The Baker Hughes rig report released Friday showed the nation’s oil and gas rig numbers were fairly steady with a decline of one rig, leaving 584 oil and gas rigs active across Oklahoma and the other energy producing states. The decline included one oil rig, resulting in 478 still drilling for oil while the …
The bigger-than-expected increase in U.S. crude oil inventories last week sent prices falling by more than 2% on Friday, creating a weekly plunge of more than 4%. Plus, there was the issue of declining Chinese demand for crude oil. West Texas Intermediate fell $1.68 or 2.45% per barrel to close at $67.02 on the …
Oklahoma’s latest earthquake shook the northern part of the state Saturday morning and measured 3.3 magnitude. The epicenter was 26 miles northwest of Enid and according to the U.S. Geological Society, occurred around 3:30 in the morning. A day earlier on Friday, 2.1 magnitude earthquake was recorded about 30 miles west of Oklahoma City. …
Oil industry executive Chris Wright was chosen by President-elect Trump to head the U.S. Energy Department, succeeding Jennifer Granholm who carried out the Biden administration’s war on the oil and gas industry. Critics were quick to point out that Wright runs a firm known for fracking but his nomination is likely to bring …
A report indicates Oklahoma isn’t quite ready to hand over more money to EV manufacturer Canoo as part of its effort to help the company get on solid financial footing. After warning investors last week that it faces extreme challenges in staying alive, Canoo then came out with a dismal third quarter financial report. …
Energy czar might be a fitting title for North Dakota Gov. Doug Burgum after being named Friday by President-elect Donald Trump as his choice to run the Interior Department. His selection could very well be celebrated in the nation’s oil and gas industry. Trump also announced he will create a National Energy Council to …
** North Dakota utility regulators granted approval on Friday for a span of a proposed carbon dioxide pipeline that would cross five Midwestern states — a key victory for the company that has faced vociferous landowner objections and various hurdles and setbacks in its plans.** Jeff Bezos, the owner of Amazon, has invested more than £7 million to try …
Some believe Kansas is sitting on top of a gold mine of pure hydrogen gas and already a few firms have launched exploration efforts to find it. Even billionaire Bill Gates is funding the exploration which, if successful, could develop a source of energy that would not add to climate change. Bloomberg reported the …
Oklahoma Corporation Commissioner Bob Anthony isn’t giving up in his quest for an investigation into the allegations leveled against fellow commissioner Todd Hiett and maintains there has been knowledge by agency staff of Hiett’s alleged criminal wrongdoing while in office. “The public still has very incomplete information about this ongoing situation. Unfortunately, there do …
Thursday’s trading saw crude oil prices close slightly higher as US crude stocks saw a drop in supplies. West Texas Intermediate, the U.S. benchmark gained 27 cents or 0.4% to close at $68.70 per barrel on the New York Mercantile Exchange. Global benchmark Brent crude picked up 28 cents or 0.4% and finished the …
