Perhaps the control of the U.S. House by Republicans will create a turn of events for the oil and gas industry which for the past two years has been the target of critical efforts by President Biden. It has created some speculation whether Biden will be as bold in his war on the industry. …
Category: Oil & Gas
Friday saw a $1 gain in crude oil prices but losses for OK energy stocks
While crude oil prices rose more than a dollar a barrel on Friday, Oklahoma energy stocks recorded a weak trading day. For oil prices, it was the biggest weekly gain since October as West Texas Intermediate crude for February delivery rose $1.47 or 1.9% to finish at $79.86 on the New York Mercantile Exchange. …
Increased US drilling activity while slight drop recorded in Oklahoma
The nation’s oil and gas fields saw a gain of 3 rigs to reach a total of 775 while there was a drop in activity in Oklahoma reported Baker Hughes on Friday. The well-servicing company reported the number of oil rigs increased by 5 to 623 while the count of gas drilling rigs fell …
Well plugging program delayed in Oklahoma
Those speed bumps that Brandy Wreath, Executive Director of the Oklahoma Corporation Commission talked about in briefing commissioners on the state’s well plugging program apparently became road blocks. In an update last week, Wreath told commissioners he had hopes of securing a third-party administrator so the Commission could soon begin methane testing as part …
Williams subsidiary gets approval for $980 million pipeline project in New Jersey
Federal regulators signed off on approval of a $980 million expansion of the Transco pipeline in the northeast, a line owned by a Williams Company subsidiary. State officials were joined by environmental groups in fighting the expansion of the interstate natural gas pipeline, claiming the expansion would only hit ratepayers with unnecessary costs for …
Study says anti-ESG movement is costing taxpayers
A new study supported by environmental activists contends such efforts by Oklahoma and other states targeting investment firms that discriminate against oil and gas funding actually will cost taxpayers more in higher interest payments. It was last year when Oklahoma adopted the Energy Discrimination Elimination Act of 2022 (House Bill 2034) which identifies those firms …
ONEOK subsidiary wants to construct natural gas pipeline across Mexican border
A ONEOK subsidiary, Saguaro Connector Pipeline LLC, wants to build a pipeline to transport natural gas from the Permian Basin to Mexico. The company submitted an application last month with the Federal Energy Regulatory Commission to cross the border in Hudspeth County, Texas. The county is in the far western reaches of the state …
Kansas creek improves after Keystone pipeline oil leak
Contaminated by the December Keystone pipeline oil leak, northern Kansas waterways are already improving according to Kansas health officials. The Kansas Department of Health and Environment announced that water testing on Mill Creek near Washington, Kansas showed “a decrease in the concentration of contaminants over time,” reported KSHB. Click here for KSHB
Colorado gas prices not affected by refinery shutdown
The temporary shutdown of the Suncor oil refinery in Commerce City, Colorado so far did not result any increased gasoline prices in the state. Suncor announced the suspension of operations two weeks ago due to malfunctions and fires reported Colorado Public Radio. Click here for CPR
Missouri to consider restrictions on ESG investments
A Missouri official suggests it is time for Missouri to make sure some investment companies don’t target oil and gas companies. Fox 2 Now reported Missouri Secretary of State Jay Ashcroft wants to make a law forcing investment advisors and brokers to disclose if they are limiting investments to “sustainable” companies that address climate …