The weekly U.S. rig count published by Enverus Rig Analytics showed an increase by 14 to 720 as of Feb. 2. The Austin, Texas company said the daily count actually reached as high as 724 during the week compared to a peak of 716 in the previous week. The rig count as of Feb. …
Kansas legislature to consider bill allowing semi trucks without drivers
A Kansas legislative committee will consider a bill allowing driverless semi-trucks on state highways. The topic drew the attention of the Wichita Eagle in a guests commentary about huge trucks going down the highway without a driver. Click here for Wichita Eagle. “A 25,000-pound truck and no one behind the wheel” sounds …
Williams names Richard Muncrief and Jesse Tyson to board of directors
Williams on Thursday announced that its board of directors has appointed Devon Energy’s Richard E. Muncrief and former ExxonMobil executive Jesse J. Tyson as independent directors on the Board, effective March 1, 2022. Muncrief is currently president and chief executive officer of Devon Energy, having previously served as chief executive officer and chairman of …
Stitt presses Buttigieg about rural transportation
Oklahoma Gov. Kevin Stitt has pressed U.S. Transportation Secretary Pete Buttigieg about addressing rural transportation needs. He pointedly asked Buttigieg about it in a virtual conversation during the National Governors Association Winter meeting reported the McCarville Report. Click here for McCarville Report.
Iowa closer to seeing more 15% ethanol at the pumps
The Iowa State House has passed a bill to require gas stations to offer gasoline with 15% more blends of ethanol at the pump. The Des Moines Register reports it is considered a major step forward for a priority set by Gov. Kim Reynolds. Click here for Des Moines Register.
Friday’s other energy news headlines
**Republican Rep. Dan Newhouse (WA-04) and Interior Appropriations Ranking Member David Joyce (OH-14) led 13 Members in sending a letter to U.S. Forest Service (USFS) Chief Moore and Interior Secretary Haaland to demand an overdue report to Congress on 10-year contracting for aerial wildfire operators, as directed by the Fiscal Year 2021 Appropriations bill. ** The United Steelworkers union …
Nearly $3 billion profit reported by ConocoPhillips
ConocoPhillips reported this week a fourth-quarter profit of $2.6 billion, or $1.98 a share, from a loss of $800 million or 72 cents a share in the year-ago quarter. The Houston-based company with significant operations in Oklahoma said adjusted earnings in the latest quarter totaled $2.27 a share. Revenue rose to $15.96 billion from …
Seven-year high for crude prices
Crude oil prices rose again on Wednesday as the U.S. benchmark finished at the highest level since October 2014 while European prices traded at one point for more than $90 a barrel. This, after OPEC+ agreed to continue with its timetable of another 400,000 barrel-a-day rise in March. West Texas Intermediate crude for March …
Cushing crude storage slips again
Crude oil stocks remain at low levels at the Cushing hub where nearly 4 months ago, analysts said the amount stored at the northern Oklahoma site were “quickly approaching critically low levels.” That’s how Bloomberg described the situation in late October 2021 when levels dropped to 31 millions barrels of crude oil. This week, …
Inhofe makes case for development of more small businesses
Oklahoma U.S. Sen. Jim Inhofe used a Senate hearing this week to stress the need for the development of small businesses across the country and for the Biden administration to avoid harmful policies. The Senator is a member of the Small Business and Entrepreneurship Committee and questioned witnesses at a hearing held to …