“I’m a little mystified that there hasn’t been some dialogue.” In a frank discussion about energy, inflation and rising crude oil and gasoline prices, Devon Energy leader Rick Muncrief admits he is puzzled the White House hasn’t reached out to the oil and gas industry rather than vilifying it. In an interview this week in …
US crude climbs above $100 while gas prices increase in Oklahoma
The American Automobile Association headline on its story about gasoline prices characterized things as reflecting “war’s dark uncertainties” and it was right. As Russian forces pushed forward in their deadly invasion of Ukraine, crude oil prices as of Tuesday morning in the U.S. had risen nearly $8 or more than 8% per barrel, reaching …
Oklahoma and others fight EPA’s new tailpipe emissions standards
The Environmental Protection Agency finds itself under more legal fire, being sued by Texas, Oklahoma and other states over the tailpipe emissions directive the agency issued in December 2021. Attorney General Ken Paxton in Texas led the 14-state coalition, calling the new tailpipe rules “unnecessary” that “will create a deliberate disadvantage to Texas and …
Williams executives to speak at energy gathering
The CEO of Williams will be among the world’s energy industry leaders to speak at the approaching 40th annual CERAWeek by IHS Markit in Houston, Texas Alan Armstrong, President and Chief Executive Officer will address delegates on Wednesday, March 9, speaking on Building Energy Infrastructure for Tomorrow. The session will address the future of energy …
Texas pipeline operator sues over California coastal leak
A Houston-based oil company on Monday sued two container ship operators and an organization that helps oversee marine traffic, saying they failed to prevent last fall’s underwater pipeline leak off the Southern California coast. Amplify Energy Corp., which owns the pipeline that ruptured and faces a criminal charge for its oversight, claims that in …
Phillips 66 sets new goal for reduction of greenhouse gas emissions
Phillips 66 announced that it intends to reduce the greenhouse gas emissions intensity from its operations companywide 50% by 2050. The new target builds upon the company’s previously announced Scope 1 and 2 GHG emissions reduction targets. “We are committed to being part of the solution and helping the world address climate change,” said …
Gulfport Energy reports improved 4Q earnings and focus on the Utica
A restructuring at Oklahoma City-based Gulfport Energy led to $558.1 million in fourth quarter 2021 net income and $224.9 million of adjusted EBITDA. The company said its operations during the quarter generated $128.3 million net cash and $133.9 million of free cash flow. It compares to $126.3 million of net cash flow and $69.7 …
Gains reported by Civeo in 4Q report
It’s been a rough few years for man-camp operator Civeo, the Houston-based company that a few years ago laid off workers from its small Oklahoma operation. This year is different as Civeo reported fourth quarter 2021 operating cash flow of $25.3 million, adjusted EBITDA of $34.5 million and free cash flow of $26.1 million. …
A wind blade junk pile—not in our state say some Nebraska residents
Landowners and residents of the southwest Nebraska city of Sidney are keeping a wary eye on a pile of old wind turbine blades stored just across the state line in Colorado. They want to make sure the blades aren’t buried in their state. Nebraska legislators are considering legislation to ban the disposal of old …
Chevron to buy biodiesel producer for $3.15 billion
Chevron Corp. confirms it is acquiring Iowa based Renewable Energy Group, a leading U.S. biodiesel producer in a $3.15 billion deal. Renewable Energy, also known as REG, is based in Ames and Chevron is acquiring the firm of $61.50 a share reported The Des Moines Register. Click here for Des Moines Register
