A series of bills targeting the oil and gas industry in the wake of the Biden administration’s moves to halt drilling on public land and kill the Keystone XL pipeline will go before a House subcommittee this week in Washington. The House Energy and Mineral Resources subcommittee plans hearings on Tuesday on several bills …
A small town in far southeast Kansas has sued BP Energy over the February extreme cold weather and the natural gas prices the company charged. The town of Mulberry accused BP Energy of “unconscionable profiteering” after the company inflated gas prices from $2.98 per mmbtu on Feb. 9 to $329.615 from Feb. 13-16 reported the …
U.S. crude prices rose above $66 a barrel in Friday’s trading and investors and producers will be anxious to see Monday if prices will continue their climb after news that OPEC+ will not lift crude oil production levels beginning in April. On Friday, West Texas Intermediate crude for April delivery soared $2.26 a …
Another major deal was struck Friday in the oil and gas industry as Chevron Corp announced its intentions to buy the shares it already does not own in Noble Midstream Partner LP in a deal worth $1.32 billion. The deal could be closed in the second quarter of the year and means Noble Midstream …
Workers at Continental Resources have known about it since last year but the company recently filed completion reports on two adjacent gas wells in western Oklahoma with combined production of more than 29,000 Mcf. Both wells were in Custer County and at sites located 8 miles north of Weatherford and east of highway 54. …
After nearly 14 months on the board of directors at Devon Energy in Oklahoma City, D. Martin Phillips, a managing partner of the EnCap Investments, L.P. resigned this week. Devon announced the resignation and explaining that it followed a reduction in EnCap’s holdings in Devon. Provisions of a shareholder agreement that permitted EnCap to designate …
Oklahoma’s Cypress Environmental Partners, L.P. made a new credit agreement for up to $75 million of borrowing from Deutsche Bank AG. In a filing this week with the Securities and Exchange Commission, the company said it was an amended agreement originally made in May of 2018. The credit agreement matures May 31, 2022 and …
The weekly Baker Hughes rig count showed an increase of one to 403 in the U.S. over the past week while Oklahoma numbers were unchanged at 17 active oil and gas rigs. The national figures showed an increase of one oil rig to reach a total of 310 while the number of gas was …
Tulsa’s Golden Driller Plaza featuring the famed Tulsa Driller statue is getting a $3 million upgrade. Work began this week and according to the Tulsa World, is the first significant renovation in front of the River Spirit Expo since 1966. Click here for Tulsa World story.
With an economy heavily reliant on the oil and gas produced in the Permian Basin, the state of New Mexico is looking into ways to diversify the source of revenue for its government. Remember when Oklahoma made the same move following the oil bust of the 1980s? A Senate bill calling for creation of …
