The U.S. rig count had its high point at 853 during the week ended Feb. 8, falling by four from the previous week’s peak, according to Enverus Foundations data. The count is down 2% from a month ago and up 14% YOY. All numbers discussed are weekly peaks to avoid the sometimes wide variability …
February 9, 2023 archive
Williams executives to be featured speakers at CERAWeek in Houston
Williams President and Chief Executive Officer Alan Armstrong will be among the featured speakers at the approaching CERAWeek to be presented by S&P Global in Houston. He will speak Wednesday, March 8 at the 41st annual CERAWeek, joining the world’s energy industry leaders, experts, government officials and policymakers. Two other executives of Williams will …
Crude oil prices fell Thursday and so did most Oklahoma energy stocks
The growth of U.S. oil inventories along with continued worries by investors of Federal Reserve rate hikes sent crude oil prices down on Thursday. Some Oklahoma energy stocks lost nearly 11% in the day’s trading. West Texas Intermediate crude dropped 41 cents or 0.5% to close at $78.06 a barrel on the New York …
Annual meeting of Oklahoma Energy Producers Alliance to be held in March
The 6th annual meeting of the Oklahoma Energy Producers Alliance will be held Thursday, March 23 in Oklahoma City. It will begin with a welcome reception that evening at the Parlor, 11 NE 6th street starting at 6 o’clock. The meeting will follow on Friday morning at 8:30 a.m. at the Embassy Suites Hotel, 741 …
Chesapeake 4Q earnings report to be released
Chesapeake Energy Corporation plans to release its fourth quarter and full-year financial results on Tuesday, February 21, 2023. The question for investors is—will the fourth quarter be as strong as the third quarter? The Oklahoma City-based company said the release will be made after the market closes on that day. A conference call with …
Not much relief seen in Oklahoma gasoline prices
Gasoline prices eased only slightly in Oklahoma in the past week but still remain well over the $3-a-gallon level reported AAA. The group said Oklahoma’s average as of Thursday was $3.12 a gallon, down from the $3.18 reported a week earlier but still 20 cents more than the $2.92 a gallon a month ago. …
Colorado refinery shutdown leads to higher gasoline prices in Rocky Mountains
Colorado environmentalists are learning what happens when the oil and gas industry stops production—gasoline prices skyrocket. It’s what has happened in the state after the December 24, 2022 shutdown of Calgary-based refiner Suncor. The company announced that the 103,000 barrel-a-day oil refinery in Commerce City had been damaged by the extreme cold weather earlier …
Texas divests investments of firms for discriminating against oil and gas
Texas put its new anti-ESG divestiture law to use this week when its Texas Teacher Retirement System divested part of its pension fund from 10 financial firms that were “boycotting” the oil and gas industry. The state’s law, approved in 2021 a year before Oklahoma created an Energy Discrimination Elimination Act following claims of …
Pipeline company predicts growth in Permian’s crude oil production
Crude oil production in the Permian Basin is expected to grow by as much as 500,000 barrels a day this year according to Plains All American Pipeline LP. The company’s prediction came as it reported fourth-quarter 2022 results reported Reuters. Plains All American reported quarterly revenues of $12.95 billion, just short of the $12.98 …
A 2nd Blaine County producer reported by Marathon Oil
Marathon Oil Company reports another Blaine County well with significant oil production of nearly 1,000 barrels of oil a day. The firm filed a completion report this week on the Alta Bia 1511 5-31-30mxh located at 30 15N 11W or about 6 miles south of Watonga. Production totaled 984 barrels of oil a day …
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