After two straight days of 2% gains, crude oil prices on Thursday fell 1% and Oklahoma energy stocks also recorded another weak day with losses of 4% to 7%. Analysts credited Energy Secretary Jennifer Granholm’s remarks to lawmakers that refilling the country’s Strategic Petroleum Reserve might take years with causing the slump in crude …
Category: Oil & Gas
Just what we don’t need—-a threat of another summer of record gasoline costs
With the threat of a repeat of last summer’s high gasoline prices across the U.S., the cost of pulling up to the pump in Oklahoma has declined in the past few weeks, reaching an average of $3 a gallon. AAA Oklahoma reported the national average is $3.43 per gallon. But the U.S. Energy Information …
Congresswoman says her bill would roll back Biden’s anti-energy policies
Oklahoma Congresswoman Stephanie Bice says a bill she introduced in the U.S. House would roll back what she calls the “anti-energy policies” of the Biden Administration. In a column this week, the Republican Representative explained H.R. 1 would not only repeal the $6 billion natural gas tax but also harmful royalties and fees imposed …
Denver suburb wants limit on gas stations
Saying they are only responding to the climate crisis, members of the city council in the Denver suburb of Louisville, Colorado are considering a cap of gas stations in their city. They want to limit the number at only six in an effort to fight climate change reported Denver 7 TV news. Proposed ordinance …
Arkoma Basin is a producing home for Calyx Energy
The Arkoma Woodford Basin in eastern Oklahoma continues to yield successful wells for Tulsa energy company Calyx Energy III LLC. Two more Pittsburg County gas wells were reported by the company and they had combined production of more than 26,000 Mcf of natural gas from a single pad site located west of the town …
Texas drillers sue Interior Department over new lesser prairie chicken protections
Permian Basin oil drillers and ranchers joined Texas Attorney General Ken Paxton in filing lawsuits over the federal government’s decision to create more protections for an endangered species of prairie chicken. The suits were filed against the U.S. Interior Department and asked a federal court in Midland, Texas for an order vacating Endangered Species …
Energy briefs
** One of the Citgo oil executives who was held for nearly five years in Venezuela has sued his company for $100 million, alleging it conspired in his detention and then abandoned him and his family as he wasted away in horrific prison conditions for a crime he didn’t commit. Tomeu Vadell was one of six executives who …
Mullin leads GOP effort to press Biden administration on false oil and gas permitting claims
Led by Oklahoma’s U.S. Sen. Markwayne Mullin, a group of Republican senators is going after the Biden administration after it recently issued a downward revision of the number of unused fossil fuel permits, a correction it blamed on a “reporting discrepancy.” Joined by Sens. James Lankford, Ted Cruz, R-Texas, Kevin Cramer, R-N.D., John Hoeven, R-N.D., Mike …
Latest edition of Mitchell Talks Energy
What is Scott Mitchell exploring in his latest Mitchell Talks Energy with Jerry Bohnen of OK Energy Today? In their latest conversation, the two discuss efforts in the Oklahoma legislature to allow performance based rating for utilities in the state, Corporation Commissioner Bob Anthony and his attempts to learn more details of what led to …
Chemical plant explosion leaves worker hurt near Houston
One worker was seriously injured in the Wednesday afternoon explosion and fire that happened at the INEOS plant near Houston. A few hours later, firefighters managed to extinguish the fire that occurred at the plant along SH-225 near the East Beltway in the suburb of Pasadena. It was described as a “bleve explosion” that …