While Oklahoma Gov. Kevin Stitt signed his own executive order defying President Biden’s executive orders against the fossil fuel industry, Texas Gov. Greg Abbott did the same. And in Texas, the State General Land Office Commissioner George P. Bush announced formation of the Texas Defense Task Force to identify federal overreach and “fend …
President Biden’s EPA nominee Michael Regan is likely to win full Senate confirmation but he won’t have the support of Oklahoma U.S. Sen. Jim Inhofe who came out against him in Tuesday’s vote of the Senate Environment and Public Works Committee. At least five other senators joined Inhofe in opposing Regan’s nomination which was …
Colorado’s freshman congresswoman Lauren Boebert has joined others in the U.S. House in introducing legislation to reverse the President’s ban on new oil and gas leasing on federal lands and water. She called her measure the Protecting American Energy Jobs Act, one that would not only stop Biden’s 60-day moratorium on new mining plans …
** The U.S. Army Corps of Engineers on Monday asked a federal judge to delay a hearing on a temporary shutdown of the Dakota Access oil pipeline, citing the changeover in personnel with the new administration. U.S. District Judge James Boasberg asked the Corps to outline its plans after an appeals court two weeks ago backed Boasberg’s …
Murphy Oil’s CEO and President Roger W. Jenkins is taking a 25% cut in pay as the company, now headquartered in Houston, announced several compensation decisions affecting the company’s executives. In making the announcement, the company, formerly headquartered in El Dorado, Arkansas said the changes were driven by changes in the company’s asset portfolio, …
– Halliburton’s collaborative effort to advance cleaner and affordable energy—Halliburton Labs–announced this week the companies chosen to take part in the move. Enexor BioEnergy, Momentum Technologies and OCO Inc. will be given access to Halliburton’s deep business and technical expertise, facilities and network. They are the companies chosen to take part part in the …
Oklahoma Gov. Kevin Stitt has become the latest governor to challenge President Biden’s anti-fossil fuel executive orders showing that two can play the game of dueling executive orders. On Monday, Stitt signed his own executive order in which he declared under the 10th Amendment that Oklahoma has the right …
NGL Energy Operating closed on nearly $2 billion in notes in the past week, using the proceeds to repay all outstanding borrowings and to terminate its restated credit agreement from 2017. The closing also terminated the company’s $250 million term credit agreement dated 2019. The $2.05 billion in new senior notes were issued as …
In apparent response to growing optimism that the COVID-19 vaccine will increase travel and gasoline demand, gasoline prices continue to rise with a new national average of $2.46. Oklahoma’s average is $2.19, up three cents in the past week and 16 cents higher than a month ago. Oklahoma City’s average is $2.17, four cents …
Oklahoma City’s PHX Minerals Inc. reported a first quarter net loss of $0.6 million or 3 cents a share compared to $1.9 million net income or 11 cents a share a year earlier. But the company also made strides in reduction of its debt and increased production. The results were released Monday after the …
