Just as Oklahoma prepares on Nov. 1 to join the list of states banning investments with ESG promoting companies like BlackRock Inc., the company’s leader defends the firm’s actions against some oil and gas funding. BlackRock Chief Executive Officer Larry Fink, speaking at the Institute of International Finance annual membership meeting on Wednesday, claimed he …
Category: Oil & Gas
Cushing hub sees continued growth in crude oil in storage
U.S. commercial crude oil inventories decreased by 1.4 million barrels from the previous week while the amount of crude oil in storage at the Cushing hub in Oklahoma grew by 300,000 barrels. The U.S. Energy Information Administration reported that as of September 30, the most recent week for available figures, the Cushing hub held …
Energy headlines
** While President Biden on Wednesday afternoon formally announced the designation of Camp Hale, Colo., as a national monument, Colorado members of Congress have also called on Biden to issue a Federal Lands Policy and Management Act mineral withdrawal for the site, which would bar new mining and oil and gas leasing in the area. ** U.S. dry …
Oilfield overtime case heard by Supreme Court
A case brought by Helix Energy Solutions Group of Houston challenging the way overtime regulations are applied went before the U.S. Supreme Court this week. The case in question concerned an oil rig supervisor who was paid a daily rate but earned more than $200,000 a year, according to Reuters. It also evoked questions …
Gov. Stitt links opponent to Biden’s anti-oil-and-gas policies
As he campaigns for re-election, Oklahoma Gov. Kevin Stitt tries to link Democratic opponent Joy Hofmeister to the energy policies of the anti-oil-and-gas administration of President Biden. He’s even launched a new TV ad making the attack claim. Click here for McCarville Report
6,000 barrels of oil a day from Ovintiv’s latest multi-well site
A new completion report filed this week by Ovintiv Inc. showed a fourth well apparently drilled on a single pad in Kingfisher County, bringing the total production to nearly 6,000 barrels of oil a day from the site. The company filed the report on the Winters 1709 2h-31xx, located at 18 17N 9W, the same STACK site …
Chesapeake leaders make sales of company stocks
Filings with the Securities and Exchange Commission reveal some sales of shares by Chesapeake Energy leaders. CEO and President Domenic Dell’Osso Jr. made sale of $241,210 in shares on Tuesday, October 11 according to one filing. The sale involved a total of 2,497 shares sold at $96.60 each. A Form 4 filed by the …
“NOPEC” support grows while Rep. Mullin criticizes White House
After OPEC+’s announcement to cut crude oil production by 2 million barrels a day, it not only angered President Biden and his Democratic followers, but prompted Oklahoma Congressman Markwayne Mullin and other Republicans to urge the White House to correct its war on U.S. oil and gas. He joined Rep. Steve Scalise, R-La., and …
Oil and gas money to fund Biden’s latest project
As much as he wants to eliminate oil and gas production in the U.S., President Biden apparently has no qualms about taking its money to run his government projects. The latest example is in Colorado, where on Wednesday, the President announced the formal creation of the Camp Hale-Continental Divide National Monument—one dedicated to the …
Crude oil prices and OK energy stocks fell for 3rd day
For a third straight day in the trading week, oil futures dropped as worries about rising interest rates and a recession continued fueling the concern of investors. Oklahoma energy stocks had the same kind of day. West Texas Intermediate crude for November delivery suffered a drop of $2.08 per barrel or 2.33% to settle …