The latest rig report from Baker Hughes showed Oklahoma’s count slipped by one to 64 while nationally, the count gained one to reach a total of 765. Baker Hughes reported Oklahoma’s count of 64 compared to 40 a year ago. Nationally, the count included a gain of two oil rigs for a total of …
Category: General
Appeals Court supports Devon Energy in pipeline explosion lawsuit settlement
The Denver Federal Court of Appeals upheld an Oklahoma City Federal Judge’s ruling in favor of Devon Energy which had been sued over an agreement settling compensation for two workers hurt in a 2018 gas-line explosion. Devon had been involved in a compensation issue with the two injured workers for Line Finders, an excavation …
Denver appeals court to decide on drilling around New Mexico’s Chaco Region
The Denver Federal Appeals Court heard a challenge to allowing more oil and gas exploration around the historic Greater Chaco Region of northwest New Mexico. Arguments before the U.S. Court of Appeals for the 10th Circuit focused on more than 370 drilling permits granted by the Biden administration reported WildEarth Guardians. Click here for …
Study shows most firms don’t link CEO salaries to emissions cuts
In a recent study conducted by the environmental group As You Sow, Oklahoma City’s Devon Energy didn’t fare well, getting a grade of D+. On the other hand, so did a lot of other energy and manufacturing companies. Forty-six of them in fact. So Devon wasn’t alone. The study focused on pay disclosures of …
Other energy headlines
** President Joe Biden’s administration said Venezuela freed seven detained Americans, including several oil executives and a former US Marine, in a swap involving two imprisoned members of Venezuelan leader Nicolas Maduro’s family. ** Toyota Motor Corp President Akio Toyoda said California’s new zero-emission requirements that seek to end sales of new gasoline-only vehicles by 2035 …
New chair named to run Arkansas Public Service Commission
The governor of Arkansas has appointed an administrative law judge to take over as chair of the Arkansas Public Service Commission, replacing Ted Thomas who is retiring. Click here for Arkansas Business
SEC’s climate control plan targeted by Rep. Lucas
Oklahoma Congressman Frank Lucas wants to make sure farmers don’t fall under the growing climate-control grasp of the U.S. Securities and Exchange Commission. He says the latest SEC proposal is another example of an “an encroaching and overreaching Biden Administration.” Lucas introduced the Protest Farmers from the SEC Act in light of the SEC’s …
Technology advances lead to record new well productivity in Permian Basin
Data source: Enverus The Permian Basin in western Texas and eastern New Mexico is one of the world’s most prolific unconventional oil- and natural gas-producing regions. It’s an area where some of Oklahoma’s major oil and gas exploration firms are active and some are considered to be among the top producers in the region. A recent …
Executives say Biden’s trying to kill the oil and gas industry
A recent Dallas Fed Energy Survey included comments from oil and gas executives who contend the Biden administration is intent on destroying the oil and gas industry. Click here for Hart Energy
Crude oil prices dropped Thursday and OK energy stocks did the same
After rising above $90 a barrel in Thursday’s trading, crude oil prices finally settled lower as traders worried about the recession and what possible OPEC+ output cuts next week might do to the economy. Oklahoma energy stocks had a bad day as most recorded losses. West Texas Intermediate crude for November delivery fell 92 cents …