The active U.S. rig count fell by four in the last week to 656 as of Nov. 23, according to Enverus Rig Analytics. The count is up 2% over the last month and 67% in the last year. The largest week-over-week increases occurred in the Gulf Coast, which gained six rigs for a total of …
Category: Oil & Gas
ONE Gas to participate in Mizuho U.S. Utility Summit
ONE Gas, Inc. leaders plan to take part in next week’s Mizuho U.S. Utility Summit. The virtual event will be held Tuesday, Nov. 30, 2021 and will include Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial officer, and Curtis Dinan, senior vice president and chief operating …
Halliburton makes Dow Jones ESG list
Halliburton Company announced it has been named to the Dow Jones Sustainability Index North America, which highlights the top 10% most sustainable companies per industry. The DJSI measures the performance of best-in-class companies selected using environmental, social and governance criteria. “At Halliburton, we embed sustainability into everything we do, and we’re honored the DJSI recognized …
Friday’s energy news headlines
** POLITICO says two Republicans on the Federal Trade Commission are asking the White House for any proof of illegal activity by the oil and gas industry to raise gasoline prices, which Biden asked FTC Chair Lina Khan to investigate last week. Commissioners Noah Phillips and Christine Wilson requested evidence “so that we might consider …
New Mexico Environment Dept releases assessment report
The New Mexico Environment Department released a first-of-its kind performance assessment report that offers the public, stakeholders, and legislators the opportunity to track the Department’s progress in protecting public health and the environment. The new report, developed by NMED’s Office of Strategic Initiatives, is the first installment in reporting on 47 performance measures over five …
Senator calls out Chesapeake Energy and others over natural gas exports
Two Oklahoma companies, Chesapeake Energy and Ascent Resources are among a handful of other energy companies accused by U.S. Sen. Elizabeth Warren of “corporate greed” and exporting record amounts of natural gas while imposing massive price increases on consumers. This week, the Democratic Massachusetts Senator called on energy companies to explain their decisions to …
Ovintiv keeps drilling in STACK
Energy exploration company Ovintiv plans more drilling in a sweet spot it’s found in Kingfisher County where it’s had some major success over the past year. The company received drilling permits for two wells on a site about 3 miles southeast of the city of Kingfisher. The REHERMAN 1607 #2H-25X and the REHERMAN 1607 #3H-25X are located at 05 …
So much for Biden’s move to bring down crude oil prices
If President Biden thought his decision to release 50 million barrels of oil from the nation’s Petroleum Strategic Reserve would have an immediate impact on crude prices…he was right. They went up on Tuesday hours after his announcement. And Oklahoma energy stocks responded in kind with many firms reporting 5 to 8% gains for …
Enviros criticize New Mexico governor’s hydrogen hub plan
New Mexico Gov. Michelle Lujan Grisham’s plan to create a massive Hydrogen Hub in her state isn’t getting good reviews from environmentalists. In fact, they are against the plan, saying it’s a fossil fuel plan reports Capital & Main. Click here for Capital & Main.
EPA flunks Colorado oil hub with new smog rules
Weld County, the most prolific oil-producing county in the state of Colorado was declared out of compliance by the Environmental Protection Agency with the agency’s 2015 ground-level ozone standards. All of the county that is north of Denver next to the state line. E & E News reported the declaration came after a federal …