Oil futures saw some gains in Monday’s trading as West Texas Intermediate crude, considered the benchmark U.S. oil for March delivery rose $1.35 to finish at $53.55 a barrel on the New York Mercantile Exchange. Brent crude for April delivery finished up $1.31 to close at $56.35 in trading on ICE Futures Europe. March …
Governor says Oklahoma’s oil and gas industry will be protected
In his State of the State Address Monday to the Oklahoma legislature, Gov. Kevin Stitt vowed protection for the state’s oil and gas industry. “We’ll support our oil and gas industry and protect it from radical liberals in Washington,” said the governor in referencing how he and legislative leaders are working to craft “the …
Oklahoma Governor releases list of his 2020 administration accomplishments
Oklahoma Gov. Kevin Stitt on Monday released the2020 Stitt Administration Annual Accomplishments Report, one which focuses on his administration’s responses to the historic COVID-19 pandemic, schools and teachers and economic growth. “While 2020 looked a lot different from our first year in office, we have seen some great accomplishments across state government,” Governor Stitt wrote …
New Mexico mayor expresses ‘disdain’ for Biden’s executive orders
The Mayor of Carlsbad, New Mexico was blunt in his assessment of President Biden’s most recent anti-oil and gas executive order—the one banning new drilling on federal lands. “National comments that thousands of oilfield workers can “just find other jobs” have come across as unsympathetic, unrealistic, and certainly unhelpful. Rural, working-class Americans feel dismissed …
Biden doesn’t want to talk with Senators about oil and gas orders
President Biden asked Republican US Senators to meet with him to discuss his COVID-19 relief bill but not the request of Sens. Jim Inhofe, James Lankford and others to talk about his oil and gas job-killing executive orders. As of last Friday, White House press secretary Jen Psaki made it clear Biden had no …
Energy news in brief
** The chief executive officers of Exxon Mobil Corp. and Chevron Corp. have spoken about merging the two oil giants in light of the coronavirus pandemic and its drastic impact on oil and gas demand, according to people familiar with the talks reported the Wallstreet Journal. ** The US Senate Committee on Energy and Natural …
Oil and gas industry slighted in New Mexico Governor’s State of the State Speech
New Mexico Gov. Michelle Lujan Grisham didn’t get high marks from at least one major state newspaper for her State of the State speech delivered last week when she didn’t come to the defense of the oil and gas industry. The Albuquerque Journal, in an editorial opinion criticized her for giving little mention of …
Arkansas pipe maker stunned by Keystone XL cancellation
When President Biden cancelled permits for the Keystone XL pipeline project, it was felt all the way to Little Rock, Arkansas home of Welspun Tubular LLC. Leadership of the company was disappointed because the firm had added 50 more employees for a workforce of 600 since announcing a contract in August 2020 to provide …
OGE agrees to $6.7 million revenue increase for Arkansas customers
OGE announced it’s reached an agreement for a $6.7 million revenue increase for its customers in Arkansas. The agreement was signed Jan. 28 with the Arkansas Public Service Commission staff and the office of the Arkansas Attorney General. It was a non-unanimous settlement agreement and OGE’s announcement stated that he only non-signatory to the settlement …
The White House candidate supported by unions is now signing orders against them
A lot of unions that supported Joe Biden in his run for the White House are now seeing ‘buyer’s remorse.’ He’s issued executive orders killing many of their jobs and they can’t understand why he went against them. On the other hand, environmentalists are wholly behind Biden’s moves against the oil and gas industry …