Not only did crude oil prices drop in Tuesday’s trading but natural gas futures did as well, taking a 4% hit to reach a three-month low. The slides happened as oil and European gas prices dropped and milder U.S. weather is in the forecast for the next two weeks. West Texas Intermediate crude oil for …
October 2022 archive
Takeover by Harold Hamm was big news
Harold Hamm’s pending $4.3 billion takeover of Oklahoma’s Continental Resources drew lots of attention, not only in the oil and gas industry but across the nation’s business section. Here’s how it was headlined by Bloomberg. Shale Titan Hamm Ups Continental Offer in Bid for ‘Freedom’ Oil tycoon sees ‘freedom to invest’ as a closely …
Oil production in Permian to hit record in November
The government’s predicting crude oil production in the Permian Basin of West Texas and Southeast New Mexico will hit a record production of 5.4 million barrels of oil a day in November. The forecast from the U.S. Energy Information Administration said this week the production of 5.453 million barrels a day will be an …
Koch subsidiary partners in carbon capture technology
Koch Engineered Solutions based in Wichita, Kansas has entered into a definitive strategic partnership agreement with ION Clean Energy of Boulder, Colorado, a leading developer of the most effective and economic carbon dioxide (CO2) capture technology in the market today. Based in Wichita, Kansas, KES is a subsidiary of Koch Industries, one of the largest private companies …
Court says EPA didn’t follow its own definition of “small refinery”
In something of a stinging ruling from the Denver Federal Appeals Court, the EPA has lost a court battle with Suncor Energy over whether its two refineries around Denver, Colorado fit the definition of “small refineries” in the Renewable Fuel Standard Program of the Clean Air Act. The 10th U.S. Circuit Court of Appeals, …
Southeast Oklahoma nagged with wildfires
Weekend rain might have eased drought conditions in some parts of Oklahoma, but wildfires are still burning in southeast Oklahoma. The latest Fire Situation Report from the Oklahoma Forestry Division indicated that the Bethel Fire in McCurtain County had darkened an estimated 3,600 acres and was still only 85% contained. The Williams Fire, also …
Oil and gas industry faces big hiring challenge
Despite a recent report showing a slight gain in oilfield employment, there remains a challenge of finding new employees in the oil and gas industry. A story by Grist points out how young workers are being urged to avoid an industry that stands accused of destroying the climate and instead should go to work …
Chesapeake to release 3Q earnings report
Chesapeake Energy Corporation announced that it will release its 2022 third quarter operational and financial results after market close on Tuesday, November 1, 2022. A conference call to discuss the results has been scheduled on Wednesday, November 2, 2022 at 9:00 am EDT. A webcast link to the conference call will be provided on Chesapeake’s website at www.chk.com. …
3Q financial reports to be released by Mammoth Energy Services
The third quarter financial results at Mammoth Energy Services, Inc. will be released next week. The Oklahoma City company plans to report its results after the market closes on Thursday, October 27. Leaders will take part in a conference call and webcast later in the day to discuss the results. The event will be …
EIA repeats the warning—gas bills will go up this winter
Data source: U.S. Energy Information Administration, Winter Fuels Outlook In the latest Winter Fuels Outlook from the U.S. Energy Information Administration, the agency says U.S. households that primarily use natural gas for space heating will spend an average of $931 on heating this winter (October–March), which is 28% (or $206) more than last year. Natural gas is the primary …