Empire Petroleum Corporation’s independent registered public accounting firm mysteriously resigned this week, leaving Empire’s leadership with no public explanation. In a filing with the Securities and Exchange Commission, Empire revealed that Moss Adams resigned as its accounting firm on August 18, 2022. Empire stated that Moss Adams, one of the 14 largest Accounting …
Enverus warns of storm clouds coming for oil prices
A subsidiary of Enverus, the Austin-based company that supplies rig counts every week is warning the oil and gas industry of coming times of lower oil and natural gas prices. The cautionary note came this week from Enverus Intelligence Research which released its latest FundamentalEdge report. “The surging dollar, signs of weakening U.S./Chinese economies …
Occidental Petroleum plans carbon capture project in Texas
The site in Texas hasn’t been revealed but Occidental Petroleum Corp plans construction this fall on its first carbon capture project. Word was revealed this week in Denver where an Occidental leader spoke at the Colorado Oil and Gas Association’s annual summit reported Reuters. Click here for Reuters
Enviros want more restrictions on home furnaces
If more than two dozen environmental groups have their way, the government will put tighter restrictions on climate regulations produced by our home heaters. Homeowners might even be forced to swap out heating and hot water furnaces. A coalition of 26 climate change, public health and environmental justice advocacy groups petitioned the Environmental Protection …
Former Sen. David wins GOP runoff for Corporation Commission
Former State Sen. Kim David won the Republican primary runoff on Tuesday, gathering more than 59% in her victory over former State Rep. Todd Thomsen. With 100% of the state’s precincts reporting last night, the Oklahoma Election Board showed David received 198,752 votes or 59.12% of the 268,529 total votes statewide in the runoff …
Crude prices rose 4% while Oklahoma energy stocks had mild gains
Saudi Arabia’s talk of OPEC+ cuts if the US goes ahead with an Iranian nuclear deal that could clear the way for more Iranian crude to hit the world markets led to a 4% gain in crude prices Tuesday. West Texas Intermediate crude for October delivery went up $3.38 to $93.74 a barrel on …
Oklahoma regulators to meet Thursday
Oklahoma Corporation Commissioners plan a regular meeting Thursday morning. The agenda, as released this week, will consider votes of issues on the 24-hour signing agenda docket. There might be new business but the agenda did not reflect any special issue to be decided. The meeting is scheduled to begin at 9:30 a.m.
Crawley did well in Oklahoma’s Dewey County
Dewey County exploration proved successful for Oklahoma City-based Crawley Petroleum Corporation as it recently reported completion of two wells, one with more than 1,100 barrels oil a day in production. Located at 28 19N 14W , a site about 6 miles northwest of the town of Canton, the Hewitt 2-28mhx was completed in June with production …
Study shows need for improved broadband services
A new study by the Fiber Broadband Association reaffirmed what some Oklahoma leaders have known for years—the growing importance and dependency on an expanded and improved broadband service in the country. Broadband funding improvements have been in the sights of Oklahoma’s congressmen Frank Lucas and Markwayne Mullin. They have long complained that residents in …
Devon joins oil and gas consortium
Oklahoma City’s Devon Energy is one of the latest major firms to join a consortium that helps organizations better manage their records and data. Blockchain for Energy (B4E) announced Devon joined its oil and gas consortium which also supports opportunities for lower carbon energy through collaboration and proactive development of new technologies. “It is my …