[Editor’s note: A version of this story appears in the February 2021 issue of Oil and Gas Investor magazine.] “How’s it going?” the Dallas Fed asked E&P executives in December 2020. They had a lot to say. It’s a reminder of what Mom always said: “Never ask a lady how she’s doing when she’s short GameStop at
Read More...The Delaware River Basin Commission permanently banned hydraulic fracturing in the Delaware River Basin on Feb. 25, citing the importance of protecting public health and a water supply that more than 13 million people in four states rely on, according to Farm and Dairy. The commission’s move will ban high-volume hydraulic fracturing in the 13,539 square-mile
Read More...George StarkDirector, External AffairsCabot Oil & Gas … .. [Editor’s Note: Natural gas to the economic rescue: GDS (shorthand for GasSearch Drilling Services) is now Susquehanna County’s top employer!] Make room! GasSearch Drilling Services (GDS) has been named the largest employer in Susquehanna County as of the 2nd quarter in 2020*! GDS is a wholly-owned subsidiary of Cabot and they have been working tirelessly
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. The More You Get, the More Costly It Gets! Some more great insights on Texas: On Thursday, Texas Public Policy Foundation
Read More...So, global G ... … …[Editor’s Note: Renewable energy fantasies are destroying good-paying union jobs without accomplishing much of anything for the environment.] President Biden has declared climate change the nation’s greatest challenge and is supporting policies that could cost thousands of good-paying union jobs that will not be easily replaced with renewable energy. To
Read More...A Delaware judge on Feb. 26 struck down Williams Cos. Inc.’s “poison pill” that the energy company adopted early last year as a defense against a possible takeover in the wake of a sharp drop in oil prices. The company’s poison pill was found to be a disproportionate response to the threat that an activist
Read More...The New York Stock Exchange (NYSE) on Feb. 26 decided to begin formal delisting of Chinese state oil giant CNOOC Ltd. based on an update to an executive order signed by former U.S. President Donald Trump in November last year. Prohibitions on CNOOC will take effect on March 9, 60 days after the company was
Read More...Myers Industries Inc. is raising prices for its products by 8 percent as of March 1, citing “rapidly rising raw material costs, primarily resin.” The Akron, Ohio-based molder whose material handling business portfolio includes molders Ameri-Kart, Buchorn and Elkhart Plastics, said the price increase is effective “across a majority of its portfolio of products.” Weather
Read More...Oilfield services provider Baker Hughes said the Securities and Exchange Commission (SEC) is investigating the company’s sale of products in projects that were impacted by U.S. sanctions. Baker was notified in December of the SEC’s formal investigation into its records and internal controls related with sales at the impacted projects, the company disclosed in its
Read More...North American plastic sheet leader Plaskolite LLC has received a 2020 Supplier of the Year Award from industrial giant 3M. In a news release, officials with Plaskolite in Columbus, Ohio, said that the award was given in recognition of the firm’s contribution to improving 3M’s competitiveness. For 2020, St. Paul, Minn.-based 3M recognized 20 suppliers
Read More...Range Resources – Appalachia was fined $294,000 by the Pennsylvania Department of Environmental Protection for inaccurately listing wells that should have been abandoned and plugged as inactive, according to Farm and Dairy. After receiving a consent assessment of civil penalty from the DEP Jan. 7, the company paid the penalty on Jan. 8 for violating
Read More...Resin makers on the Texas coast are facing challenges in restarting after frigid temperatures hit the state. Beginning Feb. 14, cold weather hit Texas, including its Gulf Coast, where much U.S. resin production is located. Plants were closed in advance of the cold snap, but some operations may have been damaged as freezing temperatures caused
Read More...U.S. energy firms this week added oil and natural gas rigs for a seventh month in a row, but the rate of growth slowed in February even as oil prices rose to their highest since 2019. The oil and gas rig count, an early indicator of future output, rose five to 402 in the week
Read More...Wixom, Mich.-based Discraft Inc. has signed a $10 million sponsor deal with the world’s best disc golfer, marking a new chapter for the fast-growing sport and tightening the company’s grip on it. The 10-year deal with top Professional Disc Golf Association player Paul McBeth, announced Feb. 24, is the largest in the sport’s history. It’s
Read More...Oregon-based Aunt Fannie’s, a supplier of sustainable household cleaning and pest solutions, has announced that it is now certified Plastic Neutral. Working in collaboration with rePurpose Global, the world’s first Plastic Credit Platform, Portland-based Aunt Fannie’s committed to collecting, processing and recycling as much nature-bound plastic waste as it contributes across its packaging and operations.
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