The weekend drone strikes by terrorists that halved the oil production in Saudi Arabia prompted one Oklahoma oil and gas leader to speak about the violence and what it means to Oklahoma. “The drone strikes on petroleum installations in Saudi Arabia are a reminder of the importance of domestic oil and natural gas production and …
On the week, the national gas price average held steady at $2.56, but motorists can expect some volatility at the pump in the coming days and weeks. Over the weekend, Saudi Arabia experienced drone attacks on two major oil facilities – including the world’s largest, Abqaiq. The attacks have taken 5.7 million (crude) barrels per day off …
Oklahoma State Treasurer Randy McDaniel released his monthly economic report for the month of September, one showing only modest economic growth in August. “Oklahoma’s economy is still expanding. While we continue to see economic growth, it’s not as robust as in previous months,” stated McDaniel. The report showed how receipts from gross production tax on …
The fight between the oil and gas industry and the electric car industry is growing. As POLITICO’s Morning Energy Report indicated on Monday, oil-backed groups are countering utilities’ plans to expand electric vehicle infrastructure with regulatory and lobbying campaigns against the proposals in at least 10 states so far, Pro’s Gavin Bade reports. The efforts, some …
Houston’s Plains All American Pipeline, L.P. announced completion of a $1 billion underwritten public offering of senior notes. The company said the sale involved the 3.550% senior unsecured notes due December 15, 2029 at a public offering price of 99.801% with a yield to maturity of 3.572%. Total net proceeds of the offering were approximately …
The final nail in the coffin has been hammered for the 2015 Obama-era Waters of the United States rule, overturned officially by the US Environmental Protection Agency, Thursday, after a lengthy repeal process set in motion early on in the first days of the Trump Administration. Agriculture groups throughout the industry cheered the announcement from EPA Administrator Andrew …
One airport in Indiana has come up with the idea of solar canopies that are used to not only generate electricity but protect cars in the airport parking lot. The Evansville Regional Airport is in the process of constructing canopies over hundreds of parking spaces. The canopies will hold nearly 4,000 solar panels that will …
Baker Hughes, a GE company announced Monday the closing of a secondary offering of 132.25 million shares of BHGE Class A common stock, par value $0.0001 per share by General Electric Company and GE Oil & Gas US Holdings I, Inc., GE Holdings, Inc. and GE Oil & Gas US Holdings IV, Inc. at a price to the public of $21.50 per share. This …
Major oil and gas companies in the Permian Basin signaled their intent to stay in the region for decades, as production booms in southeast New Mexico and West Texas, and enact environmental policies to sustain the industry’s growth. The Carlsbad Current Argus reported several executives from national producers expressed their optimism during the Carlsbad …
New Mexico leaders are creating a new group in connection with New Mexico State University to study the prospects of treating and reusing wastewater from fracking. New Mexico Gov. Michelle Lujan Grisham announced the formation of a produced water “consortium” intended to research and develop polices related to the treatment, reuse and regulation of produced …