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Oil companies idled 5 drilling rigs this week, the second drop in two weeks as oil prices in recent months have slowed...
President Donald Trump signs a memorandum on Orderly Liquidation Authority, Friday, April 21, 2017, at the Treasury Department in Washington. Trump signed...
We recently came across a 2012 map created by Joe Wertz of StateImpact Oklahoma depicting our state’s oil production at that time. ...
Gifts bequeathed to some schools decades ago have generated millions in recent years as fracking unlocks oil and gas reserves. Henry Mosier enrolled...
Highlights from this week’s report: As Devon announces the sale of $340MM of Eagle Ford assets, they ramp up in the STACK with 27 permits last...
Drillers added eight rigs to the U.S. oil patch this week as companies continue to expand operations despite the volatility in oil...
In the above satellite image taken June 29, 2017, water bodies show up in deep shades of blue. Rivers and lakes are...
In this week’s report, we see more Arkoma action! We’ve posted several times about the high volume of lease activity in and around...
The rig count has fallen or barely increased in recent weeks, suggesting early signs of moderating U.S. production growth. *U.S. TOTAL...
Trump uses Nazi-era rhetoric to attack migrants. On the campaign trail in New Hampshire, former President Trump said migrants were “poisoning the blood of our country,” echoing words Adolf Hitler used in Mein Kampf, scholars said. Trump’s escalating rhetoric on immigration came as lawmakers scrambled to work out a deal on border security, which Republicans are demanding as part of a broader package that would send tens of billions of dollars in military aid to Ukraine.
High-ranking cardinal found guilty of financial crimes. The Vatican’s “trial of the century” ended with Cardinal Giovanni Angelo Becciu being found guilty of embezzlement and fraud in the church’s criminal court and sentenced to five and a half years in prison. Eight others in connection with Becciu, who had been considered a candidate to be the next pope, were also found guilty of financial crimes or abuse of office. Prosecutors discovered money transfers as part of a London real estate deal approved by Becciu in 2013 and 2014; the court found that the transactions were embezzlement and ordered the guilty parties to pay the Vatican more than $200 million in restitution.
Hong Kong media tycoon on trial: Imprisoned media mogul Jimmy Lai will go on trial today in a globally significant case that’s considered a test of Hong Kong’s judicial independence following a security crackdown by China in 2020. Lai, who founded the pro-democracy tabloid Apple Daily, has been charged with colluding with foreign forces and sedition and could face life in prison. One of Lai’s sons has called it a “show trial.”
Blue Origin attempts a return to space. Jeff Bezos’s space company, Blue Origin, will aim to launch its New Shepard rocket in a cargo mission as soon as today. The rocket has been grounded for 14 months after suffering a mid-launch failure in September 2022.
Coming to streaming: Gwyneth vs Terry: The Ski Crash Trial drops today on Max. Paltrow (the titular Gwyneth) was found not at fault in March for a 2016 skiing accident involving optometrist Terry Sanderson. Also, the Leonard Bernstein biopic, Maestro, is coming to Netflix on Wednesday. Bradley Cooper stars as the composer in the film, which is also written and directed by Cooper.
Texas City has lifted its shelter-in-place order after an operational issue at the Marathon Galveston Bay Refinery caused sulfur dioxide to be released into the air.
The air readings throughout the city are normal, and no injuries were reported.
The affected area was south of Marathon GBR to the Texas City Y.
Marathon Petroleum Corporation released the statement below.
“Marathon Petroleum personnel at the company’s Galveston Bay Refinery have resolved an operational upset that had led to a temporary increase in sulfur dioxide emissions earlier today. Emissions have returned to normal levels. There were no injuries. The City of Texas City has lifted a shelter-in-place that it had issued for an area south of the refinery,” the corporation said.
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Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
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