The COVID-19 pandemic has left U.S. refineries with a problem. What to do with growing supplies of diesel fuel, a byproduct of refining oil for gasoline. Reports suggest that some refineries aren’t eager to reopen and resume production of gasoline after Hurricane Laura hit the Gulf Coast states last week. Demand for gasoline is …
Schlumberger’s decision to sell its fracking unit is indicative of what has happened to the U.S. oil and gas industry because of the COVID-19 pandemic. The move to eliminate the company’s hydraulic fracturing unit in North America and combine it with public company Liberty Oilfield Services in Denver leaves fewer than 100 fracking operations …
While the federal government has given COVID-19 pandemic aid to many businesses and industries, its move to assist the oil and gas industry gets a different take from observers and some journalists. Their take is that the Trump administration is cozy with oil and gas and while allowing the industry to pay lower prices …
Oil prices dropped Thursday and so did the value of most energy companies with operations based in Oklahoma or in its shale plays. But surprisingly, Panhandle Oil and Gas gained 22 cents or 12.87% to reach $1.93 and Chesapeake Energy saw an 8% increase or 38 cents more a share to settle at $5.08. Alliance …
Oil futures declined on Thursday, with prices for the global Brent crude benchmark marking their lowest settlement since July as concerns remained over the outlook for demand. Oil prices saw even steeper losses early Thursday as the U.S. stock market sold off sharply on the heels of a tech selloff. West Texas Intermediate crude for October …
The U.S. Department of Energy won’t conduct a new sitewide environmental review of Los Alamos National Laboratory as it gears up to produce 30 nuclear warhead triggers by 2026, a decision that has irked critics who say the agency is pushing through plans without assessing possible problems at the site. The National Nuclear Security …
The Oklahoma City Branch of the Federal Reserve of Kansas City has released its latest issue of the quarterly publication the Oklahoma Economist. In 1920, the still-new state of Oklahoma was recovering from a global pandemic-the “Spanish flu”-and was suffering from a sharp downturn in commodity prices, both similar to situations today, according to …
The Sierra Club takes issue with the Consumer Energy Alliance which announced this week the savings of billions of dollars for Oklahomans through the use of natural gas. Rebecca Kling, Associate Press Secretary of the Sierra Club’s Beyond Coal Campaign says the Alliance is not a “neutral voice” because it is funded by fossil …
The Environmental Protection Agency is creating a new office in Lakewood, Coloroado to focus on cleaning up abandoned hardrock mining sites west of the Mississippi River, including the Bonita Peak Mining District where the Gold King Mine disaster originated in 2015. The Colorado Sun reported that the Office of Mountains, Deserts and Plains will be located in …
The tense differences between Oklahoma Corporation Commissioner Bob Anthony and the two remaining commissioners, Todd Hiett and Dana Murphy became more evident Thursday during their regular meeting. At one point during a discussion of Anthony’s effort to have the regulators vote in a reaffirmation of a statutory ban of accepting a bribe, Commissioner Murphy …
