The number of oil and gas rigs drilling for new sources of energy dropped again in the past week, both in Oklahoma and across the U.S. Oklahoma’s count slipped by one to 50 rigs compared to the 142 rigs active in the state last year at this time. The U.S. count dropped by three to …
Federal judges have made recent rulings affecting energy companies in Oklahoma and New Mexico. U.S. District Judge P.K. Holmes III of the Western District of Arkansas in Fort Smith ruled in a case involving a lawsuit filed by OK Foods, Inc. against Continental Carbonic Products, Inc. and electrical power provider AES Shady Point LLC. The …
Tulsa-based ONEOK has won federal approval of a move to transport more propane into the Midwest because of a shortage of the fuel. The Federal Energy Regulatory Commission has voted in support of two amendments to oil pipeline tariffs to accomplish the move. ONEOK North System won the go-ahead to transfer some of its allocated …
Weeks after some of its trusts received delisting warnings from the New York Stock Exchange, Chespeake Energy in Oklahoma City received the same warning in the past week. The NYSE warned the company that its trading of stock could be removed if the price of shares didn’t improve above $1. The warning came after Chesapeake …
A minister from Carlsbad, New Mexico is one of those who spoke to the UN’s COP 25 Climate Change Conference in Spain, expressing concern over the growth of the oil and gas boom in his state. The Rev. David Rogers expressed a fear of environmental damage caused by the fossil fuel industry as it widens …
Baker Hughes announced that the Baker Hughes international rig count for November 2019 was 1,096, down 34 from the 1,130 counted in October 2019, and up 105 from the 991 counted in November 2018. The international offshore rig count for November 2019 was 247, up 5 from the 242 counted in October 2019, and up 41 from the 206 counted in November 2018. The average …
Houston’s Newfield Exploration Mid-Con LLC unloaded at least 18 completion reports in the past week in Oklahoma including two series of 5 wells on a single pad with production of more than 3,300 barrels of oil a day at one site and more than 2,300 on the other in the STACK. The Ken Fred 1608 …
For the first time in more than two and a half years, monthly Gross Receipts to the Treasury are less than collections from the same month of the prior year due to a number of key factors, State Treasurer Randy McDaniel announced Thursday. And he blamed what has happened in the oil and gas industry. …
** General Motors and LG Chem reportedly plan a joint venture to invest $2 billion in an electric vehicle battery plant in Ohio. ** Enbridge has left drilling debris in Michigan’s Straits of Mackinac for three months, and won’t recover it until spring, following work related to a potential tunnel for the Line 5 pipeline. ** University of Wisconsin students and faculty plan …
A new report out from the Environmental Integrity Project shows that in the past decade, at least 30 states have slashed funding for their environmental protection agencies. Oklahoma was not one of them but it has reduced its employment in the area of environmental protection. The report says 20 states saw funding cut by more …