The latest figures show North Dakota’s crude oil production grew by 2% in March leading to optimism that there will be increased production throughout the summer. North Dakota State Mineral Resources Director Lynn Helms reported the daily oil output increased to 1.108 million barrels a day in March according to the Associated Press. Click …
Category: Oil & Gas
Forced carpooling a possibility in Colorado
If Colorado intends to meet its goals of greenhouse gas and ozone reductions, then commuters might be forced to carpool—especially those who drive alone in their cars and trucks to work. It’s the indication of rules drawn up by state air pollution control staff reported the Colorado Sun. The paper says businesses with more …
Rig numbers increased in Oklahoma and US
The latest figures available from the Baker Hughes Co. show Oklahoma’s rig activity grew in the past week as did the U.S. count. Oklahoma increased its rig count by one to 22, far more than the 12 rigs reported active one year ago. Nationally, Baker Hughes reported an increase of 5 to 453 rigs …
Court won’t suspend Dakota Access Pipeline case
A U.S. appeals court denied a request from operators of the Dakota Access oil pipeline to freeze the company’s case while it seeks a Supreme Court review in its battle to keep the line open. Click here for Reuters story.
House Republicans urge Biden to fortify American energy security in wake of Colonial pipeline cyberattack
Oklahoma U.S. Reps were among GOP leaders urging the Biden Administration to oppose energy policies that restrict the construction of more American pipeline capacity and undermine the nation’s energy security following the cybersecurity attack on the Colonial Pipeline Company. Oklahoma Reps. Frank Lucas, Tom Cole, Markwayne Mullin, Kevin Hern and Stephanie Bice were among …
Colorado appeals court upholds Crestone’s right to drill in eastern Boulder County
Residents fighting proposed oil and gas drilling near Boulder, Colorado lost a round in court this past week when the Colorado Court of Appeals upheld a lower court ruling that allows Crestone Peak Resources to continue with fracking plans. According to the court’s opinion, the county’s appeal centers on one question: What constitutes …
Continental Resources CEO: not much impact from Colonial yet
Continental Resources CEO Bill Berry says the fallout from the Colonial pipeline attack hasn’t significantly impacted the company yet but there is some impact from labor shortages. He speaks with Bloomberg’s Alix Steel and Guy Johnson on “Bloomberg Markets.” Click here for Bloomberg report.
Tough 1Q earnings for Cypress Environmental
“The operating results for the quarter were both disappointing and unacceptable.” Cypress Environmental Partners, LP Chairman, President and CEO Peter C. Boylan III was blunt about his assessment of the company’s financial earnings report for the three months ended March 31, 2021. The company managed to reduce its debt by $20.2 million in the …
Oil rebounded on Friday along with Oklahoma energy stocks
Crude oil prices made a big rebound in Friday’s trading with US prices settling above the $65 a barrel mark while European prices approached $69. West Texas Intermediate crude for June delivery rose $1.55 to settle at $65.37 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for …
Energy news in brief
** The company that operates America’s biggest fuel pipeline has reportedly paid a ransom of nearly $5m (£3.5m) to hackers who shut down the facility last week triggering fuel shortages and price hikes across the East Coast. Colonial Pipeline paid the extortion fee on Friday, Bloomberg reported, despite reports that it had no plans to do so …