U.S. natural gas prices likely to remain elevated through the winter. That’s the headline in the announcement from the U.S. Energy Information Administration and for natural gas users in Oklahoma and other states where the winter will be cold as usual, it isn’t the best of news. In short, if you use natural gas …
Category: Oil & Gas
ONE Gas sees emissions reduction by 2025
ONE Gas released its 2021 Environmental, Social and Governance (ESG) report, one that projects a 41% reduction in the firm’s CO2 emissions by 2025. It outlines the company’s progress toward its commitment to helping achieve a cleaner energy future, while fostering a safe and inclusive workplace built on a solid foundation of core values. “We are confident …
North Dakota oil production increased slightly in August
Crude oil production in North Dakota saw only a 2.8% increase from July to August according to some of the newest data released by the state’s Oil and Gas Division. The Bismarck Tribune reported the oil output for August was 1.107 million barrels a day. Click here for Bismarck Tribune article.
New Mexico fines company $90,000 for late report on fire
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 …
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 …