Author's posts
One Man who Disagrees with Harold Hamm About $60 Oil in 2016
While Oklahoma oilman Harold Hamm continues predicting $60 oil by the end of the year, there are others in the industry who disagree. One of them is Todd Gordon of TradingAnalysis.com who contends prices won’t hit $50 let alone the $60 that Hamm contends will be reached. It’s what he recently told CNBC’s “Trading Nation.” …
Enbridge Anticipates $62 million in Fines over 2010 Oil Spill in Michigan
Six years after an oil spill in Michigan and Enbridge believes it will be hit with $62 million in fines from the federal government. The company said in a filing this week with the Securities and Exchange Commission that $55 million will come from penalties under federal water law. The spill happened in 2010 when …
Energy Industry Prepares for Constitutional Amendment Fight in Colorado
“We’re going to fight.” The vow from an oil and gas spokeswoman in Colorado over efforts to hold a statewide vote on constitutional amendments to restrict oil and gas drilling in the state. Karen Crummy is with the group called Protecting Colorado’s Environment, Economy and Energy Independence and responded after the Colorado Supreme Court ruled …
Sinclair and “Dino” turn 100 This Month
Sinclair Oil turned 100 years old this month making it the oil industry’s oldest brands….and maybe one of the most recognized because of its famous dinosaur logo. Based in Salt Lake City, the company was founded May 1, 1916 and has sold fuel and oil in the U.S. as one of the oldest continuous brands …
Oklahoma’s Gas Prices Average Just Under $2
Gasoline prices in Oklahoma are just pennies under the $2 mark and show an increase of 14 cents in the past four week, according to this week’s Fuel Gauge Report from AAA Oklahoma. The new average is $1.96 a gallon, a level that the state hasn’t seen since mid-November of 2015. It compares to the …
Colorado Supreme Court Rules Against Municipal Fracking Bans
The efforts of some cities in Colorado to create rules and regulations against oil and gas development, including fracking have been shot down by the Colorado Supreme Court. The Justices ruled this week state power trumps the local bans on oil and gas drilling near cities. The ruling involved a challenge of a five-year moratorium …
Late 2015 Wells Just Reported in Oklahoma
Six months after some high-producing oil wells were drilled in the state, production companies are just filing their completion reports. The largest to be reported this week was a Blaine County well producing 1,817 barrels a day along with 4,381 Mcf of natural gas by Continental Resources. The Compton well is located southeast of Watonga …
Hamm’s Still Predicting $60 Oil in 2016….Cites Increased Worldwide Demand
Oklahoma oilman Harold Hamm, founder of Continental Resources predicts the oil and gas market will “rebalance in the second half of 2016 and oil prices will be at $60.” It’s what he wrote in a commentary in the Journal Record, saying the oil market has passed an inflection point and prices are up 50 …
Oklahoma’s in Bottom Tier of States for Working Moms
When it comes to the best states for working moms, whether it’s in the oil patch, coal mines or electrical crews, Oklahoma is in the bottom tier of the states according to a survey by WalletHub. The organization said Vermont’s number one while Oklahoma is ranked 36th based on 13 metrics including day-care, professional …
Solar Powered Plane Set to Fly to Midwestern U.S.
The solar-powered airline that landed on the west coast of the United States just a week ago flew to Phoenix, Arizona on Monday, safely completing the 10th leg of its round-the-world quest. Solar Impulse 2’s crew will now prepare for a flight to somewhere in the Midwest. The plane, with wings stretching wider than those of …