The comments of ConocoPhillips Co. CEO Ryan Lance were far from optimistic this week when it comes to the immediate future of the oil and gas industry. Speaking at the Houston Producers Forum, he warned of looming crude oil shortages and price volatility reported Hart Energy. Click here for Hart Energy
Category: General
Biden targets climate change with more executive orders
President Biden’s latest executive order stopped short of making an emergency declaration about climate change. Speaking Wednesday at the site of a former coal-fired plant in Somerset, Massachusetts, the President announced a package of executive actions and also promised more aggressive efforts in the climate change war. “Since Congress is not acting as it …
Camino Natural Resources brings in new wells next to El Reno
Two Canadian County wells drilled on a single-pad near El Reno resulted in nearly 1,800 barrels of oil a day. Camino Natural Resources LLC based in Denver, Colorado filed completion reports this week on the two wells that were completed in April 2022. Located at 34 12N 7W just a mile south of El Reno …
Quarterly dividend unchanged at ONEOK
ONEOK on Wednesday announced a quarterly dividend of 93.5 cents a share. The board of directors made the declaration and explained it was the same amount of dividend as the previous quarter. The result is an annualized dividend of $3.74 a share. The dividend is payable Aug. 15, 2022, to shareholders of record …
OKC gets nearly $4 million government money for hazardous waste cleanup
The City of Oklahoma City’s Planning Department was awarded a $3.9 million grant from the EPA to help cleanup buildings and sites contaminated by petroleum, hazardous waste and asbestos. The grant is a part of the City’s Brownfields Revolving Loan Fund (RLF) program. A few OKC properties that have benefited from Brownfields funding include the First National …
Drop in gasoline demand sends crude prices down
Crude oil prices retreated Wednesday after the federal government issued a report showing there was lower demand for gasoline in the peak summer driving season. It was seen as yet another sign that consumers feel the impact of higher interest rates as central banks fight inflation. West Texas Intermediate crude for August delivery dropped …
Fighting the heat
Oklahoma consumers were asked this week to take some steps to conserve electricity as the state bakes under record summer temperatures well above 100 degrees. Some utility operators suggest giving your air conditioners a break such as perhaps raising the thermostat. Click here for KOCO News
Private water contractor under fire in Oklahoma
Veolia, the water management company came under an intense spotlight this week by the Oklahoma Watch. The journalism group studied some of Veolia’s contracts to manage public water systems and found some murky water issues. Click here for Oklahoma Watch.
Baker Hughes feels impact of inflation and Russia
Baker Hughes, the well-servicing company with tentacles across Oklahoma, Texas and other oil and gas producing states reported Wednesday a nearly 14% drop in orders in the second quarter of 2022. It’s clear inflation and Russia affected the company. The company released its quarterly financing earnings report showing orders of $5.9 billion for the …
Sale of OGE ratepayer bonds is a done deal
The sale of nearly $1 billion in ratepayer-backed bonds to cover 2021 winter storm costs for Oklahoma Gas and Electric is complete. The utility stated in a filing made Wednesday with the U.S. Securities and Exchange Commission that the sale of $762 million in bonds was completed July 20 by the Oklahoma Development Finance …