Brecheen’s House Committee assignments are made

  Oklahoma’s newest U.S. House member, Rep. Josh Brecheen has been named to serve on two House committees—Homeland Security and Budget. The announcement was made Wednesday for his appointments in the 118th Congress. It means Oklahoma will apparently not have a House member on the House Energy and Commerce where former Rep. Markwayne Mullin, now …

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Environmental group sues EPA to stop fracking in Colorado

  The environmental group, Center for Biological Diversity filed a lawsuit against the Environmental Protection Agency to limit pollution from drilling and hydraulic fracturing for oil and methane gas in Colorado. “Colorado can’t keep letting more and more oil and gas wells spew their pollution if we’re going to have any hope of fixing our …

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Number of DUCs holds steady in most of US oil producing areas

  With government reports predicting an increase in oil production in the U.S., the drop in the number of DUCS or drilled but uncompleted wells has dropped dramatically in the past few years. In March of 2019, there were more than 8,500 reported DUCs in the U.S. The most recent count, according to the U.S. …

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EIA predicts record oil production in 2023 and 2024

  The federal government predicts the U.S. will see record crude oil production this year and next. The January 2023 Short-Term Energy Outlook, released this week by the U.S. Energy Information Administration, will average 12.4 million barrels a day and 12.8 million barrels a day in 2024. If true, the 2023 production will surpass the …

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US Senate version of bill to protect Strategic Petroleum Reserve is filed by Wyoming Senator

  Oklahoma U.S. Sens. James Lankford and Markwayne Mullin might soon have a chance to vote on a bill to stop what critics say has been political use of the country’s Strategic Petroleum Reserve by President Biden. Here’s why. Wyoming Republican Sen. John Barrasso has introduced what he calls the Secure Auction for Energy Reserves …

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Mammoth Energy demands $379 million payment from FEMA

    Nearly six years after Hurricane Maria hit Puerto Rico and Oklahoma City-based Mammoth Energy Services won millions in contracts to restore power, the company is demanding payment from the federal government. The company announced this week its wholly owned subsidiary Cobra Acquisitions, LLC, the firm that performed the power restoration, submitted a certified …

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Manchin targets EV tax credits

  If West Virginia U.S. Sen. Joe Manchin gets his wish, the Biden administration’s plan for $7,500 EV tax credits will be put on pause. It was a month ago when the Democrat, who’s been at odds with President Biden, urged the Treasury Department to delay the implementation of the tax credits. Then this week, …

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New Gulfport Energy CEO on the job this week

  Details of Gulfport Energy’s hiring of John Reinhart as the Oklahoma City company’s new Chief Executive Officer were revealed this week in a filing with the Securities and Exchange Commission. As part of his agreement to become CEO effective Jan. 24 of this year, Reinhart will be paid an annual salary of $785,000 and …

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Headlines

** A New Mexico legislative panel advanced a bill Monday that would help local governments plan in advance for climate-related threats to public health such as wildfires, flooding, extreme heat and rapid erosion. The help would be in the form of grants up to $250,000. ** Florida Chief Financial Officer Jimmy Patronis blocked asset managers …

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Permian Basin operator expands operations

  Another major acquisition in the Permian Basin was revealed this week by Permian Resources Corporation, a firm that extended its operations from West Texas into the New Mexico side of the oil-rich region. The company announced it had purchased 4,000 leasehold acres and 3,300 royalty acres in Lea County in a $98 million deal …

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