Devon Energy’s third quarter report this week revealed more details about the Oklahoma City company’s drilling projects in the five shale plays where it is most active. They represent where the company is putting its capital. In the Permian Basin, Devon has plans to operate 16 rigs and 3 completion crews across its 400,000 …
November 2022 archive
Earnings increased in 3Q for LSB Industries
Oklahoma City-based LSB Industries announced this week improved third quarter earnings after successfully making two major turnarounds at two of its fertilizer facilities. The company had $184 million in net sales during the quarter, an increase from the $127 million reported in the third quarter of 2021. Adjusted EBITDA rose from $38 million in …
Major sand contracts announced by Mammoth Energy
Mammoth Energy Services, Inc. announced that its subsidiaries, Piranha Proppant LLC and Taylor Frac, LLC, have entered into two sand supply agreements with third-party service providers with terms of 12 months and 21 months, respectively, beginning on January 1, 2023. Under the terms of the agreements, the Oklahoma City-based Company’s subsidiaries have agreed to …
Winter storm price gouging probe still underway in Kansas
An investigation into natural gas price spikes during the 2021 Winter Storm Uri by the Kansas Attorney General has yet to conclude whether there was price gouging. The Topeka Capital Journal reports it also appears the probe into the prices that soared during the storm 20 months ago will be taken over by a …
Carbon pipeline fight leads to trespassing charge
In northwest Iowa where there’s a fight underway against a proposed carbon dioxide pipeline, a land surveyor has been charged with trespassing. The surveyor for Summit Carbon Solutions faces a criminal trial next month near Spirit Lake, Iowa. The charge stemmed from the attempt to survey farmland reported The Iowa Capital Dispatch. Click here …
AG files charges over robocalls
Attorney General John O’Connor announced the national Anti-Robocall Litigation Task Force has filed for a court order compelling the production of information from two voice service providers over their alleged involvement in illegal robocalls. “Americans are sick and tired of robocalls,” said Attorney General O’Connor. “They invade our privacy and interrupt our days. Some …
Halliburton CEO professes Permian Basin growth might be “over”
The head of Halliburton suggests the glory days of massive oil and gas production in the Permian Basin might be at an end or at least approaching it. It’s what Jeff Miller, chief executive officer of Halliburton said during a speech this week at an Adipec panel in Abu Dhabi. He said the era …
Northeast Arkansas to get another steel plant
Northeast Arkansas will be getting a $500 million rebar steel mill further increasing the region’s reputation as a leading steel producing area in the U.S. The Arkansas Democrat Gazette reports the new firm’s project will create 200 manufacturing and other steel-related jobs. Click here for Democrat Gazette
Other headlines
** President Joe Biden’s suggestion that US oil companies are profiting from Russia’s war in Ukraine was “absolutely outrageous,” according to the trade group representing American oil and natural gas companies. ** A newly formed coalition including major utility companies Dominion Energy, Duke Energy, Louisville Gas & Electric Company and Kentucky Utilities Company, Southern Company and …
Oil groups want stripper well exemption from new EPA methane rules
The Biden administration has been asked by the Independent Petroleum Association of America and a coalition of 20 state drillers’ groups to exempt hundreds of thousands of the smallest wells in the U.S. from approaching EPA methane rules. The Kansas Independent Oil & Gas Association is one of them and wants exemptions for so-called …