The Department of Energy’s recent awarding of funding to the University of Oklahoma for a geothermal project drew the praise of Oklahoma congressman Frank Lucas. He is the ranking Republican on the House Science, Space and Technology Committee and took note of the $1.7 million grant to OU to establish new geothermal energy and …
Category: General
Big gains for crude oil and Oklahoma energy stocks on Friday
Crude oil prices finished the trading week on Friday with another big gain as U.S. crude settled close to the $84 mark. It also proved to be a healthy trading day for Oklahoma energy stocks. West Texas Intermediate crude oil for February delivery rose $1.70 or more than 2% to finish at $83.82 a …
Baker Hughes reports increased rig numbers in U.S.
The latest rig activity report from Baker Hughes showed an increase of 13 rigs in the past over the prior week, bringing the nation’s total to 601 oil and gas rigs. Oklahoma’s count was unchanged at 49, far more than the 17 rigs reported in the state one year ago. Nationally, the oil rig …
Financial report dates set by HollyFrontier and Energy Transfer
Upcoming quarterly finance report release dates were announced by HollyFrontier Corporation and Energy Transfer LP. HollyFrontier Corporation plans to announce results for its quarter ending December 31, 2021 on February 23, 2022, before the opening of trading on the NYSE. The company has scheduled a webcast conference on February 23, 2022 at 8:30 a.m. …
Other energy headlines on Monday
** Texas U.S. Senator Ted Cruz’s most serious campaign on Capitol Hill this year—passage of a bill enacting sanctions on entities working on Nord Stream 2—ended with a failed messaging vote. After leaving the vote open for nearly seven hours, the legislation was rejected Thursday, 55-44, with a handful of Democrats joining Republicans in support. …
Denver-based oil rights company withdraws IPO
Denver’s Desert Peak Minerals has withdrawn an Initial Public Offering and instead is merging with rival Falcon Minerals in a $1.9 billion deal. The merger will create a company with a strong presence in the Permian Basin and the Eagle Ford reported NS Energy. Click here for NS Energy
Promotions announced at Continental Resources
Continental Resources, Inc. announced the promotions of two of the company’s key leaders. Shelly Lambertz has been promoted to Executive Vice President, Chief Culture and Administrative Officer. John Hart has been promoted to Chief Financial Officer and Executive Vice President of Strategic Planning. “Shelly and John have made substantial contributions to the development of our people …
Crude oil and OK energy stocks slipped in Thursday’s trading
Crude oil prices fell in Thursday’s trading but remained above the $82 a barrel level in the U.S. and higher than $84 overseas. At the same time, Oklahoma energy stocks had a weak day in trading. West Texas Intermediate crude for February delivery slipped 52 cents to finish at $82.12 a barrel in trading …
Cushing crude oil supplies slip again
After rebounding with an increase of crude oil in late December, the amount of crude held in storage at the Cushing hub fell again as of January 7 reported the federal government. A report from the U.S. Energy Information Administration showed the amount of crude stored in Cushing fell to 34,838,000 barrels of oil. …
House science committee Republicans angered a NASA bill was hijacked by Dems
House Science, Space, and Technology Committee Ranking Member Frank Lucas was joined by Space & Aeronautics Subcommittee Ranking Member Brian Babin and Rep. Young Kim in criticizing House Democratic leadership for stripping bipartisan NASA policy from H.R. 5746 and replacing it with legislation to attempt to seize control of elections from states. “The majority has taken a …