Congressman Frank Lucas (OK-03) joined fellow House Republicans voicing frustrations towards the U.S. Environmental Protection Agency (EPA) and the Agency’s actions of issuing restrictive registrations on Enlist One and Enlist Duo. The Agency has also recently proposed a new registration process for new pesticide active ingredients that could severely limit producers’ access to important pesticides. “I am deeply …
Crude prices fell on COVID lockdown in China—OK Stocks fell too
Crude oil prices took a big hit on Monday and fell 7% on the worldwide markets after China’s financial hub of Shanghai implemented a lockdown to slow down a COVID-19 surge. The lockdown only raised fears again of harm to crude demand. It was China’s biggest COVID lockdown in 2 years and brought new …
ConocoPhillips exploring sale of Anadarko assets
Reports indicate ConocoPhillips Co. is possibly going to sell some 280,000 net acres in assets in Oklahoma and Texas that make up its Anadarko Basin holdings. The primary holdings are in the STACK and SCOOP plays according to CEO Ryan Lance. “Cash is cash. We just want to take advantage of the strong markets …
New Mexico oil and gas sales to resume following court ruling
A nearly 500 acre tract of public land in southeast New Mexico could be among the first where a sale of of drilling rights will be conducted following a federal court of appeals ruling. The proposed sale had been delayed for more than a year reported the Carlsbad Current-Argus. Click here for Carlsbad Current-Argus …
More energy headlines
** Environmental activists say Chevron CEO Michael Wirth and lead director Ronald Sugar haven’t done enough on climate change and hope to have them voted out at the company’s shareholder meeting in May. ** Washington state Gov. Jay Inslee vetoed sections of an energy bill that would have given Eastern Washington residents more input and a broader, …
OU Partnership With Project Canary to Launch Energy ESG Certificate Program
A collaborative project to establish an environmental, social and governance energy leadership certificate program has been launched at the University of Oklahoma, according to a university press release. The Ronnie K. Irani Center for Energy Solutions in the Mewbourne College of Earth and Energy is partnering with Project Canary, an ESG-focused data analytics company, …
3.3 Magnitude Earthquake Shakes Edmond on Sunday Morning
Edmond residents were jolted by a 3.3 magnitude earthquake on Sunday morning. The quake occurred slightly after 10 a.m. The U.S. Geological Survey showed the epicenter was located 3.9 miles east-northeast of Edmond and 14 miles south of Guthrie. The depth was 7.1 km. There were no reports of damage.
Chesapeake CEO confident US will deliver on EU deal for more LNG
“Encouraged.” It’s the response of Chesapeake Energy leader Dominic J. Dell’osso to the deal announced Friday by President Biden and European Union leaders for the US to supply more natural gas to Europe during the Russian invasion of Ukraine. Dell’osso, Chesapeake’s CEO and President told CNBC’s “Power Lunch“ program the US definitely has the …
Oil prices shot up after terrorist attack
A missile attack on an oil distribution facility in Saudi Arabia sparked crude prices to increase to more than $120 a barrel at one point in Friday’s trading before prices settled for the day. West Texas Intermediate crude for May delivery rose $1.56 or 1.39% to settle at $113.90 a barrel on the New …
Baker Hughes reports rig activity growth in U.S.
While one company reported a large drop in rig numbers in the U.S., another, Baker Hughes, said there was a gain of 7 rigs in the past week across the country to reach a total of 670. Earlier, Enverus Rig Analytics reported a drop in the nation’s oil and gas rig count. The Baker …
