A decision by China to release state oil reserves resulted in a nearly 2% drop in U.S. crude oil prices in Thursday’s trading while Oklahoma energy stocks had a mixed response. West Texas Intermediate crude dropped 1.7% or $1.16 to finish the day at $68.14 a barrel. Global benchmark Brent futures fell $1.15 or 1.6% …
September 2021 archive
Federal Reserve Bank asks—where are all the workers?
The Kansas City Federal Reserve Bank takes a deep look into the problem faced by Oklahoma firms as well as those in virtually every other state in the nation—the inability to hire employees. From one state to another, restaurants beg customers to understand why their meals aren’t being served quickly on time—they don’t have …
Environmental Quality board meeting set for Oklahoma City
The Oklahoma Environmental Quality Board of the State Department of Environmental Quality plans a public forum next week in Oklahoma City. It will be held Tuesday, Sept. 14 after the regular business meeting of the board. The DEQ indicated there is no way to estimate now long the business meeting will last so there …
Biden to force 80 million private sector workers to get COVID vaccine
Those energy companies with at least 100 employees or more will apparently fall under the latest government edict coming from the Biden administration for COVID-19 coverage. How their leadership will react remains to be seen but Axios reported Thursday that the mandate will apply to more than 80 million Americans working the private sector. …
More Carter County drilling planned in Southern Oklahoma
Here’s where some of the latest drilling will take place in Oklahoma according to drilling permits approved by state regulators. Kodiak Oil and Gas received yet another permit to drill in Carter County. The HHU #826 is located at 27 4S 2W or about a mile northeast of the Black Gold Casino in Wilson. In adjacent Garvin …
Missouri natural gas pipeline operator loses court appeal
U.S. natural gas company Spire Inc. lost a round in federal appeals court this week where it is fighting a June ruling to shut down its STL natural gas pipeline in Missouri. Reuters reported that two panels of judges of the U.S. Circuit Court of Appeals for the D.C. Circuit rejected intervenor Spire’s petition …
Benton, Arkansas plant acquired by chemical maker
An Arkansas materials processing plant formerly owned by French proppant manufacturer Saint-Gobain has been acquired by specialty chemical producer U.S. Vanadium. The plant is located in Benton near Hot Springs and according to Arkansas Business will help the company prepare more vanadium. Click here for Arkansas Business.
Outlook not bright for oil and gas employment says State report
For every new job that opens in Oklahoma’s oil and gas and mining sector, there are three others who are out of work. The unemployment figure is the highest in the state according to an August report announced by the Oklahoma Office of Workforce Development. The same report suggests the state’s oil and gas …
Anadarko Basin makes big increase in rig activity
The number of rigs running in the U.S. rose by 13 in the last week to 607 as of Sept. 8, according to Enverus Rig Analytics. The count is up 3% in the last month and 60% YTD. The largest week-over-week changes occurred in the Anadarko Basin, adding five to reach 53, and the …
Texas energy center sold in $3 billion deal
Encap Flatrock Midstream, a company with operations in Oklahoma City joined Moda Midstream LLC in announcing the sale of the Moda Ingleside Energy Center in Texas. Enbridge Inc. is the buyer in the $3 billion agreement. The Ingleside operation has 15 million barrels of storage and is the nation’s largest crude export terminal by …