Oklahoma U.S. Senator James Lankford joined all Senate Finance Republicans in a letter to President Biden requesting that the Administration begin digital trade negotiations with U.S. allies and partners in Asia. “[D]uring your Administration, the United States continues to sit on the sideline,” the Senators wrote. “Our refusal to get into the game to …
November 9, 2021 archive
Oil and gas regulators dial back rules that keep industry from sticking Colorado with bill for orphan wells
Colorado regulators apparently have eased off proposed rules to protect the state from abandoned oil and gas wells. Reports indicate the Colorado Oil and Gas Conservation Commission has released a revised plan that is welcomed by the oil and gas industry but certainly not by environmentalists. The commission’s new proposed rule no longer includes …
Phillips 66 announces refinery change
Phillips 66 says it’s converting its Alliance Refinery in Belle Chasse, Louisiana into a terminal facility in the coming year after the operation suffered more than $1 billion damage from a recent hurricane. As a result, some 900 jobs are in jeopardy. Damage from Hurricane Ida, and the cost to fix it, has led …
Industrial conglomerate pioneer GE to break up
General Electric announced it is splitting into three public companies in a move to simplify its business, cut debt and perhaps get new life into a struggling share price. The company was known for its 2016 opening of the GE Global Research Center in Oklahoma City. Two years later after GE acquired Baker Hughes …
New Mexico’s Eddy County to aid West Texas emergency calls in Permian Basin
With the help of a $65,000 donation from Chevron and assistance from Cimarex Energy, Eddy County, New Mexico says it will respond to Permian Basin emergencies on the Texas side of the state line. The two energy companies took the action with hopes of boosting emergency response in West Texas counties near Carlsbad through …
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