By all indications from the Oklahoma Energy Index, the state’s energy recovery from the effects of the COVID-19 pandemic might take longer than expected—perhaps not until late next year or even until 2022. The Index was released on Friday showing a nearly 37% decline compared to a year ago and a 0.6% drop just …
** President-elect Biden’s pledge to halt new drilling on public lands will face numerous obstacles, including resistance from some Democratic governors reported the Washington Post. ** ConocoPhillips is planning to restart some drilling operations on the North Slope next year according to Alaska Public Media. ** Environmental activist Erin Brockovich slammed president-elect Joe Biden on Thursday for choosing Michael McCabe, a former DuPont …
Considered the pipeline crossroads of the world, the Cushing crude oil tank farm is filling up again close to the levels it reached in May when oil prices not only crashed, but crashed hard. Stockpiles reached 61.6 million barrels as of Nov. 16 which represents about 81% of capacity at the delivery point for West …
Helmerich and Payne’s losses increased to 59 million in the fourth quarter that ended September 30, 2020 which represented 55 cents for diluted share. The company’s third quarter losses were $46 million. The fourth quarter operating revenues for the Tulsa-based company were down to $208 million from the $317 million for the quarter that …
Manufacturing activity in Oklahoma and other states that make up the 10th District of the Federal Reserve Bank of Kansas City continues to grow but only modestly. The November Manufacturing Survey, according to Chad Wilkerson, vice president and economist at the bank showed manufacturing activity is still below levels of a year ago but …
While oil futures fell Thursday apparently because of concerns about new restrictions on growing numbers of COVID-19 cases across the U.S., energy stocks surrendered gains made earlier in the week. Investors apparently are worried the restrictions will only weaken energy demand even more. West Texas Intermediate crude finished down 12 cents at $41.62 per …
As they sat divided by newly-installed plexiglass partitions, Oklahoma Corporation Commissioners on Thursday voted to extend their COVID-19 restrictions and precautions. Two of the commissioners, Bob Anthony and Dana Murphy wore masks as required under this week’s executive order issued by Gov. Kevin Stitt. Commission chairman Todd Hiett did not wear a mask as …
The latest rig count supplied by Enverus, the Austin, Texas-based data analytics firm showed an increase of 11 active rigs nationally in the past week. The report showed a total of 381 oil and gas rigs in operation across the U.S. as of Nov. 18. Enverus stated that the rig count jumped 16% in …
Republican legislators in a Utah legislative committee want to do what Oklahoma did and have voted to make sure the state doesn’t go the way of California by banning natural gas connections to new homes. A bill to prevent such a ban in Utah was approved this week on a straight party-line vote, according …
The Biden transition team has reportedly started the vetting process for New Mexico Democratic Congresswoman Deb Haaland to possibly become the Interior secretary. POLITICO reported the process started on Tuesday following reports that the clean energy advocate and member of the Pueblo of Laguna tribe in New Mexico would be a possible candidate for …
