By Scott Carpenter of the Insurance Journal and Mike Ray of the Southwest Ledger Bonds sold to help U.S. utilities recoup losses from natural disasters are seeing an unprecedented boom, with the latest burst of issuance generated by the deadly February 2021 storm that paralyzed Texas and Oklahoma as it struck a large swath …
Category: Oil & Gas
Annual oilfield prayer breakfast returns to OKC
The annual Oklahoma City Oilfield Prayer Breakfast will be held next week featuring Kimray CEO Thomas Hill. The speaker is the Chief Executive Officer at Kimray and also the grandson of Kimray founder Garman Kimmell. Hill has worked at the company in virtually every department. He is also the author of the book, …
President’s pledge of all-electric federal fleet is hardly out of the starting blocks
President Biden’s push for electric vehicles in the U.S. isn’t going as well as he might like. A year after he pledged to convert the government fleet all electric, the movement is lagging according to a report by the Associated Press. Click here for AP
Rep. Cole says higher energy costs are due to out of touch policies of Biden administration
Oklahoma congressman Tom Cole says there’s a reason why Americans are paying higher energy prices and it’s what he calls the “out-of-touch” economic policies of President Joe Biden and Democrats. Writing in his latest column to supporters, the Republican Representative said if Republicans regain control of the Senate and House, they will work to …
Other energy headlines
** The White House has ruled out any ban or curbs on natural-gas exports this winter, in a bid to help alleviate energy shortages in Europe, according to two people directly involved in the discussions. **Â California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent …
Ailing farmer fights Iowa pipeline
Who is the farmer putting up a fight against surveyors for a proposed carbon dioxide pipeline in Iowa? It’s a story worth reading because it involves a wife standing up for your ailing husband, a Vietnam veteran who was exposed to Agent Orange and now suffers dementia. Click here for Des Moines Register
Former OK congressman Bill Brewster dead at 80
A Congressman with a desire to work together and to do more for Oklahoma’s oil and gas industry, former U.S. Rep. Bill Brewster of Marietta died Monday. He was 80. A Democrat, Brewster was considered an active leader in energy issues, first in the state legislature and then in Congress. Before his election to …
OK energy stocks and crude oil prices made major gains on Monday
Not only did oil prices jump more than $4 a barrel in Monday’s trading, but Oklahoma energy stocks had as strong a day with some firms seeing 9% gains. Prices soared as OPEC+ considered a reduction of crude oil output by more than a million barrels a day. OPEC+ wants to make the biggest …
Delaware Basin acquisition made by Northern Oil and Gas in $157 million deal
Northern Oil and Gas recently expanded its holdings in the Delaware Basin of southeast New Mexico and West Texas with a $157.5 million bolt-on acquisition of 2,800 acres. The acquisition from Alpha Energy Partners of Midland, Texas involved holdings in Lea and Eddy counties of New Mexico and Loving County in Texas. They …
Oklahoma regulators to consider rule changes and OUSF funding
Oklahoma Corporation Commissioners will meet Tuesday morning to consider a number of changes to Petroleum Storage Tank rules. The proposed new rules apply to fuel inspection, antifreeze, underground storage tanks, aboveground storage tanks, indemnity fund, and corrective action of storage tank releases. Commissioners might also consider a possible vote on a recommended change in …
