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• Marathon’s Huge Louisiana Refinery Rocked by Explosion, Fire
  Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Monday,...
  Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Monday, threatening to crimp fuel supplies and raise pump prices at a time of already rampant inflation.
  
  The company’s Garyville, Louisiana, plant is one of the nation’s largest and a key supplier of gasoline, diesel and other fuels. Marathon said five people were injured. The blaze that started around 9:30 a.m. local time was declared extinguished about 4 1/2 hours later.
  
  Source: Yahoo News
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• Marketed: Roger Mills County Producing Mineral Package
  Highlights - this listing is available for viewing on ...
  Highlights - this listing is available for viewing on redriverhub.com

  
  

  Roger Mills County OKLA

  
  

  97+ nma

  
  

  77 Wells

  
  

  $875+ avg. monthly income

  
  

  Data Room Available w/ Sales Deck, Check Stubs, Well & Income Summary

  
  

  Listed on redriverhub.com - Make your offers on the platform. Log into your account HERE or request access to view this mineral package.

  
  

  
  
  
  
  
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• U.S. drillers add oil and gas rigs for seventh week
  U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row...
  U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since 2014.
  
  The oil and gas rig count, an early indicator of future output, rose 10 to 645 in the week to Feb. 18, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. I
  
  That puts the total rig count up 248 rigs, or 62%, over this time last year.
  
  U.S. oil rigs rose by four to 520 this week, their highest since April 2020, while gas rigs rose six, their biggest weekly gain since May 2021, to 124, their highest since December 2019.
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• Here comes $7 gas prices, warns oil strategist in dire outlook
  Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine...
  Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist.
  
  "My guess is that you are going to see $5 a gallon at any triple-digit [oil prices] ... as soon as you get to $100. And you might get to $6.50 or $7. Forget about $150 a barrel, I don't know where we will be by then," Energy Word founder Dan Dicker said on Yahoo Finance Live.
  
  The average price nationally for gas currently stands at $3.47.
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• Canada to stop funding Trans Mountain oil line project as costs soar 70%
  Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline...
  Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion).
  
  With the latest cost overrun, the government has told TMC to secure the necessary financing from public debt markets or financial institutions, Finance Minister Chrystia Freeland said.
  
  The company now expects to finish the expansion in the third quarter of 2023, when it will nearly triple the capacity of the pipeline running from Alberta to the Pacific Coast to 890,000 barrels per day. That would be a boost for Canada's oil producers, which are keen to export more crude.
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