The number of oil and gas drilling rigs active in Oklahoma slipped by one in the past week, falling to 14 rigs compared to the 51 a year ago, according to the latest figures released by Baker Hughes Co. Nationally, numbers increased by 9 to reach 296 as the total of oil rigs grew …
Officials in Boulder County, Colorado, considered to be a focal point of anti-oil and gas operations, have taken legal action to stop bankrupt Extraction Oil and Gas from drilling near its borders in Weld County. The county filed an emergency motion this week asking a court to end a suspension of pending litigation between …
An Oklahoma rural electric cooperative, CKenergy Electric Inc. of Mustang has received $69 million in USDA investments to improve rural electric programs. USDA Secretary Sonny Perdue made the announcement, explaining that CKenergy Electric received an investment of $5,735,046 to be in smart grid technologies. But the rest of the $69 million will be used …
Evergy, the major utility in Kansas is again attempting to target solar customers with a special electricity fee. It is asking the Kansas Corporation Commission for permission to create the fee, a move that came half a year after the Kansas Supreme Court threw out an earlier fee that applied only to customers with …
Ten environmental organizations have gone to court with a lawsuit accusing the Environmental Protection Agency of failing to reduce toxic air pollution from industrial flares at petrochemical plants, gas processing facilities and other large industrial sites. The lawsuits, filed in the United States District Court for the District of Columbia, contend the EPA has …
While third quarter earnings reports by some Oklahoma energy companies reflect little to no drilling activity in the state, completion reports filed with the state show a recent flurry of completed wells by Houston-based Ovintiv Mid-Continent Inc. Four of its wells had combined production of nearly 2,700 barrels of oil a day. The company …
While oil futures hit a nearly 5-month low in Thursday’s trading, some of the energy stocks based in Oklahoma and those with activities in the state saw improvements. Alliance Resource Partners, L.P. gained 6 cents for a 1.87% increase to $3.27 per share. Blueknight Energy Partners finished up 2 cents for a 1.48% gain …
Oil futures took a nose dive in Thursday’s trading, reaching their lowest level since June. Analysts blamed rising COVID-19 cases that resulted in tighter restrictions on Europe and also highlighted the worries about the outlook in the U.S. and the rest of the world. West Texas Intermediate crude for December delivery fell $1.22, or 3.3%, …
** Iraq, the United Arab Emirates (UAE), and Kuwait – the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of the cuts of 7.7 million barrels per day (bpd), because such cuts are too deep for their economies and budget incomes to sustain. This news came from Reuters on Thursday, …
The impact of the COVID-19 pandemic and resulting devastation to the world’s oil and gas industry led to a third-quarter 2020 loss of $0.5 billion or 42 cents a share by ConocoPhillips, the company announced Thursday. The massive loss compared to third-quarter 2019 earnings of $3.1 billion or $2.74 per share. The company stated …