Interior Secretary Deb Haaland came under more criticism during a Senate hearing this week. The latest blast came from West Virginia U.S. Sen. Joe Manchin who accused Haaland of ignoring federal law that requires fossil fuel and critical mineral development. His heavy criticism came after Wyoming Sen. John Barrasso accused the former New Mexico congresswoman …
Crude oil prices and Oklahoma energy stocks take a big slide
Crude oil prices plunged nearly 5% to a five-week low in Tuesday’s trading and Oklahoma energy prices slide as well, some tumbling 6% and nearly 7%. Concerns about the economy brought prices down in the U.S. as politicians debated how to avoid a debt default. West Texas Intermediate fell $4 a barrel or 5.3% …
Increased oilfield activity is expected in Oklahoma
Despite losses in Oklahoma’s oilfield activity in the past few weeks as reported by Baker Hughes Co., a newly-released Oklahoma Energy Index shows increased industry activity is on the horizon in the state. The release of the Index says the predicted increase lies ahead despite significant declines in natural gas prices and the downward …
Senator accuses Interior Secretary Haaland of violating federal law
Interior Secretary Deb Haaland is accused of violating federal law and implementing land-use policies that only increase the U.S. dependence on China and Russia. Wyoming U.S. Sen. John Barrasso, the ranking member of the Senate Committee on Energy and Natural Resources made the charges during a hearing to examine the President’s budget request for …
Prison time for FAA computer hacking
An Oklahoma City man was recently sentenced to federal prison for using a computer to illegally gain access to a Federal Aviation Administration database and fraudulently obtain an aircraft mechanic’s license. Gordon Bellamy, Jr. was sentenced in Oklahoma City Federal Court after being convicted of computer access fraud. He was sentenced to 20 months …
Northeast Oklahomans get a chance to voice complaints about Pensacola Dam and flooding
When federal government regulators begin the review process of a new permit for Oklahoma’s Pensacola Dam in the northeast part of the state, they will likely get an earful of complaints from residents in Miami and those around the Tar Creek. Their complaints deal with flooding causes by the dam and some tribal leaders …
Bce-Mach III finishes 8 Kingfisher County wells
Oklahoma City’s Bce-Mach III LLC recently filed completion reports on 8 Kingfisher County wells. Among them were two sets of two-wells drilled on single pads. Others were adjacent to each other, all in a close region east of the city of Dover. One of the sets of two-wells on a single pad were drilled …
Oklahoma legislature closer to approval of EV charging station bill
An EV charging station bill designed to create fairness in the creation so gas station owners don’t have to compete with electric utilities is closer to being sent to Oklahoma Gov. Kevin Stitt. The Oklahoman reports Senate Bill 502 has won approval in both houses of the legislature but the approved versions are different …
Alliance Resource sees 1Q drop in earnings compared to record-setting 4Q results
Alliance Resource Partners L.P. reported a first quarter revenue of $662.9 million which was a 43% increase compared to a year ago. The Tulsa-based company, considered one of the largest coal mining operations in the eastern half of the U.S., showed net income of $191.2 million or $1.45 per unit which was a whopping …
Mammoth Energy slugs it out with FEMA over unpaid Puerto Rico work
FEMA is fighting Mammoth Energy’s efforts to be paid the $379 million it says the government owes over the company’s power restoration work following the 2017 Hurricane Maria which devastated Puerto Rico. In an SEC filing this week, Mammoth provided an update on its battle with the government over the lack of payments. The …
