Baker Hughes announced on Monday that it will acquire the Power Generation division of London-based BRUSH Group (BRUSH) from One Equity Partners. BRUSH is an established equipment manufacturer that specializes in electric power generation and management for the industrial and energy sectors. This acquisition supports Baker Hughes’ strategic commitment to lead in providing decarbonization solutions for …
August 8, 2022 archive
Williams and PennEnergy Agree to Market and Deliver Certified, Low Emissions Next Gen Gas
Tulsa-based Williams and PennEnergy Resources, LLC, an EnCap Investments portfolio company in the Appalachian Basin, entered into an agreement to support the marketing and delivery of certified, low emissions next gen natural gas, according to a press release issued Monday. The agreement includes an independent, third-party certification process that verifies best practices are being followed …
Completion reports for August 8, 2022
CREEK COUNTY Eok Operating Llc 7 14N 7E Keywest 1a, July 21, 2022 null, INJ, TD: 4172 ft Lat: 35.70615, Long: -96.61793 API: 35037275540002 GARVIN COUNTY Continental Resources Inc Woodford(14899): Oil 144 Gas 3364 Water 5180 Flow 19 3N 4W Rcl 3-19-30-31xhw, March 15, 2022 HH, GAS, TD: 29356 ft Lat: 34.72277, Long: -97.66432 API: 35049253440000 Marathon Oil Company Woodford(13125): Oil 912 Gas 2976 Water 2064 Flow …
Permits to drill for August 8, 2022
Canadian County BAKER 1107 #4WH-4, August 08 2022 04 11N 7W NENENENW API: 01725836 Lat: 35.46374376792245, Long: -97.94696718466109 CANVAS ENERGY LLC HH, DR, 16500 ft, WOODFORD(10155) Grady County GALAXY 2536 #7H, August 08 2022 24 10N 5W SESWSESE API: 05124508 Lat: 35.32052072468215, Long: -97.673633682117 EOG RESOURCES INC MU, DP, 19290 ft, MISSISSIPPIAN(8646), WOODFORD(8676) Marshall County GODFREY #10, …
So-Called Inflation Reduction Act would hurt share buyback programs
Oklahoma oil and gas companies that launched share buyback programs no doubt are wondering what kind of impact the $430 billion Inflation Reduction Act bill, if passed and signed into law, will have on them. It could be devastating because the bill passed by the U.S. Senate and under consideration in the House includes …
Russia restructuring blamed for Siemens Energy 2022 losses
Siemens Energy, the company known for wind tower generators located throughout Oklahoma and other wind-generating states blamed at $204 million charge Monday on the wind-down of its Russian business. The company, with wind production plants in Hutchinson, Kansas and another in Iowa indicated its Russian business activities could be sold or wound down reported …
More energy headlines
** A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy. ** The deal extends a popular $7,500 per vehicle consumer tax credit for the purchase of electric vehicles, a win for EV …
EPA Tours US in Support of 50th Anniversary of Clean Water Act
U.S. Environmental Protection Agency (EPA) Assistant Administrator for Water Radhika Fox joined local leaders in Seattle to kick off the 50th Anniversary of the Clean Water Act celebration tour. “When Congress passed the Clean Water Act in 1972—with an overwhelming bipartisan majority—it charted a new path for America’s waters. As a result, we have seen …
Rig Report: OK Flat with 64 Rigs, US Count Drops by 3
The number of oil and gas rigs active in the U.S. field decreased by three over the past week to reach a total of 764, according to the Baker-Hughes Rig Report. Oklahoma remained flat with 64 active rigs, up by 33 since a year ago. Although its rig count is flat for the week, the …
Unexpected Job Growth Produces Higher Settlement of Brent Crude and WTI
After a week of sliding prices, oil settled higher on Friday on forecasts of a strong U.S. job growth market. Brent crude climbed 80 cents to $94.92 a barrel, 11% off last week’s settlement. U.S. West Texas Intermediate crude rose 47 cents to $89.01, off 8% for the week. The U.S. Department of Labor reported …