth weakens
The same Dallas Federal Reserve report we reported on earlier this week about oil production in Texas also suggested the nation’s oil producers are being hammered with record costs. It comes as the same producers are increasing their oil output at a slower pace. Like every other industry across the U.S., oil and gas …