Whiting Petroleum in Colorado said this week it has wrapped up its previously-announced acquisition of leasehold interests and related assets in the Williston Basin of North Dakota. The company also stated that it concluded the divestiture of its Redtail leasehold interests including associated midstream assets in the Denver-Julesburg Basin of Colorado. The transactions had …
Category: Oil & Gas
AAA raises the question whether it is time to learn about electric vehicles?
AAA Oklahoma speculates that pick-up truck-loving Oklahomans might be more interested than ever to learn about electric vehicles after this week’s announcement by Ford Motor Co. of an $11 billion investment in a new assembly plant for all-electric F-Series trucks and three electric battery plants. The automobile safety group encouraged Oklahomans to learn more about electrical vehicles …
Report claims conflicts of interest among Texas oil and gas regulators
Just as conflict of interest allegations were raised in the form of a State Supreme Court lawsuit against Oklahoma Corporation Commissioner Todd Hiett, similar claims are being raised against Texas oil and gas regulators. And it all may be perfectly legal according to a report written by money-in-politics watchdog group Texans for Public Justice …
ONE Gas execs to hold virtual meeting with investors
Leaders of ONE Gas plan two days of virtual meetings with investors this week. On September 29 and 30, Sid McAnnally, president and chief executive officer along with Caron Lawhorn, senior vice president and chief financial officer and Curtis Dinan, senior vice president and chief operating officer will conduct the series of virtual meetings. …
DJ Basin report details falling energy production
A new report is out detailing the fall in oil and gas production in Colorado’s DJ Basin. Oil and Gas Shale Market Analysis and Outlook to 2025 offers a review of the oil and gas appraisal and development in the shale play against the backdrop of COVID-19 pandemic. The DJ Basin, located in Colorado …
US natural gas prices increase due to high demand in Asia and Europe
While Oklahoma and other Midwestern states have seen slightly increased temperatures in recent weeks, U.S. natural gas futures rose more than 2% to a seven-year high this week. Record global gas prices are credited as the demand for U.S. liquefied natural gas (LNG) exports continued to be strong. The demand is due to low …
Crude prices weaken but remain strong while Oklahoma energy stocks give up gains
Crude oil prices took slight dips in trading in Tuesday after Brent oil topped $80 per barrel for the first time in nearly three years. Oklahoma energy stocks had a weak day as well. Considered a global benchmark, Brent crude slipped 44 cents or 0.6% to $79.09 a barrel after climbing to as high …
Helmerich and Payne, Inc. announces upsize and pricing of $550 million offering of senior notes
Tulsa’s Helmerich & Payne, Inc. announced that it has priced its previously announced private offering of $550 million aggregate principal amount of 2.900% senior notes due 2031. The company had originally announced an offering size of $500 million in aggregate principal amount. The company stated it intends to use the net proceeds from the …
Liberty announces milestone achievement of 24 hours of continuous pumping time
A Denver-based oilfield company announced it had achieved the milestone of 24-hours of continuous plug and perf pumping for Tulsa’s Kaiser-Francis Company and its operations in the Permian Basin. Liberty Oilfield Services said its team had delivered a full 1,440 minutes pumping time with zero non-productive time and was able to attain the premier …
ALLETE Announces Third Partner in Energy Center
ALLETE, Inc, the Minnesota-based energy firm with major wind farm operations in Oklahoma announced this week the $20 million sale of part of its ownership stake in a Wisconsin-based energy center. ALLETE sold part of its share in the planned Nemadji Trail Energy Center to North Dakota-based Basin Electric Power Cooperative. ALLETE will …