It’s no surprise what Scott Mitchell and Jerry Bohnen lead in their weekly discussion of energy news on Mitchell Talks Energy…. of course it is the scandal surrounding Oklahoma Corporation Commissioner Todd Hiett and the claims he drunkenly tried to grope a man during a convention in June. Not just any man, but reportedly …
August 2024 archive
Democratic leader calls again for special session to impeach Todd Hiett
Oklahoma state House Democratic leader Cyndi Munson didn’t get a response from Gov. Kevin Stitt this week when she asked him to call a special session of the legislature to impeach Corporation Commissioner Todd Hiett. Her call came after revelations of accusations that Hiett, a Republican, was drunk at a national convention in June and …
Nation’s oil and gas rigs numbers slip—Oklahoma remains steady
The number of oil and gas rigs actively pursuing new production in the U.S. dropped by three to 586 in the past week, according to the latest rig count released by the Baker Hughes Co. At the same time, Oklahoma’s count remained at 35 with no change. A year ago, the state recorded 39 …
Energy briefs
** Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil firm Pioneer Natural Resources. Exxon delivered a $2.14 per share profit that beat analysts’ estimates on oil production and pricing gains that offset refining weakness. ** A U.S. circuit …
More companies to increase crude oil production this year
Coterra Energy Inc. is among a handful of oil and gas companies planning to produce more oil this year—more than originally planned. The company joined EOG Resources and Civitas Resources Inc. in admitting such plans, a move seen by some that could see the U.S. supply of oil being larger than expected. The three oil …
ONEOK reports on emissions reduction progress
ONEOK, Inc. released an annual report highlighting its greenhouse gas emissions reduction efforts and contributions to charity. The Corporate Sustainability Report highlighted the company’s progress and commitment toward environmental, social and governance (ESG) performance. The report is available on ONEOK’s website, www.oneok.com. Report Highlights: Achieved reductions equating to approximately 50% of ONEOK’s total 2030 greenhouse gas …
Ovintiv could see nearly $2 billion in free cash flow in 2024
The second quarter of Denver-based Ovintiv proved to be a strong one with $340 million or $1.27 per share in net earnings and more than $1 billion in cash from operating activities. Known in Oklahoma for its major drilling efforts in the past several years in the STACK, the company second quarter production …
Investigation of allegations against Corporation Commissioner Hiett yet to be determined
Despite what you might have read elsewhere, there is no formal investigation underway by the state into the drunken shenanigans of Corporation Commission Chairman Todd Hiett. Some reports suggested there was vote on Wednesday by the commission, but in the confusion it did not focus on the allegations that a reported drunken Hiett tried …
Crude oil prices and OK energy stocks lost in Thursday’s trading
Thursday’s crude oil trading saw prices fall more than $1 a barrel and according to analysts appeared to be mostly unaffected by this week’s bombing death of a Hamas leader in Iran. Reuters reported investors instead turned their attention to concerns about worldwide oil demand. It came a day after benchmarks rose 4% in …
Saharan desert sand revists Oklahoma
The Saharan desert dust has returned to Oklahoma and as a result, the Department of Environmental Quality issued a health advisory for Thursday. A large segment of the state fell under the advisory as dust filled the air and reduced visibility. The DEQ explained the advisory was necessary because of ” Fine Particulate Matter …