“Why some financial institutions choose policies designed to create energy poverty is mystifying.” It’s what Petroleum Alliance of Oklahoma President Brook A. Simmons said recently after the State Treasurer listed Barclays PLC on the list of financial firms banned from state business because of the firm’s discrimination against the oil and gas industry. …
** A group of states that loosely parallels those that filed suit last year to stop California’s Advanced Clean Trucks (ACT) rule have taken similar action against the state’s Advanced Clean Fleets (ACF) rule, seeking to stop the ACF while it awaits a waiver from the Environmental Protection Agency. ** California Gov. Gavin Newsom‘s administration said it …
Crude oil prices rose a second straight day in Thursday’s trading. West Texas Intermediate crude for June delivery gained 60 cents to settle at $79.23 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark settled up 52 cents at $83.27 a barrel on ICE Futures Europe. June natural gas rose …
Our natural gas won’t be running out any time soon. A report from the Institute for Energy Research finds the US has 1.66 trillion barrels of technically recoverable resources. The IER says if even half that amount proves to be recoverable the country has more than a thousand-year supply of natural gas. Continue reading… …
Conservative think tank Oklahoma Council of Public Affairs pointed out recently the constitutional challenge to a state law banning financial firms from discriminating against the oil and gas industry is also a leading official with the Oklahoma Bar Association. The OCPA explained that former state Rep. Collin Walke, an Oklahoma City Democrat, is the …
** Crews continued to evaluate on Tuesday a controlled explosion aiming to dislodge the cargo ship Dali from the collapsed Francis Scott Key Bridge in Baltimore. The Dali has been stuck in Baltimore for 50 days after losing power and ramming into a column of the Francis Scott Key Bridge, causing the structure to collapse. ** Utility …
Crude oil prices rebounded on Wednesday by nearly 1% and Oklahoma energy stocks recorded gains for the day. Crude oil’s gain was from a two-month low and came about because of crude storage data and an International Energy Agency forecast for weaker global oil demand growth. West Texas Intermediate crude went up 61 cents …
The Oklahoma Corporation Commission’s (OCC) Director of Administration Brandy Wreath accepted the Land Restoration Partnership Award from the Oklahoma Energy Resources Board (OERB) during its inaugural Impact Awards banquet, held Tuesday, May 14, 2024. Wreath attended the event on behalf of the OCC’s Oil and Gas Conservation Division (OGCD) which was recognized by OERB for the division’s efforts to identify and inform the uniquely Oklahoma program of land restoration opportunities. In a small gathering …
Crude stocks across the U.S. and at Oklahoma’s Cushing Hub declined last week, according to a new report from the U.S. Energy Information Administration. The nation saw a drop of 1.5 million barrels of crude oil from 459.5 million as of May 3 to 457 million barrels on May 10. There had been a …
Tulsa’s Empire Petroleum company says it expects to see increased oil production in 2024 largely because of its extensive drilling efforts in North Dakota’s Williston Basin and the Permian Basin in New Mexico and Texas. In a first quarter report issued this week, the firm reported its average daily oil sales volumes grew by …
