Another big jump in oil prices hit the markets Monday as U.S. crude settled above the $75 a barrel level and European prices approached $80. Tagging along for the ride up were Oklahoma energy stocks. West Texas Intermediate for November delivery rose $1.47 to finish the day at $75.45 a barrel. Global benchmark Brent …
Category: Oil & Gas
New royalty owners group formed in Oklahoma
The Oklahoma Farm Bureau joined four fellow agriculture and mineral owner groups this week to announce the formation of the Royalty Owner Coalition of Oklahoma, a non-profit corporation to create a structured, consistent and strong voice for the interests of Oklahoma mineral owners. Representing approximately 150,000 individual members, the founding organizations of ROCO include …
Oil and Gas leader warns New Mexico not to be too hasty with methane rules
While the state of New Mexico is in the process of creating what could very well become the most restrictive methane emissions rules in the U.S., the head of the New Mexico Oil and Gas Association makes a plea for moderation in those efforts. “It is important that any rule consider potential impacts …
Devon Energy to pay more than $6 million fine for underpaying federal royalties
Oklahoma City’s Devon Energy agreed to a more than $6 million fine for underpaying and underreporting royalties from natural gas from federal lands in Wyoming and New Mexico the Department of Justice announced Monday. The DOJ said Devon and its affiliates, Devon Energy Corp. and Devon Energy Production Company LP agreed to pay …
Here’s where new drilling is taking place in Oklahoma
More drilling is planned in Oklahoma’s STACK. Some of the most recent permits to drill were issued for wells in Canadian County. Oklahoma City-based Chaparral Energy Inc. received three permits for wells on a single pad. The MARBLE 1307 #2LMH-34, the MARBLE 1307 #1SMH-34 and the MARBLE 1307 #3SMH-34 will be drilled at 03 12N 7W, a site about …
FERC’s powers to be reviewed in Senate Committee hearing
Oklahoma U.S. Sen. James Lankford and others who make up the full Senate Energy and Resources Committee will hold a hearing Tuesday to review the administration of laws within the jurisdiction of the Federal Energy Regulatory Committee. The hearing will feature all four FERC commissioners, Chairman Richard Glick, Mark Christie, Allison Clements and James …
Bracing for Biden’s methane rules
New methane rules expected from the Biden administration will have little effect on oil and gas producers in Colorado and New Mexico, where state-level emissions rules are already in place. E& E News reported that’s because those two states already have been working on creating the tightest methane controls across the U.S. Click here for E&E …
More than 60 wells to be plugged around Denver’s airport
Saying their aim is to make Denver International Airport “one of the greenest airports in the world,” city leaders in the mile-high city unveiled plans to plug 64 oil and gas wells around the major aviation center. The wells have been idle since 2018 and had been in operation before the airport was built …
Mammoth Energy’s financial risks grow over lawsuit settlements
Oklahoma City energy companies Mammoth Energy and Gulfport Energy have reached a settlement in their lawsuits and counter lawsuits filed two years ago. But the settlement has increased financial risks for Mammoth Energy. A filing with the Securities and Exchange Commission announced the settlement of suits over Mammoth’s Pressure Pumping and Sand Supply Contracts it …
Nebraska faces another possible pipeline controversy
After helping defeat the Keystone XL pipeline which had been slated to run through their state, environmentalists in Nebraska are gearing up to fight two high-pressure pipelines to capture carbon dioxide and transport it to North Dakota and Illinois. It means the stage is already set for yet another pipeline fight in Nebraska reported …
