Another effort to eliminate subsidies for the Kansas wind industry failed in a state Senate committee in the past week. State Sen. Mike Thompson of Shawnee says the industry no longer needs the subsidies because it is now well established reported the Kansas Reflector. Click here for Kansas Reflector
Will war cripple Russia’s oil production? One expert thinks so
Worth reading—the recent observations of geopolitical analyst Peter Zeihan who predicts that the longer the war exists between Russia and Ukraine, it will lead to the end of Russian oil production as we know it. The noted author who analyzes data from geography, demographics and global politics made his bold prediction. Click here for …
Pruitt to run for US Senate?
Reports indicate former EPA Administrator Scott Pruitt, who was Oklahoma’s Attorney General before being picked in the Trump administration, is considering a run to replace retiring U.S. Senator Jim Inhofe. Click here for News on 6
Halliburton stops business with Russia
In a Saturday announcement, Halliburton company said it immediately suspended future business in Russia. The company said it is complying with sanctions that prohibit transactions and work, including certain state-owned Russian customers. Several weeks ago, the Company halted all shipments of specific sanctioned parts and products to Russia. Halliburton has no active joint ventures …
Headlines of other energy stories
** The Biden administration on Friday said it would resume plans for oil and gas development on federal lands following a court ruling this week that temporarily restored a measure meant to factor the cost of global warming into federal decision-making. ** White House press secretary Jen Psaki urged operators of gasoline stations to pass on …
Former legislator continues fight against storm recovery act in Oklahoma
Yet another back-and-forth round of filings took place this week before the Oklahoma Supreme Court in the constitutional challenge of the February 2021 Regulated Utility Consumer Protection Act that allowed the use of ratepayer-backed bonds to help utilities recover their storm costs. After Attorney General John O’Connor’s filing of non-intervention in the challenge filed by …
US crude closed at $105 while volatility was in control of prices
Crude oil prices managed another gain on Friday for the week, but were still down 4% for the week as volatility gripped control over little progress seen in talks between Russia and Ukraine. Prices for West Texas Intermediate crude for April delivery went up $1.72 to settle at $104.70 a barrel on the New …
Baker Hughes rig count steady across U-S and Oklahoma
The weekly count by Baker Hughes of oil and gas rigs in the U.S. and Oklahoma was unchanged this past week, an indication that many energy companies continue their resolve to maintain dividend growth rather than financing additional exploration. The oil and gas servicing company reported Friday the number of rigs in Oklahoma was …
Supreme Court asked to okay total of $3 billion in storm costs bonds
Make it $3 billion in ratepayer backed bonds a state agency wants the Oklahoma Supreme Court to approve to cover 2021 February winter storm costs experienced by four utilities. Filings were made March 16 by the Oklahoma Development Finance Authority to cover storm costs experienced by Public Service Company of Oklahoma, Oklahoma Natural Gas …
Dems target Devon and others—want congressional hearing
Democrats on a House Committee have put oil and gas companies again in their targets, planning to call leaders of three such firms, including Oklahoma-based Devon Energy to an April hearing on Capitol Hill. Whether the executive leaders of Devon Energy, EOG Resources and Occidental Petroleum will comply is another matter. An earlier …
