** Over 100 House Democrats are insisting infrastructure legislation includes enough money to remove all lead pipes in the country. ** The Energy Department plans to push state and local governments to adopt energy efficiency building codes that could dramatically slash greenhouse gas emissions, Secretary Jennifer Granholm announced. ** Solar manufacturers are pressing Biden in a new letter to support inclusion …
Category: Oil & Gas
Oil and gas rig numbers increased in US and Oklahoma
The number of oil and gas rigs exploring for new energy increased in Oklahoma to reach 30 while nationally, the rig count grew by 7 to reach 491. Oklahoma’s count was up one from a week ago and 20 higher than a year ago according to figures provided by Baker Hughes. The U.S. count …
Oil made more gains but Oklahoma energy stocks had a weak showing
Thursday’s trading brought another gain in crude oil prices as they rose nearly $1.50 a barrel in the US and in Europe but the increase didn’t do much for Oklahoma energy stocks. West Texas Intermediate crude for September delivery finished up $1.61 to finish the day at $71.91 a barrel. Global benchmark Brent crude …
Whiting Petroleum divests DJ Basin holdings—acquires others in North Dakota
Denver-based Whiting Petroleum Corporation is not only abandoning its oil and gas exploration in Colorado’s D-J Basin but is divesting its assets there too. At the same time, the company announced this week plans to acquire oil and gas assets in the Williston Basin of North Dakota in a $271 million deal. The …
J.B. Hunt profit shows post COVID shutdown growth
Arkansas based trucking firm J.B. Hunt Transport Services reported this week a 41% second quarter gain from a year ago. The firm had a profit of $172.2 million which beat Wall Street analyst expectations and showed how the trucking industry was flooded with business following the COVID-19 shutdown of the nation. Click here for …
Enable Midstream to release 2Q results in 2 weeks
Oklahoma City-based Enable Midstream Partners, LP will file second quarter 2021 results before market hours Wednesday, Aug. 4. In addition to the Form 10-Q filing, the partnership plans to issue a press release before market hours that day detailing the quarter’s results and recent business highlights. The company reported a $52 million increase in its …
Lag time in reporting well production a problem for data miners
Enverus, the leading global energy data analytics and SaaS technology company, has released a new ranking of states’ performance in terms of data releases.Production data is at the heart of all oil and gas forecasting, valuation analysis and engineeringdesign, but what constitutes useful data depends on the user’s needs. For example, data can be …
Dividend declared by ONEOK
ONEOK’s board of directors declared a quarterly dividend this week of 93.5 cents a share. The dividend is unchanged from the previous quarter. The company’s announcement explained it would amount to an annualized dividend of $3.74 per share. The dividend will be payable Aug. 16, 2021 to shareholders of record at the close of …
Oil production in North Dakota is flat and here’s why—
North Dakota might be considered the second most prolific producer of crude oil in the U.S. but its production is flat thanks to a shortage of workers caused by the coronavirus pandemic in 2020. The state is also home to extensive drilling operations by Oklahoma’s Continental Resources Inc. but reports indicate drillers are faced …
Energy news in brief
** The United States and Germany are expected to announce in coming days a deal resolving their long-standing dispute over Russia’s $11 billion Nord Stream 2 natural gas pipeline, sources familiar with the matter said on Monday. ** Record U.S. Coal Shipment to China Highlights Australia’s Pain. On June 28, the Frontier Unity bulk vessel left the port …