A spill of more than 2,000 barrels of “produced” water from oil production has spread into the Quivira National Wildlife Refuge in central Kansas. The spill was discovered Tuesday afternoon by the U.S. Fish and Wildlife Service which manages the refuge that is located east of Great Bend. The spill came from oil production …
Category: Oil & Gas
Lawsuits filed in Kansas over 2021 Winter storm natural gas prices
The Winter Storm Uri of 2021 and its disastrous impact on natural gas customers in Oklahoma and other states led this week to the filing of two class action lawsuits in Kansas. Named as defendants are some well known companies,some of which have been sued in similar claims. BP Energy, the same firm that …
SandRidge faced with executive resignation
SandRidge Energy Executive Vice President and Chief Financial Officer Salah Gamoudi is leaving the company. He notified the board of directors of his resignation to be effective September 27 “to pursue other opportunities,” according to a company announcement. “Mr. Gamoudi is not resigning from the Company as a result of any disagreement with the Company …
ONEOK makes executive shuffle before anticipated merger with Magellan Midstream
ONEOK’s preparing for possible shareholder approval of its nearly $19 billion merger with Magellan Midstream Partners by announcing some executive officer changes. Kevin L. Burdick will become Executive Vice President, Chief Enterprise Services Officer and Sheridan C. Swords will become Executive Vice President, Liquids and Gathering & Processing. Each will report directly to Pierce …
Vital Energy expands Permian Basin holdings in $1.1 billion acquisitions
Tulsa’s Vital Energy Inc. just increased the scale of its operations in the Permian Basin with three separate acquisitions totaling thousands of acres in a deal worth $1.165 billion. The acquisitions were in the Midland and Delaware basins and involved Vital Energy’s purchase from Henry Resources, LLC, Maple Energy Holdings, LLC and Tall City …
Market guru says Biden’s playing with fire in sale of oil reserves
The Biden administration’s plan to possibly sell more oil from the nation’s Strategic Petroleum Reserve not only is questioned by some lawmakers but by a man considered to be a market guru—Larry McDonald. He contends the U.S. is “playing with fire” and said so after reports surfaced this week that the President is considering …
Energy headlines
** United Auto Workers President Shawn Fain said Wednesday that offers from the companies aren’t enough and the union is getting ready to strike. In an online address to union members, Fain said General Motors, Ford and Stellantis have raised their initial wage offers, but have rejected some of the union’s other demands. ** Top White …
While Cushing crude oil stocks fell, US stocks gained
Crude oil prices fell Wednesday as stocks in the U.S. increased in the past week, reported the government. But not in the Cushing hub in Oklahoma. The U.S. Energy Information Administration recorded a gain of 4 million barrels since September 1. The total in storage was 420.6 million as of September 8, up from …
EIA reports shallower wells are drilled in Permian Basin due to rising costs
Permian operators are drilling shorter wells, blunting the effects of rising costs of oil and natural gas production, reports the U.S. Energy Information Administration. Shorter wells help mitigate higher prices for inputs such as iron and steel tubing. In particular, these operators are moving away from drilling deep wells, which take longer to drill …
Increase in US crude supplies sent oil prices downward on Wednesday
After hitting a 10-month high, crude oil prices dropped in Wednesday’s trading, largely because of a surprise increase in U.S. crude inventories. US Benchmark West Texas Intermediate crude fell 32 cents and settled at $88.52 after hitting a session high of $89.64 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude slipped …