** The White House has asked energy companies to help lower fuel prices amid a worldwide rise in energy costs, Reuters reported. Oil and gas companies have spoken with the White House in the preceding days regarding the request, two sources familiar with the matter told Reuters. ** The U.S. Department of Energy (DOE) awarded a contract to a …
Mammoth Energy cites more documents to get paid by Puerto Rico
Oklahoma City’s Mammoth Energy Services revealed more documents in its fight to get $325 million it says it is owed from electrical restoration work following Hurricane Maria’s hit on Puerto Rico in 2017. The latest was a memo indicating Mammoth’s subsidiary Cobra Acquisitions would be paid nearly $62 million in taxes it prepaid in …
Oil and Gas Expo to draw thousands
An estimated crowd of 3,800 is expected on hand Thursday for the annual Oklahoma Oil & Gas Expo in Oklahoma City. Nearly 200 exhibitors will be part of the event at the Bennett Center on the State Fairgrounds. The expo, sponsored by the Sustaining Oklahoma’s Energy Resources division of the Oklahoma Energy Resources Board, …
Crude oil prices slip and OK energy stocks suffer
Crude oil prices slipped in Wednesday’s trading but in the U.S., prices still remained above $80 a barrel while overseas they stayed at more than $83. Some Oklahoma energy stocks recorded losses as much as 8%. West Texas Intermediate crude for November delivery dropped 20 cents or 0.3% to $80.44 while global benchmark Brent …
Republicans want scientific justification for Paris agreement emissions reductions commitment
Led by Oklahoma Rep. Frank Lucas, the Republican members of the House Science, Space and Technology Committee want answers from President Biden on how his administration set its greenhouse gas emissions reduction target for the Paris Climate Change Agreement. Their letter was sent to the White House ahead of the November meeting of the United …
Oklahoma roadside workers sound alarm about deadly roadside risks
A new AAA survey of Oklahoma roadside workers, including police, fire maintenance and utility crews and tow drivers, sheds an alarming light on dangerous driving behaviors that have resulted, nationally, in hundreds of deaths at the roadside. More than 50% of Oklahoma roadside workers polled* said they have had at least one near miss incident or felt their life …
Stitt uses energy industry leadership for campaign fundraising
Oklahoma Gov. Kevin Stitt launched his re-election campaign fundraising this week with a focus on the harm the Biden administration has caused to the country’s oil and gas industry and Oklahoma’s energy leadership. In a fund-raising letter, Stitt started by saying, “When I saw President Biden begging the OPEC cartel to produce more oil, …
LSB says loss in shares Tuesday was fault of New York Stock Exchange
Oklahoma City-based LSB Industries, Inc. says a mistaken announcement by the New York Stock Exchange that halted trading of its shares on Tuesday caused a 30% drop in its prices. The halt in trading was to address the impact on the stock price of the dividend paid by the Company on October 8, 2021 …
More drilling in Oklahoma
The latest permits to drill in Oklahoma indicate there’ll be more rigs set up in Grady, Hughes and Roger Mills Counties. Continental Resources Inc. will continue its drilling in Grady County with two wells, SILVER STRATTON #4-6-31-30XHW, and the SILVER STRATTON #3-6-31-30XHW on a single pad at 04 4N 5W, a site about 3 miles …
More energy stories in brief
** State and utility officials in Iowa and North Dakota tell customers to brace for soaring heating bills this winter due to global supply and demand issues. ** Exxon Mobil Corp said that a vote to remove the United Steelworkers union from representing locked-out workers at its Beaumont, Texas, refinery would go forward no matter the outcome of a contract …
