Run out of oil soon in the U.S.? Don’t believe it predicts Tom Pyle, president of the Institute for Energy Research (IER), a free market think tank focusing on energy. The IER is out with its 2024 North American Energy Inventory and it shows North America has 1.66 trillion barrels of recoverable resources and the …
Scientists looking into the earthquakes in the Permian Basin of west Texas and southeast New Mexico and their connections to oil and gas drilling say they believe the area of seismic activity is growing. It seems to be migrating in a northeasterly direction and at least one researcher believes it will lead to stronger …
As the fiscal year is about to end for state government agencies, the Oklahoma Corporation Commission reports its funding for the state’s expanded abandoned well plugging program is dwindling. The agency recently notified pluggers and others that “unfortunately, both federal and state funds supporting the effort are now at minimum levels for this …
While Oklahoma’s ESG Act is on hold because of a judge’s ruling in a lawsuit challenging the constitutionality of the two-year old law, the state of Arkansas took action this week on its list of financial firms boycotted by the state. The Arkansas ESG Oversight Committee voted recently to keep 10 financial service …
The President and CEO at Empire Petroleum Corporation took on added duties as the result of a recent move by the firm’s board of directors. Michael Morrisett, President and CEO was appointed to also temporarily serve as the Tulsa company’s principal financial officer. The appointment came after the March resignation by Stephen L. …
Mach Natural Resources LP released its first quarterly report this week after the Oklahoma City firm went public last fall. The company, which finished 2023 with $762 million in total revenues and $347 million in net income, reported its first quarter 2024 net income was $42 million and total revenue was $239 while adjusted …
** Demolition experts used explosives Monday to remove part of a collapsed bridge in Baltimore and free a cargo ship that has been trapped since it rammed into the structure in March. ** The White House on Monday gave a Chinese-linked company and its partners 120 days to sell property they had bought near a …
Monday produced an increase in crude oil prices because of increased demand seen in the U.S. and China. It was a turn around from Friday’s trading where crude fell $1 a barrel. West Texas Intermediate gained 86 cents or 1.1% to settle at $79.12 a barrel on the New York Mercantile Exchange. Global benchmark Brent …
A challenge by Oklahoma City’s Continental Resources to the new Environmental Protection Agency rule on methane standards for the oil and gas industry contends the EPA illegally expanded its authority beyond what is authorized. Continental was joined by Oklahoma and Texas and 22 other states in taking on the giant agency used by …
Ten years after SandRidge Energy had nearly 1,900 employees, the Oklahoma City energy company is down to nearly 100 employees. A new yearly filing with the Securities and Exchange Commission by SandRidge showed the firm had 102 full-time employees including 87 in the field and 15 in corporate offices as of December 31, 2023. …
