The latest data supplied by Texas-based Enverus Rig Analytics reveals the U.S. rig count tumbled for the second week in a row. As of May 26, 2021, the total U.S. rig count is 511, down by nine for the week. The largest month-over-month decline by region occurred in the Appalachian region, falling by four to …
Oklahoma City-based BCE-Mach III LLC recently inked an agreement to purchase producing properties in Western and Southern Oklahoma and the Texas Panhandle from Cimarex Energy. The acquisition also includes two gas gathering and processing assets located in Southern Oklahoma. The transaction is expected to close in June 2021, according to a company press release. BCE-Mach …
Known as an attorney general who stood up for Oklahoma’s oil and gas industry, Mike Hunter is leaving office in a move that stunned the state capitol on Wednesday. Less than two weeks after he joined 18 other state attorneys general in urging President Biden to support additional energy infrastructure including the Keystone XL …
** A Louisiana natural gas well explodes, injuring four, following an oil well blowout. ** President Biden plans to rely on ally countries to supply the bulk of the metals needed to build electric vehicles while focusing on processing the materials into battery parts domestically. ** Michigan lawmakers consider a preemptive ban on local ordinances that limit the use of natural …
A switch of leadership was revealed this week as ONE Gas President and CEO Pierce H. Norton II announced his retirement from the company and intentions to become the leader of ONEOK Inc. where President and CEO Terry K. Spencer announced his retirement after 20 years with the company. Spencer will remain in his …
Crude oil prices were far from energetic in Tuesday’s trading as U.S. benchmark crude rose only a few cents while overseas prices managed a slight increase. West Texas Intermediate crude for July delivery rose 2 cents to reach $66.07 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for …
If you’re hitting the road this weekend, you’ll likely face the highest Memorial day weekend gas prices since 2014. Oklahoma’s average is at $2.75 a gallon compared to the nationwide average of $3.03 a gallon according to Jeanette McGee, a spokeswoman with AAA. “AAA expects 37 million Americans to travel, mostly by car and …
Tuesday was the deadline for questions and comments to be submitted at the Oklahoma Corporation Commission’s June 8 Petroleum Storage Tank Division industry roundtable meeting. The meeting, set for that Tuesday at 2 p.m. is part of the PSTD’s annual summer time review of its rules. Division leaders say they want to be more …
** Mexico said Monday it will buy Shell’s 50% share in the jointly owned Deer Park refinery near Houston for about $600 million. ** Enbridge Inc. along with its two partners in a consortium has put forward a non-binding offer for the largest natural gas import pipeline in Brazil, per Reuters. ** U.S. Commerce Secretary Gina Raimondo said on …
The state of Colorado might have the nation’s strongest set back rule for oil and gas drilling, but many in the state are still disappointed that drilling has continued close to their homes and businesses. Under the new law, a well site has to be at least 2,000 feet from homes and schools but …
