A former Mammoth Energy Services executive whose bribery of a former FEMA executive during power restoration of Puerto Rico’s hurricane damage in 2018 led Mammoth into critical financial issues has made a guilty plea in federal court. Click here for The Oklahoman
Devon Energy moves ahead with new Texas gas pipeline
Oklahoma City’s Devon Energy reached an agreement with WhiteWater, Enlink Midstream, LLC of Austin on investments to move forward with the construction of the Matterhorn Express Pipeline carrying natural gas out of the Permian Basin to Houston, Texas. The firms say the decision to begin construction came after they secured sufficient firm transportation …
Latest big producers in western Oklahoma
A Western Oklahoma well drilled by the Kaiser-Francis Oil Company of Tulsa brought in more than 2,100 barrels of oil a day. The Muno 5-13-16 1h, drilled in Custer County at 5 13N 16W, a site about 3 miles southwest of the town of Custer City was completed in March of this year. It had production of …
Congresswoman says Democrats’ price gouging bill will be a failure
Oklahoma Congresswoman Stephanie Bice says the House-passed Democrat Fuel Price Gouging bill offers no real solutions for the energy crisis facing America. She was one of those who voted against H.R. 7688 or the Consumer Fuel Price Gouging Prevention Act. Rep. Bice, the Republican from Edmond called it by another name–the Socialist Energy Price …
Merger of energy firms creates $7 billion Denver-based company
Denver’s Centennial Resource Development has merged with a Texas company to create a $7 billion oil and gas production company to focus its effort in Texas. Centennial reached the deal with Colgate Energy, a firm based in Midland, Texas. The stock transaction means the combined company will be based in Midland while Centennial’s office …
Energy secretary is told–yes, you are to blame for high gasoline costs
The gloves are off as some in Congress aren’t afraid to tell Biden administration officials—they are responsible and not Vladimir Putin for the high cost of gasoline. Consider the latest tiff as Energy Secretary Jennifer Granholm tried to defend the administration during a Senate committee hearing. Click here for Fox News
Energy headlines in US and the world
** U.S. Sen. Shelley Moore Capito of West Virginia calls on the Biden administration to cut regulations to spur domestic energy production. ** Coal employment remains steady in Northern Appalachia, but grew nearly 14% in central Appalachia from the lows of 2020 amid high demand for steel-making coal. ** As much as 2.09 million barrels a day of gasoline, diesel and …
Making a list–checking it twice in search for anti-oil and gas financial firms
As Oklahoma creates its own kind of law to do the same thing, Texas has already started drawing up a list in its search for financial firms that plan to boycott the oil and gas industry. At least 20 firms have replied to requests from the Texas state comptroller to admit whether they restrict …
Harold Hamm’s ownership of Continental shares continues to grow
Continental’s Chairman Harold Hamm has expanded his share holdings in the oil and gas company he founded in 1967 in Oklahoma. While he has been acquiring shares through multi-million dollar purchases in recent months, Hamm picked up another 10,405 shares at no cost in the past several days. The direct acquisition came at the …
Thursday brought a rebound in crude oil prices
After two days of drops in prices, crude oil saw a rebound in Thursday’s trading. Analysts credited a bolstering by weakness in the dollar and the possibility that China might ease coronavirus lockdown restrictions. West Texas Intermediate crude for June delivery went up $2.62 or 2.39% and finished the day at $112.21 a barrel …