After all-time high prices for gas across the country earlier this spring – sending national and state averages above the $5 per gallon mark for the first time in history – the national average has dropped below $4 Thursday. Price averages across the U.S. peaked at $5.01 on June 14. Now, for the first time …
August 11, 2022 archive
Enverus rig report shows growth nationally and in Anadarko Basin
The U.S. rig count rose by six in the last week to a total of 832 as of Aug. 10, according to Enverus Foundations. The count is down 1% in the last month, but up 45% YOY. Activity reached as high as 840 rigs during the week, two rigs lower than the prior week’s …
Headlines of other energy stories
** A Terrebonne Bay oil spill on the first day of Louisiana’s inshore shrimp season has taken a toll on some local fishermen, who say they received no warning of the incident until many hours after it occurred and as a result ended up with fouled nets and oiled boats. ** Berkshire Hathaway Energy is set to …
34-square mile oil development by Occidental okayed by Colorado regulators
A huge oil and gas development by Occidental Petroleum in Colorado’s oil-rich Weld County was approved this week by state regulators. Occidental had filed the request in the spring, stating it covered at least 34-square miles on a single ranch. The company claimed it was one of its highest priorities internationally. Regulators had asked …