The two-day rally sparked by OPEC+’s first target cut of production since 2020 ended Tuesday as crude prices showed signs of weakness in the U.S. and definite slumping overseas. Oklahoma energy stocks ended the day with more losses than gains. The fall was also hastened by the prospect of more interest rate hikes by …
September 2022 archive
$4.8 billion merger of Brigham Minerals and Sitio Royalties
The oil and gas industry’s latest merger and acquisition move involved Brigham Minerals, Inc. of Austin, Texas and Sitio Royalties of Denver. The two announced their all-stock merger in a deal valued at nearly $4.8 billion. The combination brings together two of the largest public companies in the oil and gas mineral and royalty sector …
Hot weather to linger this week in Oklahoma
Just because the early mornings have a “feel” of fall weather doesn’t mean the afternoon heat is backing off much of Oklahoma. Just check the Oklahoma Mesonet and the range of mid-90s we will experience in the next several days. If you were hoping for some rain in the next week or so, forget …
TSA screened 8.76 million travelers over the holiday weekend
If you were among air travelers over the long Labor Day weekend, you were among 8.76 million travelers who had encounters with Transportation Security Administration screeners. The TSA announced the figure Tuesday morning saying the millions of travelers were processed and screen between Friday, Sept. 2 and Monday, Sept. 5. The agency said the …
Within 6 years, US is world leader in LNG exports
Long before the U.S. began exporting LNG from the lower 48 states in 2016, the issue was promoted by James Lankford, then a member of the U.S. House. This week, the U.S. Energy Information Administration announced as of July 2022, the United States has more LNG export capacity than any other country and has exported more LNG …
New jobs to be created by expansion of Acme Engineering in Muskogee
Acme Engineering & Manufacturing Corporation has announced plans to invest in new equipment for its Muskogee manufacturing plant. Acme has proposed investments of more than $3 million over the next couple of years that will increase operational capacity and create up to 65 new jobs. Acme is a Muskogee based family-owned business specializing in engineering, …
Cole–Oklahomans are still worried about the recession and high gasoline prices
Congressman Tom Cole says the nation’s recession and still-high gasoline prices remain on the minds of many Oklahomans. It’s what he stated in a Tuesday report to his constituents, taking note of why gasoline prices are still high. “—it is the Biden Administration’s anti-American energy policies enacted on Inauguration Day that caused this crisis,” …
Other energy headlines
** U.S. climate envoy John Kerry on Tuesday urged China to resume bilateral talks to avert a global warming crisis, and called on world leaders to speed up their energy transition away from fossil fuels. ** The US is on track to hit ambitious emissions-reduction goals following recent climate legislation that encourages investment in green technology, Treasury …
New director joins Ovintiv’s board
Ovintiv Inc. announced that Ralph Izzo has been named as an independent member of its Board of Directors, effective September 6, 2022, and that Bruce Waterman will retire from the Board of Directors effective December 31, 2022. While Ovintiv is a Denver-based company, it has extensive drilling operations throughout Oklahoma. Izzo, 64, currently serves as the Executive Chair of …
Permits to drill for September 5, 2022
permits: none were processed today
