The U.S. rig count rose by seven in the last week to 766 as of March 16, according to Enverus Rig Analytics. Activity levels are up 5% in the last month and 64% in the last year. The count was as high as 768 in the last week compared to a peak of 759 …
Category: General
Devon Energy pledges $20 million in humanitarian aid in Ukraine
With the number of refugees fleeing Ukraine amidst its war with Russia reaching into the millions, Oklahoma’s Devon Energy announced a pledge of up to $20 million to support humanitarian efforts. The oil and gas company stated the money will be split among several organizations providing emergency medical care, food supplies, financial support and …
Crude oil settled back above $100 while OK energy stocks jumped
Worries about anticipated crude oil supplies caused by sanctions on Russia resulted in a price rebound on Thursday as crude rose 8% and finished above $100 a barrel. Oklahoma energy stocks rebounded as well with some seeing gains of more than 10%. West Texas Intermediate crude for April delivery went up $7.94 and closed …
Northern Colorado county loses fight with EPA
Efforts by Weld County in Colorado, the state’s most prolific oil and gas producer, to delay steps to reduce pollution on Colorado’s Front Range were turned aside this week by a federal appeals court. Weld County had requested the court to pause the EPA’s decision that required all of the northern county to strengthen …
Slight decrease seen in Oklahoma gasoline prices
The drop in crude oil prices to under $100 a barrel resulted in slightly lower gasoline prices across Oklahoma and most of the U.S. The national average as of Thursday fell three cents over the past week to $4.28 while in Oklahoma the average dropped the same amount to $3.82 according to the American …
Shareholders meeting set for Williams
Williams in Tulsa is getting ready for its annual shareholders meeting set to be held late in April. In a proxy statement filing with the Securities and Exchange Commission, the company said the meeting will be “virtual” and not in person at 2 p.m. Central Daylight Time on April 26. Three main issues will …
Corporation Commission to begin electronic filing March 21
No doubt, there is a lot of celebration happening this week by energy companies in Oklahoma as state regulators are about to launch an electronic filing system in the state. Or at least by their attorneys. The Corporation Commission plans to begin the ECF on Monday, March 21 and is asking companies that file cases …
ONE Gas in search of more investors
ONE Gas, Inc. executives say they will participate in the Sidoti Spring Small Cap Conference, which will be held virtually on Wednesday, March 23, 2022. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial officer, and Curtis Dinan, senior vice president and chief operating officer, will …
Biden’s social cost of carbon plan revived by Appeals Court
A federal judge’s injunction against the Biden administration’s social cost of carbon was stayed this week by the 5th Circuit Court of Appeals in New Orleans. The decision allows the government to reinstate its metric used to measure the climate impacts of rulemakings and projects reported POLITICO. The original ruling came in a lawsuit …
Texas fires warning to firms over anti-oil and gas investments
Texas leaders are standing up to financial firms that have either divested from oil and gas companies or are urging others to do the same. The Texas Tribune reported that State Comptroller Glenn Hegar notified 19 firms this week they could be violating a new Texas law prohibiting companies from “boycotting” fossil fuel companies. …