The latest U.S. rig count reported by Enverus Foundations showed a drop of five or 1% in the past week. It included a decline of four rigs to 73 in the Anadarko Basin. The U.S. rig count reached 867 during the week ended Feb. 1, falling by five from the previous week, according to …
Lankford blames WOTUS fight on Biden’s climate-change extremism
Oklahoma U.S. Sen. James Lankford is among those doubling down in the fight against the Biden administration’s new definition of WOTUS rules. And he’s blaming the fight on the President’s climate-change extremism. He joined Sen. Shelley Moore Capito, Republican from West Virginia in introducing a formal challenge to the rule through a Congressional Review …
Big revenue gains for ConocoPhillips
Not only did ConocoPhillips see a major gain in fourth-quarter 2022 earnings, but its full-year earnings were more than double the previous year. The company reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share, compared with fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share. Excluding special items, fourth-quarter 2022 adjusted …
Lucas and Comer want to know more about Russian hacking attempt at US labs
Oklahoma Congressman Frank Lucas along with Kentucky Rep. James Comer figure it’s about time Energy Secretary Jennifer Granholm comes clean on how three DOE National Laboratories were targeted by a Russian hacking team last summer. Lucas and Comer wrote a letter wrote a letter to Granholm calling for all documents and communications related to …
JP Morgan buys up forestland in Oklahoma and 2 other states
(aerial shot of Campbell Global property in Oklahoma) An estimated 250,000 acres of forestland in Oklahoma, Arkansas and Mississippi were acquired by J.P. Morgan Global Alternatives as part of the firm’s push for climate improvements. The $500 million purchase, according to Morgan’s announcement was made with a goal of carbon capture and wood production. …
Colorado oil company threatened by state with loss of right to do business
Colorado oil and gas operator K.P. Kauffman is described as a “violation-plagued” firm and now the state is threatening to yank its ability to do business there unless it pays $1.9 million in fines and cleans up 78 production sites. The Colorado Sun reports Kauffman’s ability to sell oil and gas has already been …
Hamm predicts growth in oil and gas industry
Harold Hamm, Executive Chairman, Continental Resources, provided his thoughts on what the future holds for the U.S. energy industry, and the challenges and importance of domestic energy production, during a sold-out luncheon last week at the Hamm Institute for American Energy in Oklahoma City. “The workforce is the backbone of our industry,” Hamm said …
Turnpike opposition prompts support for Authority’s plan
Prompted by death threats and personal attacks on state Turnpike Authority officials over the toll road expansion through Norman, a transportation lobbyist has launched a campaign to support the state leaders. The Oklahoman reported Bobby Stem, director of the Association of Oklahoma General Contractors is leading the campaign. Click here for The Oklahoman
Energy headlines
** The U.S. EPA confirms it’s investigating claims that Texas regulators aren’t doing enough to enforce clean air and water rules. ** A bipartisan group of senators are introducing a bill aimed at limiting the sales of oil from the country’s emergency supply to entities controlled by China. The bill was put forward Wednesday and spearheaded by Sens. …
Five-well project fails to produce for OKC energy firm
A Stephens County project involving 5-wells on a single pad didn’t turn out well for Banner Oil & Gas LLC. The Oklahoma City company filed completion reports this week on the 5 Brown wells showing combined oil production was only 36 barrels of oil a day. All 5 wells, located about 9 miles north …
