New Mexico regulators fined Enterprise Field Services $90,000 for failing to report a fire and condensate spill at a Permian Basin facility. The Energy, Minerals and Natural Resources Department’s Oil Conservation Division announced that it has settled a notice of violation issued to Enterprise Field Services, LLC of Houston, Texas for failing to give timely notice and …
Category: Oil & Gas
Enverus—US rig count grew 5% in past month
The U.S. rig count increased by 10 in the last week to a total of 632 as of Oct. 13, according to Enverus Rig Analytics, after reaching a YTD high of 639 earlier in the week. The count is up almost 5% in the last month and up 95% in the last year. The …
Headlines of other energy stories
** The White House has asked energy companies to help lower fuel prices amid a worldwide rise in energy costs, Reuters reported. Oil and gas companies have spoken with the White House in the preceding days regarding the request, two sources familiar with the matter told Reuters. ** The U.S. Department of Energy (DOE) awarded a contract to a …
Oil and Gas Expo to draw thousands
An estimated crowd of 3,800 is expected on hand Thursday for the annual Oklahoma Oil & Gas Expo in Oklahoma City. Nearly 200 exhibitors will be part of the event at the Bennett Center on the State Fairgrounds. The expo, sponsored by the Sustaining Oklahoma’s Energy Resources division of the Oklahoma Energy Resources Board, …
Crude oil prices slip and OK energy stocks suffer
Crude oil prices slipped in Wednesday’s trading but in the U.S., prices still remained above $80 a barrel while overseas they stayed at more than $83. Some Oklahoma energy stocks recorded losses as much as 8%. West Texas Intermediate crude for November delivery dropped 20 cents or 0.3% to $80.44 while global benchmark Brent …
Stitt uses energy industry leadership for campaign fundraising
Oklahoma Gov. Kevin Stitt launched his re-election campaign fundraising this week with a focus on the harm the Biden administration has caused to the country’s oil and gas industry and Oklahoma’s energy leadership. In a fund-raising letter, Stitt started by saying, “When I saw President Biden begging the OPEC cartel to produce more oil, …
More drilling in Oklahoma
The latest permits to drill in Oklahoma indicate there’ll be more rigs set up in Grady, Hughes and Roger Mills Counties. Continental Resources Inc. will continue its drilling in Grady County with two wells, SILVER STRATTON #4-6-31-30XHW, and the SILVER STRATTON #3-6-31-30XHW on a single pad at 04 4N 5W, a site about 3 miles …
More energy stories in brief
** State and utility officials in Iowa and North Dakota tell customers to brace for soaring heating bills this winter due to global supply and demand issues. ** Exxon Mobil Corp said that a vote to remove the United Steelworkers union from representing locked-out workers at its Beaumont, Texas, refinery would go forward no matter the outcome of a contract …
Kansas Gas seeks $105 million penalties on natural gas providers
Kansas Gas Service, the subsidiary of ONE Gas based in Tulsa is attempting to reach a deal to recover $100 million from its large customers who didn’t provide enough natural gas during the historic February winter storm. The Kansas Reflector reported a settlement plan was filed last week with Kansas regulators by Kansas Gas …
Low-carbon hydrogen development pushed by Phillips 66
Phillips 66 announced this week it is partnering with Plug Power Inc. to develop low-carbon hydrogen businesses. The announcement followed Phillips 66’s declaration last month that it intended to cut greenhouse gas emissions. Click here for Reuters report.
