This is the week that Devon Energy’s Richard Muncrief is to join other oil and gas industry leaders in facing the heat from Democrats on the House Energy and Commerce Committee. The Democrats plan a Wednesday morning hearing entitled “Gouged at the Gas Station: Big Oil and America’s Pain at the Pump,” a hearing …
April 4, 2022 archive
Additional energy headlines
** Exxon Mobil Corp on Monday said its first-quarter production results could top a seven-year quarterly record, with operating profits from pumping oil and gas of up to $9.3 billion according to Reuters. ** JPMorgan boss Jamie Dimon warned on Monday that the bank could lose about $1 billion on its Russia exposure, the first time it …
Lawsuit blames Excel Energy for deadly Colorado wildfire
Yet another claim has surfaced about what caused the December 2021 wildfire that destroyed more than 1,000 homes in suburban Denver, Colorado. A class-action lawsuit filed in recent days now puts the blame on Excel Energy, alleging sparks from a power line lit the deadly and destructive blaze reported the Associated Press. Click here …
Creation of new jobs in Oklahoma
New jobs, new government contracts and a new industrial park make up some of the news from the Oklahoma Office of Workforce Development. Bill Hancock, the Business Services & and Rapid Response Coordinator at the Office issued a weekly report on Monday. A New Industrial Park OKC Logistics Park, by Flint Development and marketed by Newmark Robinson …
Patterson-UTI works to return to higher active rig count
Patterson-UTI indicated in a recent report it is still working on fully recovering to its 2019 active rig count, one that includes at least 20 working rigs in Oklahoma as of the end of 2021. The Houston-based company stated its average active U.S. rig count for the fourth quarter of 2021 was 106 rigs, …
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