A petition has been filed with the EPA by the Texas Public Policy Foundation challenging the agency’s 2009 endangerment finding that designated man-made greenhouse gas emissions as a danger to human health and welfare. “The EPA endangerment finding represents abuse of the EPA regulatory process under the Obama Administration, rather than objective, science-based action,” said …
EPA Administrator Scott Pruitt says critics of President Trump’s executive order declaring an end to President Obama’s “war on coal” have it wrong. Writing this week in the Washington Times, the former Oklahoma Attorney General stated the Trump administration is not turning its back on a clean environment and regulation altogether. He said the “war …
As Oklahoma City University economist Dr. Russell Evans looks at Oklahoma’s economy and how this year, the legislature is strapped with a financial crisis, he believes next year will be a far different story. He predicts the economic recovery is already underway in the state, one led by the oil and gas industry improvements. “The …
Oklahoma City-based Devon Energy Corporation reported net earnings of $565 million posted in the first quarter of 2017, according to a company press release issued Tuesday. The company’s core earnings exceeded expectations and totaled nearly $217 million. Devon’s financials seem to indicate that both the company and the industry are rebounding from an economic downturn. Devon posted …
Oklahoma City-based Devon Energy Corporation will divest nearly $1 billion of non-core assets including some portions of the Barnett Shale near Johnson County, according to a company press release issued Tuesday. “The successful resource expansion in our world-class STACK and Delaware Basin assets has generated an abundance of opportunities within our portfolio,” said Dave Hager, president and CEO. “Given the …
Crude oil settlements continued to spiral downward on Tuesday, registering back-to-back declines as rising output in the U.S and a survey showing a fall last month in OPEC compliance, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude fell $1.18, or 2.4%, to settle at $47.66 a barrel. On the …
