Could another energy development plan cause more earthquakes in Oklahoma and elsewhere? It’s a question being raised by some who worry geothermal energy generation might cause earthquakes the same way oil and gas did in Oklahoma, Texas and other parts of the nation. Oklahoma’s earthquakes were reportedly caused by …
Read More »Report—Biden wants Ukraine to back off drone attacks on Russian refineries
Over the past few months, benchmark crude oil prices in the U.S. rose above the $80 mark. On Friday, West Texas Intermediate crude oil closed at $80.63, a drop of 44 cents during the trading day. Now there are reports the Biden administration, not known for its love of …
Read More »Nation’s rig count takes a fall while Oklahoma remains steady
More rigs were pulled out of oil and gas drilling across the nation over the past week. The nation’s oil and rig count dropped by 5 in the past week, falling to 624, according to the weekly rig numbers released on Friday by Baker Hughes Co. Oklahoma’s count remained …
Read More »Possible ceasefire in Gaza sent crude prices down on Friday
The possibility of a ceasefire in Gaza resulted in weaker crude benchmarks on Friday. But as Reuters reported, the shrinking U.S. rig count cushioned the fall. Observers believe if peace talks are successful, it might convince Yemen’s Houthi rebels to allow oil tankers to pass unharmed through the Red Sea. …
Read More »Matrix makes major construction contract with Belgium fertilizer firm
Tulsa’s Matrix Service Company just made a major deal to provide engineering, construction and industrial services to a Belgium company. Matrix did not reveal the financial content of the contract its subsidiary, Matrix PDM Enegineering made with Engicon nv headquartered in Harelbeke, Belgium. Under the memorandum of understanding, Matrix will …
Read More »Crude oil ended weaker following Thursday’s trading
Weaker U.S. gasoline demand data led Thursday to a drop in crude oil prices. Adding to the pressure was a UN draft resolutlion that called for a ceasefire in Gaza. West Texas Intermediate crude for May fell 20 cents or 0.3% to $81.07 a barrel on the New York Mercantile …
Read More »ConocoPhillips to release 1Q earnings report in early May
Make a note if you are an investor in ConocoPhillips. The oil and gas company plans to release its first quarter 2024 financial results before the market opens on Thursday, May 2. It will followup the release with a conference call on the same day at 11 a.m. …
Read More »Oil and gas leaders berate those who want green energy now
Green energy took at hit this week as oil and gas leaders gathered for the annual CERA Week conference in Houston, Texas. There, the heads of some of the leading oil and gas companies complained that the effort by the Biden administration and other world leaders for a clean …
Read More »Arkansas EV truck maker gets 200 vehicle order for Texas firm
(Cab chassis electric trucks wait for assembly with customizable back ends at Envirotech’s facility in Osceola in 2023 (Terrance Armstard) Arkansas-based electruck truck manufacturer, Envirotech Vehicles Inc. of Osceola announced it had finalized a deal to provide 200 electric trucks to a Texas company. The order came from PlugD Commercial …
Read More »Oklahoma Energy Producers Alliance convention starts in OKC
Vertical well drillers in Oklahoma gather Friday in Oklahoma City for the annual convention of the Oklahoma Energy Producers Alliance. Held at the Embassy Suites Hotel on North Phillips Avenue, the convention will begin with a 9 a.m. welcome by David Little, OEPA Chairman. A general session on Energy …
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