Oklahoma congressman Tom Cole says President Biden’s first year in office was a destructive one, leading to higher energy prices and failed energy policies as well as empty store shelves. He made the claim in a weekly column released this week: At the beginning of 2021, President Joe Biden entered office as the 46th …
Continental Resources strongest industry leader in Oklahoma
There’s a good reason Harold Hamm recently bought millions of dollars in shares of his company, Continental Resources. It’s the leader of Oklahoma industries in earnings over 2021. The Oklahoman reported Continental had a 625% increase in earnings per share. Click here for The Oklahoman.
Crude oil prices finished up before Christmas
Energy investors are wondering if crude oil prices will continue their rebound after settling above $73 last week for the first time in four weeks. It came as analysts and scientists indicated the omicron COVID-19 variant might be less severe than previous strains. West Texas Intermediate crude for February delivery finished up $1.03 or …
Energy Dept awards 2nd amount of strategic reserve oil to Marathon
Marathon Petroleum Corp. has been awarded a second batch of crude oil from the strategic petroleum reserve by the U.S. Energy Department as part of President Biden’s plan to lower energy costs. Bloomberg reports Marathon will receive 250,000 barrels of crude oil as part of an exchange from the Strategic Petroleum Reserve, the Department …
Florida might deny drilling permit to Texas energy company
Environmentalists and protesters are already gearing up to fight efforts by a Texas energy firm to carry out oil exploration in Florida’s Big Cypress National Preserve. The Fort Myers News-Press reports the state of Florida is also encouraging Burnett Oil to withdraw its plans until more information is provided on how seismic testing and oil …
First responders receive Devon Energy’s Christmas cheer
Devon Energy employees got in the holiday spirit by delivering treats and toys to western Oklahoma first responders. They surprised hard-working heroes with goodies at 14 fire and sheriff departments. Devon employees also worked with Youth and Family Services to provide toys from kids’ wish lists.
Devon Energy responds to minor oil leak near Calumet
Devon Energy says it’s working to remediate a minor spill of less than one barrel of oil from some of its tanks in Canadian County. As KFOR News reported recently, the leak was discovered last Sunday morning. In response to the report, Lisa Adams, Head of Communications at Devon Energy told OK Energy Today …
Nation’s rig count grows according to Baker Hughes report
While Oklahoma was unchanged with 48 oil and gas rigs active in the state, the nation’s count increased by 7 to 586 according to the latest report from Baker Hughes Co. The firm reported the most recent count included 5 additional oil rigs for a total of 480 while the number of gas rigs …
$43 million purchase of Baker Hughes Super Center in OKC
The Baker Hughes Super Center in north Oklahoma City has a new owner. Tenmark Holdings recently acquired the center that is comprised of three industrial buildings and an office building in a $43 million deal. The center is located at 12701 N Santa Fe Avenue in the city. Led by Michael Schau of …
OKC federal judge criticizes US Supreme Court ‘McGirt’ ruling
The final say of the U.S. Supreme Court might be considered the “law of the land” but Oklahoma City federal Judge Stephen Friot thinks the high court’s McGirt ruling that returned control of Indian tribal land to several tribes also created “havoc.” As The Oklahoman reported, Judge Friot “excoriated” the Supreme Court decision as …
