Oklahoma Congressman Tom Cole responded to President Biden’s Washington Post op-ed about his “plan” to do something about inflation by suggesting the President doesn’t know what he’s talking about. Biden wrote that he had a plan to fight the historic inflationary crisis. Cole’s response? “Not only is this reaction too little too late—it is …
ONEOK gets $2.5 billion credit deal with Citibank
ONEOK announced it has a new lender. The Oklahoma-based company said it has a new amended and restated credit agreement with Citibank, N.A. as administrative agent to provide up to $2.5 billion revolving unsecured credit. A filing with the Securities Exchange Commission indicated the new agreement includes a $100 million letter of credit subfacility …
Headlines of other energy stories
** The average new car sold for $47,148 last month—close to December’s peak. ** U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning over Wall Street. ** Tesla competitor Electric Last Mile says it can no …
Dems still going after oil and gas industry
House Democrats are not giving up in their attacks on the oil and gas industry. In their latest move, leaders of House Natural Resources Committee requested documents be turned over from five public relations firms and the American Petroleum Institute applying to their work for fossil fuel companies. Arizona Congressman Raul Grijalva, a Democrat …
Oklahoma Energy Resources Board and OU collaborate to provide over $250,000 in scholarships
The people of Oklahoma Oil & Natural Gas are making a major investment in the next generation of energy innovators at the University of Oklahoma helping award more than $134,000 in scholarships to 28 students studying petroleum engineering or geology at the University of Oklahoma. The Oklahoma Energy Resources Board of OERB announced the …
What analysts say about Devon’s Williston acquisition
Some analysts admit they were taken somewhat by surprise by Devon’s recent acquisition of oil-producing sites in the Williston Basin. What surprised them is that they expected Devon to make an acquisition in the Permian Basin, not in North Dakota. Click here for Hart Energy
New Mexico issues $1.2 million fine over discharge of raw sewage into Rio Grande river
A Texas water company has been fined more than $1 million by the state of New Mexico for illegally dumping more than a billion gallons of raw sewage into the Rio Grand River. The New Mexico Environment Department announced it issues Administrative Compliance Orders and fines of $1.2 million to El Paso Water for the …
Inhofe did the honors in introducing Biden nominee
Oklahoma U.S. Sen. Jim Inhofe’s strong support for expanded nuclear power in the U.S. might be because of the knowledge and expertise of Annie Caputo, a Biden nominee to be Commissioner of the Nuclear Regulatory Commission. That’s because Caputo was a long-time staff member for the Senator when he chaired the Senate Energy and …
Headlines of more energy stories
** U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply shortage to fatten profits after a report showed inflation surging to a new 40-year record. ** North Dakota regulators approve a permit for a landfill to begin storing radioactive oilfield waste. ** Russia’s crude oil output …
Oil and Gas companies make new hires
Two Oklahoma oil and gas companies announced recent new hires. Kirkpatrick Oil Company hired Melinda Merideth as President and Chief Financial Officer. She has more than 18 years of experience in accounting, finance, corporate development and risk management, serving at one time in London with KPMG. Merideth also spent several years with LD Entertainment, …
