Oil and gas are behind most of the billionaires who live in Oklahoma according to the latest 2022 list of billionaires compiled by Forbes magazine. Forbes cited Continental Resources founder Harold Hamm as number 98 on its list, reporting him with a $17.2 billion fortune. His is truly a “rags to riches” story, considering …
Rising costs hurt Denver’s Liberty Oilfield Services
Denver’s Liberty Oilfield Services reported a 43% increase in first-quarter revenue but the fracking company also recorded a loss because of rising costs. The company reported revenue of $793 million but a net loss of $5 million or 3 cents per share. Even with the loss, it was an improvement over the $57 …
Natural gas prices hit NextEra Energy in first quarter
With at least 17 wind energy centers located in the state of Oklahoma, NextEra Energy Inc. reported a first-quarter loss of $451 million or 23 cents a share. The Juno Beach, Florida-based company had a profit of $1.67 billion or 84 cents a share a year ago reported Reuters. Click here for Reuters
Feds set date for oil and gas lease auction in New Mexico
A June auction is planned by the Department of Interior of federal land in southeast New Mexico. It was supposed to have been sold a year ago but when President Biden took office, he immediately suspended the auction of federal oil and gas leases. Click here for Carlsbad Current-Argus
US crude prices steady while European crude slipped on Wednesday
Crude oil prices were mixed in Wednesday’s trading as benchmark US prices managed a slight increase while European prices fell. US prices initial responded with an increase after the U.S. Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 15. West Texas Intermediate crude for …
Empire boosts North Dakota assets with acquisition closing
Tulsa’s Empire Petroleum, an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, announced that it has closed the acquisition of nearly 2,500 acres in oil and natural gas assets in northern and western North Dakota. The operated and non-operated assets are in the Landa Madison and …
Little change in North Dakota’s oil production
North Dakota oil production for the month of February remained constant, an indication the state’s oil and gas industry won’t see much change over the coming months. Click here for KFYR TV
Union members unhappy at Kansas nuclear power plant
Union workers at the Wolf Creek Nuclear power plant in eastern Kansas remain unhappy with Evergy, the corporate owner who they accused of ongoing unfair labor negotiations. Members of IBEW Local 304 planned to picket the generating station this week, a move they said would inform Evergy customers that negotiations have been slow and …
Volunteer Week has meaning for Williams employees
In a nationwide show of community support, hundreds of Williams employees will give their energy to complete more than 150 projects across 17 states as part of the company’s inaugural Volunteer Week, April 22-29. Projects range from outdoor beautification to volunteering in elementary school classrooms to helping at food banks. A list of organizations …
White House now says it was ‘forced’ to renew oil and gas leases
After blaming Russian leader Vladimir Putin for causing an increase in gasoline prices in the U.S., the Biden administration now says it was forced by a court ruling to restart oil and gas leasing on federal lands. The latest finger-pointing came after President Biden drew considerable criticism this week from climate activists who contended …
