A report by Enverus Rig Analytics shows a drop in the U.S. rig count in the past week with growth stalled in the Permian Basin but up in the Anadarko Basin of Oklahoma and the Texas Panhandle. It also reported a big drop in rig activity by Oklahoma City’s Devon Energy. Enverus reported …
The same issue that had the attention of Oklahoma leaders last month—that of monstrous natural gas bills during the winter storm—prompted the Colorado Attorney General this week to ask for a federal investigation. Attorney General Phil Weiser called on the Federal Energy Regulatory Commission to investigate reports that traders booked a $210 million “windfall” …
Houston’s Cheniere Energy Partners, L.P. announced Thursday that about half of its $1.5 billion note offering were tendered as of Wednesday evening. The company said that of the total of 5.250% notes due 2025 offered, $741,572,000 or 49.44% had been tendered as of mid-week. The offering of the total of $1.5 billion in notes …
Oklahoma U.S. Sen. Jim Inhofe made the case for fuel diversity in addressing the nation’s climate change issues in the electricity sector. He did so during a hearing this week by the Senate Environment and Public Works Committee where he once was chairman and now is a senior member. The hearing was entitled : …
Oklahoma Congressman Markwayne Mullin admits he’s concerned the recently unveiled climate plan by Democrats in the House will turn the country’s energy independence into “energy dependence” and because of their power on capitol hill, it will also likely happen. He believes Democrats pushing the Climate Leadership and Environmental Action for our Nation’s Future act …
ConocoPhillips announced that it resumed its share repurchase program at an annualized level of $1.5 billion, a 50% increase compared to the level of repurchases underway in the fourth quarter of 2020 when the program was suspended due to the Concho transaction. “It’s still early in the new year, but commodity prices have strengthened …
Blueknight Energy Partners, L.P. reported a fourth quarter 2020 net loss of more than $29 million but also indicated that since the end of the year, it had managed to slash its company-wide debt by nearly $153 million. The Tulsa firm’s net loss for the quarter was $29.2 million compared to a net income of …
Senator James Lankford (R-OK) joined John Barrasso (R-WY) and a group of 40 senators to send a letter this week criticizing the Biden Administration for failing to follow the law and impose sanctions on entities involved in the Nord Stream II pipeline. The Nord Stream II pipeline would carry natural gas from Russia to Germany via the …
Oklahoma City’s Ascent Resources reported improved fourth quarter earnings while it suffered a net loss of $590 million for 2020. The earnings report released Wednesday show the firm’s fourth quarter net income was $169 million and adjusted net income of $15 million and adjusted EBITDAX of $214 million. It also generated $54 million in …
Crude oil prices had a slight rebound in Wednesday’s trading reaching $64 in the US and nearly $68 overseas after the big plunge on Tuesday. West Texas Intermediate crude for April delivery had a 43 cent increase to $64.44 a barrel. Global benchmark Brent crude for May deliver went up 38 cents and finished the …
