With a downsized drilling program, SandRidge Energy, Inc. reported first quarter net income of $23.8 million or 64 cents per basic share. The Oklahoma City company said its adjusted net income was $25.7 million or 70 cents a share and adjusted EBITDA was $31.2 million in the first quarter. As indicated in the quarterly …
May 6, 2023 archive
Hamm honored at Texas Energy Workforce meeting
Continental Resources Executive Chairman Harold Hamm was recently honored at the annual meeting of the Energy Workforce and Technology Council held in Austin, Texas. Hamm was honored with the organization’s Platinum Award for his leadership in the energy industry. “As a voice for American’s oil and natural gas industry and as the leader of …
Victory in Iowa for opponents of a liquid carbon dioxide pipeline
Those fighting a planned liquid carbon dioxide pipeline in Iowa were recently winners in a court where a judge ruled a state law giving surveyors the right to enter private property is unconstitutional. The judge denied a pipeline company’s request for an injunction to allow survey crews access to one farmer’s land near Sioux …
Senate overturned lesser prairie-chicken protection rule
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin made their votes count as the U.S. Senate voted recently to overturn a Biden administration rule to protect the lesser prairie-chicken in Oklahoma, Kansas, Texas and New Mexico. The vote was 50-48 and West Virginia Democrat Joe Manchin joined Lankford, Mullin and other Republican Senators in …
Biden Energy leader couldn’t answer simple question about lowering global temperatures
Leave it to Louisiana Republican U.S. Sen. John Kennedy to bring out another embarrassing moment for the Biden administration’s energy leaders. It happened during a Senate Appropriations Subcommittee hearing where Deputy Energy Secretary David Turk who was put on the spot by the feisty GOP Senator. Kennedy did it with one simple question: How much …
Rep. Cole pushes for more roll backs of Biden energy policies
Oklahoma Congressman Tom Cole took on the President this week for refusing to reimpose solar panel tariffs on China even though the country skirted U.S. law. Writing in a weekly column, the Republican Representative from Moore, stated, “The joint resolution passed in the House last week will overturn the Biden Administration’s ill-advised rule implementing …
Baker Hughes reports nationwide rig count decline while Oklahoma increased
While the nation’s number of active oil and gas rigs declined by 7 in the past week, Oklahoma saw a gain of one, reaching a total of 54 rigs reported the Baker Hughes Co. on Friday. The report showed a decline of 3 oil rigs to 588 across the U.S. in the past week …
Continental Resources hits 5 major natural gas wells in Custer County
Continental Resources filed recent completion reports on a series of natural gas wells in western Oklahoma. In one case, three wells on a single Custer County pad produced nearly 45,000 Mcf a day of natural gas. The three Ko Kipp wells are located at 34 15N 14W, or about 3 miles east of the …
Quick energy reads
** Starting in 2025, New York will be phasing in all-electric heating and cooking for new construction projects. New York just made history for becoming the first U.S. state to ban gas stoves, furnaces and propane heating in most new buildings. ** Three environmental groups have sued California regulators over new rules they say will …
Nine hurt in fire at Shell chemicals plant near Houston
A Friday fire that injured nine workers at Shell’s Deer Park Chemicals plant south of Houston is under investigation. The nine received treatment by doctors after they were exposed to heat during the fire. It was reported the fire was caused by a leak at an Olefins unit. Witnesses said there was only a fire …
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