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Baker Hughes revenue growth still slowed by COVID
Baker Hughes reported its third quarter earnings saw a 1% drop in its revenue from the second quarter which totaled $5.1 billion even though it also had a 6% increase in orders for the quarter. Company leadership blamed slower growth on COVID-19. Revenue also slipped 1% year-over-year while the orders totaled $5.4 billion and …
Energy news headlines
** Congressional Democrats consider reviving a carbon tax proposal after U.S. Sen. Joe Manchin’s opposition effectively killed the reconciliation bill’s proposed clean electricity program. ** Attorneys general in Southeast states ask Congress to reject methane taxes in the infrastructure and reconciliation bills. ** The U.S. Department of Energy awarded nearly $40 million to 40 projects that are advancing the next generation …
Why Texas congressman are upset with Mexico’s President
Congressmen from Texas are voicing complaints about the government of Mexico and its efforts to limit competition in the electrical power sector. As the Associated Press reported this week, some 20 U.S. Representatives from the state complained to U.S. Ambassador Ken Salzar about changes proposed by President Andres Manuel Lopez Obrado to restrict …
Chesapeake Energy Corporation provides 2021 3Qearnings conference call information
Chesapeake Energy Corporation announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT. Chesapeake reported a $439 million net loss or $4.48 per diluted share in the …
Edmond legislator wants air mobility development in Oklahoma
Rep. Ryan Martinez, R-Edmond, on Monday held an interim study on advance air mobility (AAM) before the House Technology Committee. He invited state leaders to speak on the topic. Presenters from other states also shared their experiences in this emerging field, which includes unmanned aerial vehicle (UAV) technology, consumer product and passenger delivery, as …
OCC staff wants to close energy storage inquiry
A year after opening an inquiry into development of energy storage in Oklahoma, the staff at the Corporation Commission wants to close any more input from consumer and utility groups. In a recent notification, Brandy Wreath, head of the Public Utilities Division informed those who had participated in the inquiry over the past year …
Completion reports for October 19, 2021
CANADIAN COUNTY Travis Peak Resources Llc Mississippian: Oil 112 Gas 1120 Water 1168 Flow 17 12N 8W Glorietta 7-12n-8w 1mh, August 13, 2020 HH, GAS, TD: 16618 ft Lat: 35.52169, Long: -98.07637 API: 35017255030001 HUGHES COUNTY Titan Resources Ltd Cromwell(4931): Oil 15 Flow 14 4N 9E Wilson 4, September 30, 2021 SH, OIL, TD: 5196 ft Lat: 34.82236, Long: -96.32235 API: 35063249360000
Permits to drill for October 19, 2021
Carter County YVONNE #1-19, October 19 2021 19 1S 2W N2SWSENE API: 01926459 Lat: 34.45725208382815, Long: -97.44309905896255 JUDD BILLY INVESTMENT CO INC SH, DR, 1999 ft, HOXBAR(1000), TATUMS(1130), DEESE(1250), DORNICK HILLS(1950) Lincoln County RUSSELL #1, October 19 2021 12 15N 2E CNENE API: 08123410 Lat: 35.787713902491596, Long: -97.04565560570232 BENSON OPERATING LLC SH, RC, 5040 ft, SKINNER UP(4400), …
More radioactive oilfield waste disposal options in North Dakota
Those Oklahoma energy firms carrying out oil and gas exploration in North Dakota’s Bakken might soon have a disposal well to rid of radioactive waste in the state. The North Dakota Industrial Commission recently approved the creation of a second well in McKenzie County where oil field waste would be mixed with saltwater into …
Phillips 66 Partners declares quarterly cash distribution
Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2021 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis. The quarterly distribution is payable Nov. 12, 2021, to unitholders of record as of Oct. 29, 2021. Headquartered in Houston, Phillips …