The number of active oil and gas rigs in Oklahoma rose by one in the past week to reach 31 according to the latest weekly figures from Baker Hughes Co. Nationally, the trend showed increased activity as the U.S. rig count increased by 5 to reach 508 rigs. The increase included 5 oil rigs …
Category: General
Energy news in brief
** Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people, but the pace of output recovery could be slower than expected because of technical issues including well re-connection, sources familiar with the matter have told Reuters. ** An Australian company’s exploration well likely has tapped into a …
New I-40 interchange opens Friday, gives Yukon new access
Oil and gas operations between Yukon and El Reno received another I-40 interchange on Friday as the Frisco Road project was dedicated and formally opened by the Oklahoma Department of Transportation. Yukon Mayor Shelli Selby and Secretary of Transportation and Oklahoma Transportation Executive Director Tim Gatz joined Yukon City Council members and community members …
Another rebound for oil prices on Friday—can it hold?
Crude oil prices made another big bounce back in Friday’s trading but the question is—can the rebound continue this week? Especially with the arrival of Hurricane Idabel and the shutdown of oil operations in the Gulf of Mexico. Oklahoma energy stocks also had a big day in trading. West Texas Intermediate crude for October …
Ida forces shutdown of Gulf oil and gas operations
At least 90 offshore oil and gas operations in the Gulf of Mexico were shut down ahead of Hurricane Ida as she approached the U.S. More than 1.6 million barrels of oil production were cut by companies on Friday reported Reuters. Click here for Reuters.
Crude oil stumbles after 3-day rally
After a three-day rally, crude oil prices fell in Thursday’s trading, largely because of growing concerns over the increasing COVID-19 cases around the world but also because of worries about Mexico’s oil output that was interrupted by a deadly Gulf fire. The largest fall was by global benchmark Brent crude oil for October delivery which …
Denver oil and gas firm faces possible end to Colorado operations
After fining a Denver oil and gas company nearly $1.8 million for a series of environmental and regulatory violations, the Colorado Oil and Gas Conservation Commission will meet next month to decide whether to allow the firm to continue operations in the state. The hearing set for Sept. 20-21 will concern K.P. Kauffman Co. …
Governor creates New Mexico’s own “30 X 30” conservation plan
New Mexico Gov. Michelle Lujan Grisham extended her state’s conservation efforts this week by signing an executive order to conserve 30% of all lands in the state by 2030. The order, similar to the Biden administration’s “30 by 30” conservation plan will also expand New Mexico’s outdoor access and preserve natural resources. ““I believe …
Growth reported in Midwest manufacturing
A strong pace. It’s how the Federal Reserve Bank of Kansas City describes manufacturing activity in the Tenth District which includes Oklahoma. Chad Wilkerson, vice president and economist at the bank said the August Manufacturing Survey shows strong activity and expectations for future activity remained solid. “Regional factory activity growth remained positive in August,” …
Energy news took a sidetrack on Thursday
It’s kind of hard to get worked up about oil prices, rig activities and wind farms on a day when 11 U.S. Marines and a Navy medic were killed along with an estimated 60 Afghans in Afghanistan in suicide bombings. They were there to help evacuate thousands from Kabul who didn’t want to live …