Not much change in crude oil prices occurred in Monday’s trading investors weren’t as nervous over the fighting in the Middle East and how it might affect supply. Chinese data suggested a weak demand and U.S. refining saw an increase in production. Natural gas took another tumble. West Texas Intermediate crude, the U.S. benchmark, fell …
Make it six consecutive years that the U.S. has produced more crude oil than any other nation in the world. The U.S. Energy Information Administration reported U.S. crude oil production, including condensate, averaged 12.9 million barrels a day in 2023. The production mark broke the previous U.S. and global record of 12.3 million barrels …
A report by the Energy Workforce & Technology Council shows a slight increase in employment in the U.S. oilfield over the past several months. Employment gains totaled 1,466 jobs, according to preliminary data from the Bureau of Labor Statistics. Job availability increased by 22.5% compared to January as the market continues to steady itself …
Tulsa’s Helmerich & Payne plans to take part in at least two investor conferences this month. One will be the Piper Sandler 24th Annual Energy Conference in Las Vegas on Tuesday and Wednesday, March 19-20, 2024. The second will be the NYSE Energy & Utilities Virtual Investor Access Day on Thursday, March 21, 2024. …
The efforts of Oklahoma U.S. Rep. Frank Lucas to protect U.S. farmland from foreign ownership, especially by Communist China, paid off over the weekend. President Biden signed into law the Consolidated Appropriations Act, which includes Congressman Lucas’s bill, the Agricultural Risk Review Act (H.R. 3378). H.R. 3378 adds the Secretary of Agriculture as a permanent member …
Attorney General Gentner Drummond has become the first ever attorney general to receive the Sunshine Award from Freedom of Information (FOI) Oklahoma. The prestigious honor is awarded each year to a public official for showing a commitment to open meetings and open records. The award comes during Sunshine Week, which runs from March …
Tulsa’s Vital Energy says it anticipates running four drilling rigs and one to two completions crews throughout the remainder of its 2024 exploration efforts in the Permian Basin. In an annual report filed with the U.S. Securities and Exchange Commission, the company said it might adjust the drilling rig count and completions crews to …
A $300 million hydrogen research project initiated two years ago by Williams Cos. could turn a small Wyoming town into quite a gold pot. A natural gas distribution hub in Wamsutter might also attract the likes of billionaire Warren Buffet’s Berkshire Hathaway Energy company. Wamsutter, population about 200, is located along Interstate 80 between …
Remember those encampments by Indian and environmental protesters at the Dakota Access Pipeline 8 years ago? They shouldn’t have been allowed, ruled a federal judge as the state of North Dakota rested its case in its lawsuit to recover $38 million in law enforcement costs. U.S. .District Court Judge Dan Traynor said at a …
The head of the Electric Cooperatives in Arkansas suggests it might be time to reconsider the movement to shut down coal-fired electric generating power plants. Buddy Hasten, CEO of the cooperatives said if the nation moves to renewable energy as quick as the government wants, it might also result in more and more rolling …
