The total of crude oil held in storage at the Cushing Hub in northern Oklahoma continued to decline over the past week according to the U.S. Energy Information Administration. The EIA reported Cushing’s total dropped from 32.8 million barrels on April 14 to 33.1 million barrels as of April 21, 2023. It compared to …
In a state where its Democratic governor and legislature leaders try their best to put the oil and gas industry under “green energy” control, New Mexico just reported a record $8 billion in state revenues last year. They also are quick to admit it was largely due to the booming oil and natural gas …
Colorado Attorney General Phil Weiser joined the fight against a proposed Utah rail project that would result in trains carrying crude oil through western Colorado and to the Denver metro area. Weiser sent a letter to U.S. Transportation Secretary Pete Buttigieg asking him to revoke the permit for the 88-mile Uinta Basin Railway that …
Interior Secretary Deb Haaland faced something of an intense grilling recently in a congressional hearing. It occurred during a hearing of the House Natural Resources Committee. Wyoming GOP Congresswoman Harriet Hageman put Haaland on the spot with a question about “energy poverty,” to which Haaland replied she didn’t understand the term. The exchange led …
** An explosion and fire at the Seneca Petroleum petroleum refinery in suburban Chicago killed one person and injured a second Tuesday morning, authorities said. ** Sen. Joe Manchin, D-W.Va., says he would support the repeal of a sweeping bill he negotiated with Senate Majority Leader Chuck Schumer, D-N.Y., last year that includes major climate, health and …
This week on “Mitchell Talks Energy,” Scott Mitchell and OK Energy Today’s Jerry Bohnen discuss the politics of energy. Specifically, they discuss the divide between the Biden Administration and environmentalists over policies designed to support European allies with LNG exports.
Mammoth Energy Services plans to hold its annual meeting of stockholders June 7 in Oklahoma City. The 9 a.m. Central Time meeting will be held in Suite 300 at 14201 Caliber Drive. The agenda calls for the election of board of directors members including Arthur Amron,, Corey Booker, Paul Jacobi, James Palm, Arthur Smith …
Chesapeake Energy Corporation will release its first quarter financial results in early May. They will be made known after the close of markets on Tuesday, May 2 and a conference call will be held the next day, Wednesday May 3 and 8 a.m. Central Time where executive leadership will discuss the results. Chesapeake is …
Crude oil prices suffered a 2 fall on Monday and Oklahoma energy stocks fell as well. You can blame those nagging concern about the possibilities of an economic slowdown and a stronger dollar. West Texas Intermediate crude dropped 2.2% on a $1.69 a barrel fall to $77.07 on the New York Mercantile Exchange. Global benchmark …
Kansas has a new anti-ESG law, joining Oklahoma in the movement to stop financial groups that use environmental, social and governance issues, from discriminating against oil and gas firms. Kansas Gov. Laura Kelly, a Democrat, decided this week to allow the bill to become law effective July 1, without her signature. As a result, …
