A new report by Diversified Energy, the nation’s largest natural gas well operator, shows its operations added more than $1 billion to its 10-state operating area which includes Oklahoma. The Alabama-based company said it supported more than 8,600 direct and indirect jobs and also generated $500 in federal, state and local revenues. Its operations …
Pain at the pump increased in Oklahoma
Oklahoma drivers and others across the U.S. are paying the price for the recent OPEC+ decision to cut crude oil production by more than a million barrels of oil a day. Oklahoma’s average in the past week rose 14 cents to reach an average price of $3.31 a gallon and it is 28 cents …
Oklahoma’s drone research takes stage before US House hearing
As made clear in a recent U.S. House committee hearing, Oklahoma might have some of the best drone research underway in the country. Aerospace engineers from the state told committee members, including Oklahoma Rep. Stephanie Bice, how they are using drones to leverage aerospace programs within Native American tribes in the state according to …
Occidental leader predicts even more oil production from the Permian Basin
For those who think the oil and gas production in the Permian Basin has peaked, Occidental’s CEO Vicki Hollub in essence says “you ain’t seen nothing yet!” She predicts the Permian has not reached peak production and if anything, will increase its output to offset production declines in other basins reports Reuters. Click here …
Cushing sees continued decline in crude oil in storage
Crude oil stocks held at the Cushing Hub in Oklahoma continue their downward slide. The U.S. Energy Information Administration reported this week that the amount of crude oil held in storage declined by 400,000 barrels. The EIA stated that as of April, there were 33.8 million barrels of crude at Cushing compared to the …
Former Gov. Fallin honored for her efforts to improve state bridges
Former Gov. Mary Fallin was honored this week for the work her administration did to do something about the image Oklahoma had for the worst bridges in the country. She was given the 8th Guardian of Transportation award by the Transportation Revenue Used Strictly for Transportation or TRUST reported the McCarville Report. Click here …
Prairie Chicken the focus of a lawsuit by Oklahoma, Kansas and Texas
Oklahoma joined Kansas and Texas this week in filing a lawsuit against the Biden administration’s decision to add the lesser prairie chicken on the Endangered Species Act list. The suit was filed by Attorney General Gentner Drummond who charged the government decision amounted to federal “overreach.” He claims the rule puts restrictions on Oklahoma …
Williams workers to hold annual “volunteer” week in 19 states
Williams employees will be volunteering in communities across the United States as part of the company’s second annual Volunteer Week, April 16 – 22. With 116 projects scheduled in 19 states, about 1,100 employees will assist teachers in elementary classrooms, collect electronics for recycling and help stock food pantries among dozens of other volunteer …
Quick energy reads
** The Biden administration’s plan to stifle auto pollution and spur electric vehicles is expected to shrink US oil demand by an estimated 17 billion barrels through 2055. ** The Texas Senate passed a bill that will cap how much bitcoin (BTC) miners can participate in demand response programs, under which they get paid to …
ConocoPhillips leader predicts more shale deals
ConocoPhillips Chief Executive Officer Ryan Lance expects there will be more shale mergers in the industry, along with acquisitions, but don’t expects his company to be leading the way. It’s what he said in an interview this week on Bloomberg TV. Click here for Bloomberg
