The release of hydrogen sulfide that killed two workers Thursday at the Pemex petroleum refinery in Deer Park, Texas has come under investigation by a federal agency. The U.S. Chemical Safety and Hazard Investigation Board said it had launched an investigation. Two contract workers died in the incident and another 13 others were transported …
Category: Oil & Gas
Rig counts in Oklahoma and US bounced back in past week
(REUTERS/Nick Oxford/File Photo) Oklahoma gained back an oil and gas drilling unit in the past week to record a total of 41 active rigs, according to the latest Baker Hughes Co. rig count released on Friday. The 41 compared to 37 rigs reported a year earlier. It also helped increase the nation’s rig count …
Ovintiv Inc. to release 3Q earnings in early November
Investors in Denver-based Ovintiv Inc. will learn early next month whether the company topped the $340 million in net earnings it recorded in the previous quarter. The energy firm plans to release the report after the close of the market on Thursday, Nov. 7 and follow it with a conference call the next …
Federal Bank survey shows fall in energy activity in Oklahoma and others that make up the Tenth District
It’s not the kind of news the oil and gas industry wants to read, but the Federal Reserve Bank of Kansas City released the third quarter Energy Survey showing a decline in energy activity in the Tenth District that includes Oklahoma. “District drilling and business activity posted a decline for the seventh consecutive quarter …
Energy briefs
** Hurricane Helene flooding could push Appalachia utilities to rethink the region’s power grid, described by one official as a “really far-flung set of distribution lines going up into the hills and serving different communities.” ** Vice President Kamala Harris criticizes Donald Trump for attacking the federal response to Hurricanes Helene and Milton, suggesting he’s trying …
New Mexico’s governor wants to take educational advantage of oil and gas money
New Mexico Gov. Michelle Lujan Grisham has been critical of her state’s oil and gas industry at times, but not when she was part of a panel at the New Mexico Oil and Gas Association’s recent annual meeting. Instead, she used the occasion to stress the importance of educational development in New Mexico, something …
What if Israel attacks Iran’s oil industry? Peter Zeihan’s take
Global geopolitical observer Peter Zeihan has a take on what might happen should Israel attack Iran’s oil sector in retaliation to Iran’s missile attack. He suggests that since Iran’s oil exports hover around 1 million barrels a day, should Iraq attack, it would likely mean a $10-15 increase per barrel. “Not a global catastrophe, …
Crude oil prices rebound after arrival of Hurricane Milton in Florida
Hurricane Milton’s strike on Florida sent crude oil prices up nearly 4% on Thursday while at the same time worries grew about Middle East oil supplies. The day’s trading also saw many Oklahoma energy stocks recording losses for the day. Investors and analysts say there is still major concerns that demand for energy might grow …
Hurricane forces Empire Petroleum to extend rights offering
Hoping to raise nearly $10 million, leaders at Tulsa’s Empire Petroleum Corporation have extended their deadline to Oct. 24 in a right offering to stockholders. The decision, in part, was the number of requests by company stockholders as a result of the recent disruption caused by Hurricane Milton. They explained the extension was …
A stalled oil rail line and a Colorado billionaire’s ties to a US Supreme Court Justice
Mention the name Phillip Anschutz in Oklahoma and some residents might remember when the billionaire from Colorado once upon a time bought The Oklahoman newspaper then sold it. Mention his name in other circles and his name is brought up in connection with a fight for approval of an 88-mile rail line designed …