Continental Resources held its annual shareholders meeting last week in Oklahoma City where seven directors, including company founder Harold Hamm were chosen to the Board of Directors. Hamm was chosen along with Continental President and CEO William Berry. Others elected by shareholders were: Shelly Lambertz, Lon McCain, John T. McNabb, II, Mark E. Monroe and Timothy G. Taylor. The …
May 22, 2022 archive
Crude oil prices finished up on Friday
The European Union just can’t come to a fast and solid decision to totally ban Russia’s flow of oil and gas to its member countries and as a result, concerns caused a slight gain in crude oil prices on Friday. In the U.S., West Texas Intermediate crude for June delivery increased $1.02 to close …
Interior Secretary left stammering over Manchin and Lankford questions about Biden energy policies
To say Interior Secretary Deb Haaland had a rough day before a Senate Committee hearing last week might be considered an understatement. First she was pummeled by Democrat Sen. Joe Manchin, then politely hauled onto the carpet by Oklahoma Republican Sen. James Lankford as the two pursued questions about the Biden administration’s continued attack …
Oklahoma sees more drilling rigs in the oilfields
Oil and gas drilling in Oklahoma continued to see a slight increase as the latest Baker Hughes Co. rig report shows the state’s rig count increased by one to reach 58 rigs this past week. A year ago, there were only 26 active oil and gas rigs in Oklahoma. But the gain totaled 32 …