Crude oil prices experienced a stall in Thursday’s trading as both US and overseas prices dropped a few cents and Oklahoma energy stocks for the most part didn’t have the brightest of trading days. West Texas Intermediate crude for July delivery dropped 2 cents to finish the day at $68.81 a barrel. Global benchmark …
Category: Oil & Gas
Williams and Microsoft work together to forward clean energy transition
Williams signed a Memorandum of Understanding with Microsoft to explore ways to transform one of the nation’s largest energy infrastructure networks through digital technology and innovation while advancing our net zero emissions goals. “Williams shares Microsoft’s vision for a low carbon future. Likewise, Williams is committed to helping our customers achieve their sustainability …
US rig count increases again
The U.S. rig count rose by eight in the last week to 521 as of June 2, according to Enverus Rig Analytics. The count is down 2% on the month, but up 71% YOY. The largest increases by basin occurred in the Permian, where eight rigs were added, bringing the total to 222. The …
Hulsey elected to Petroleum Alliance chairmanship
Continental Resources’ Blu Hulsey has been elected to serve as chairman of The Petroleum Alliance of Oklahoma, the state’s largest trade association representing the oil and natural gas industry and one of the largest statewide oil and natural gas trade associations in the nation. Hulsey’s appointment came following a unanimous vote of The Alliance …
Fort Sill energy center decision delayed to next week
Oklahoma Corporation Commissioners delayed a possible decision this week on a proposed $118 million energy center that Public Service Company of Oklahoma wants to build at Fort Sill. Commissioners Todd Hiett and Dana Murphy expressed doubts Wednesday during a meeting whether the center would survive Oklahoma Supreme Court legal review. “I respectfully disagree …
How a cyberattack brought about a change of heart
The recent cyberattack on Colonial Pipeline, one of the largest pipelines in the U.S. brought the seriousness of the issue to the attention of energy companies nationwide. Only now are some of them awakening to what could happen. A report by the newsletter Truthout, showed how even the American Petroleum Institute has changed its political …
Energy news in brief
** The world’s coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity, research published on Thursday showed, putting targets for slowing global climate change at risk. ** Foxconn plans to announce within the next month whether it will assemble hundreds of thousands of electric vehicles at a new …
Abandoned wells lead to lawsuit
New Mexico filed suit against a Texas oil and gas company over abandoned well operations just north of the Permian Basin in southeast New Mexico. Northstar Operating Company based in Midland, Texas and its two well operators Cano Petro and Cross Border Resources were sued by the State Land Office according to a report …
Oklahoma energy firms cited in GHG emissions report
A handful of Oklahoma energy companies were among some of the top firms cited in a first-of-its-kind report detailing methane, carbon dioxide and nitrous oxide emissions. The Benchmarking Methane and other GHG Emissions of Oil and Natural Gas Production in the United States report by Ceres and the Clean Air Task Force showed the emissions …
Crude oil hits $71
Crude oil prices made another big stride in Wednesday’s trading as they hit $71 overseas and nearly $69 in the U.S. Global benchmark Brent crude for August delivery went up $1.10 to reach $71.35 a barrel in ICE Futures Europe. West Texas Intermediate crude oil for July deliver rose $1.11 to hit $68.83 a …