Category: Oil & Gas

Other energy headlines

** The state of Utah and two Republican-leaning rural counties sued the Biden administration on Wednesday over the president’s decision last year to restore two sprawling national monuments on rugged lands sacred to Native Americans that former President Donald Trump had downsized. ** Climate activists have developed plans to foil a provision Senator Joe Manchin wedged into the new …

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Laredo Petroleum executive leaves company

  Laredo Petroleum just lost its Chief Operating Officer and the company indicated it won’t replace T. Karen Chandler. She was the company’s Senior Vice President and COO and left the company immediately, according to an SEC filing made by Laredo. The company stated that “Dr. Chandler’s departure was not the result of any disagreement …

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Fight looms over protecting lesser prairie chicken in the Permian Basin

  The debate is growing in New Mexico whether federal protections for the lesser prairie chicken, including Oklahoma, will harm the oil and gas industry. U.S. Rep. Yvette Herrell of New Mexico is fighting the federal proposal to list the bird as “endangered” reported the Carlsbad Current-Argus. Click here for Carlsbad Current-Argus

Mammoth Energy in search of more investors

  On the day its shares rose nearly 11%, Oklahoma City-based Mammoth Energy Services Inc. announced plans to take part in two upcoming investor conferences.   Arty Straehla, Chief Executive Officer, and Mark Layton, Chief Financial Officer, are scheduled to meet with investors at the Barclays 2022 CEO Energy-Power Conference in New York City on …

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Talks with Iran continue boosting oil prices

Oil prices in the U.S. and overseas rose on Wednesday following word that the U.S. won’t ask for additional concessions in a proposed restoration of Iran’s nuclear deal, a move that would allow Iran to export more oil on the world markets. West Texas Intermediate crude for October delivery managed a $1.15 increase to settle …

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50% increase in oil export revenues expected for OPEC this year

  A new government forecast predicts OPEC members will earn about $842 billion in oil export revenue this year, the most inflation-adjusted net oil export revenue for the group in 8 years. The U.S. Energy Information Administration made the prediction, stating that OPEC nations collectively earned $992 billion back in 2014. “Based on our forecasts …

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Research group defends criticism of Oklahoma’s storm-cost recovery plan

  A research group whose study in February roundly criticized Oklahoma’s cost-recovery method allowed for utilities over 2021 Winter Storm Uri costs, defends its conclusions in response to an Oklahoma Corporation Commission official’s critical comments. Intelometry, the firm OK Energy Today first reported about last winter, a report used by opponents of the bond-securitization plan …

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Big fine in New Mexico for big Permian Basin operator

  One of the largest oil and gas operators in the Permian Basin of West Texas and southeast New Mexico agreed recently to pay a $1.8 million fine to settle wastewater issues with New Mexico oil and gas regulators. XTO Permian Operating’s fine is slightly more than $1 for every acre the company holds in …

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Headlines of additional energy stories

** The Biden administration denies allegations that it violated environmental laws and failed to consider and disclose the climate impacts when approving 3,500 oil and gas drilling permits since early 2021. ** A coalition of 26 climate change, public health and environmental justice advocacy organizations formally petitioned the Environmental Protection Agency (EPA) on Tuesday to regulate air pollution …

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Halliburton announces new participants in its energy research

    Halliburton Labs announced it selected three new companies to participate in its collaborative environment to advance cleaner, affordable, and reliable energy. As a Halliburton Labs participant, AW-Energy, RedShift Energy, and Renkube will receive access to a broad range of industrial capabilities, technical expertise, and mentorships to scale their respective businesses. “Halliburton Labs is excited …

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