Author's posts
Management promotion at Alliance Resource Partners
Alliance Resource Partners, L.P. announced that Megan J. Cordle has been promoted to Vice President, Controller and Chief Accounting Officer. Cordle succeeds Robert J. Fouch effective with his retirement on March 1, 2022. Mindy M. Kerber will replace Cordle in the role of Vice President and Assistant Controller. “Bob Fouch has been a key member of the Alliance team …
Oil mixed over Iran talks and Russia’s invasion threat
The prospects of the U.S. easing its sanctions on Iran over another possible nuclear deal weakened crude oil prices after they hit their highest levels on Monday since 2014. Prices on Friday closed down again in the U.S. but rose slightly in global trading. West Texas Intermediate crude for March delivery dropped 69 cents …
Baker Hughes reports increased rig numbers
While Oklahoma held steady with 53 working oil and gas rigs in the past week, numbers across the nation increased by 10 to reach a total of 645 reported Baker Hughes in its weekly report on Friday. The national count included a gain of 4 oil rigs to reach a total of 520 while …
Lucas urges all-of-the above approach to hydrogen energy development
Oklahoma congressman Frank Lucas suggests that before the government jump head-long into funding hydrogen energy development, it should consider public-private partnerships. At a recent hearing held by the House Committee on Science, Space, and Technology subcommittee on Research and Technology, Lucas urged an effective all-of-the-above clean energy strategy. “In recent years, we’ve all seen the global …
LSB Industries to release 4Q earnings report this week
Fourth quarter financial results will be released this week by Oklahoma City-based LSB Industries. Details will be made known after the close of the stock market on Wednesday, Feb. 23, 2022. LSB’s management will host a conference call on Thursday, February 24, 2022 at 10:00 am ET / 9:00 am CT to discuss these …
Spirit AeroSytems converts to renewable energy in Kansas
Aircraft manufacturer Spirit AeroSystems based in Wichita, Kansas but with operations in Oklahoma announced it’s converted to 100% wind-generated electricity at the company headquarters in southern Kansas. The company said it’s the latest move to accelerate its transformation to more environmentally responsible operations. “Harnessing a local renewable and reliable resource dramatically reduces our corporate …
Point Energy beefs up management team
Promotions of Point Energy Partners’ management team in the Delaware Basin include individuals who formerly worked for SandRidge Energy and Devon Energy in Oklahoma. Joel Acosta, named senior vice president of operations came from Crescent Consulting where he drilled and operated wells in Oklahoma, Texas and New Mexico. He previously worked at SandRidge Energy, …
OK Senate okays bill targeting abandoned wells in state
The Oklahoma Senate has given unanimous approval to a bill calling for an increase of surety bonds offered by oil and gas exploration firms to cover the cost of plugging abandoned wells in the state. Senate Bill 1368, authored by Sen. Zack Taylor, R-Seminole was approved on a 44-0 vote and sent to the …
Energy Transfer next to build Permian pipeline?
Leaders of Texas-based Energy Transfer LP suggest the firm will likely be the next company to build a pipeline to transport growing amounts of natural gas production from the Permian Basin to export hubs on the Gulf Coast. It’s what Energy Transfer Co-Chief Executive Thomas Long told analysts during a recent conference call. He …
Completion reports for February 17, 2022
PONTOTOC COUNTY Citation Oil & Gas Corporation Various Commingled Formations: Oil 40 Water 1579 Pump 27 2N 7E East Fitts Unit 9-57, January 12, 2022 DH, OIL, TD: 4178 ft Lat: 34.61839, Long: -96.55353 API: 35123238940000
