A filing with the Securities and Exchange Commission shows that more than 10% of shares in Oklahoma-based Chesapeake Energy are held by the multinational holding company Franklin Resources Inc. Franklin filed an SC 13G/A report with the SEC showing it had ownership of 12,881,607 shares in the Oklahoma City energy company. The holding amounts …
BCE-Mach LLC makes another STACK acquisition
More acquisitions in Oklahoma’s STACK and southern Kansas have been carried out by Oklahoma-based BCE-Mach LLC and two of its subsidiaries. Total amount for the purchase and sale agreements by BCE-Mach LLC, BCE-Mach II LLC and BCE-Mach III LLC was $66.5 million and closings for both are expected in the first quarter of 2022. …
Rising energy costs follow historic inflation
If your energy bills shot up last month in Oklahoma, you weren’t alone. The government says while inflation in November rose 6.8%, energy bills rose 6.5%. The U.S. Bureau of Labor Statistics reported U.S. consumers continue dealing with the biggest jump in energy bills in more than a decade. Click here for Bloomberg.
Oklahoma group’s lesser prairie chicken plan okayed by feds
A plan proposed by Oklahoma-based conservation bank LPC Conservation won approval from the federal government to help restore populations of the lesser prairie chicken. Reports indicate the plan, approved by the U.S. Fish and Wildlife Service will not only allow development of lands in oil and gas drilling regions but also protect the species …
Baker Hughes reports more rig activity in Oklahoma and US
Rig activity in Oklahoma and the U.S. increased in the past week according to the latest report from the Baker Hughes Co. Oklahoma’s count grew by 2 to 46, far more than the 14 rigs reported a year ago at this time. Nationally, the count increased by 7 to 576. The number of oil rigs …
Crude oil makes best advancement since August
Crude oil prices rebounded again on Friday reaching their best weekly gain since August while some Oklahoma energy stocks made modest gains. The advancement in crude prices was again attributed to easing concerns over the impact on global economic growth and fuel demand by the Omicron coronavirus variant. West Texas Intermediate crude for January delivery …
Other energy news headlines for Monday
** The Biden administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects overseas and prioritize global collaborations to deploy clean energy technology, according to U.S. diplomatic cables. ** South Dakota utility regulators gave the go-ahead for NorthWestern Energy to partner with BrightMark Full Circle RNG to develop the state’s first renewable natural gas …
Crude oil slips while Oklahoma energy stocks suffer
After climbing above the $71 mark earlier this week, crude oil in the U.S. dropped in Thursday’s trading. Oklahoma energy stocks recorded a lot of losses on the day. West Texas Intermediate crude fell $1.75 or 2.42% to finish the day at $70.61 on the New York Mercantile Exchange. Global benchmark Brent crude was …
Continental Resources one of most active rig operators in US
Figures from Enverus Rig Analytics show the active U.S. rig count fell to 674 in the past week but at the same time also indicated that Oklahoma City-based Continental Resources is one of the most active operators in the nation. Enverus explained its count of active rigs declined by one but the count is …
Extreme high fire dangers exist in western Oklahoma
The lack of rain and dry conditions combined with the expected return of strong winds on Friday make for a high fire danger across western Oklahoma. The region hasn’t received any rainfall in more than a month and Oklahoma Climatologist Gary McManus, writing in his daily weather update on Thursday said an approaching cold …