Oil futures gained on Wednesday as U.S. crude supplies declined for a second week in a row, but U.S. benchmark prices fell short of reclaiming the $40 mark, with coronavirus-related lockdowns in Europe raising expectations for weaker energy demand. Plus, oil stocks at Cushing remained at 54 million barrels. MarketWatch reported that on its …
Oklahoma U.S. Sen. James Lankford and three other Senators as well as a Texas Congressman contend the federal production tax credit for energy renewables should be eliminated and phased out. They suggest it’s time to sunset the credit for wind power. Lankford as well as Kevin Cramer (R-ND), John Hoeven (R-ND) and Shelley Moore …
The Oklahoma Corporation Commission is asking for public input regarding electrical restructuring as it works on development of energy resources in the state in order to make a presentation to the upcoming legislature. In an announcement this week, Brandy Wreath, Director of the Commission’s Public Utility Division said the electrical restructuring was a last-minute …
The natural gas coalition called ONE Future or Our Nation’s Energy Future announced that Oklahoma’s ONE Gas, Inc. has joined the coalition. It’s a group designed to recognize the importance of improving methane emissions. It brings the total number of member companies of ONE Future to 29. Member companies represent some of the largest U.S. …
New Mexico’s proposed regulations on methane emissions from oil and gas facilities continue to meet criticism from environmentalists and industry leaders alike as the public comment period for the drafted rules ended last week. Click here to read the full story in the Carlsbad Current-Argus.
“As we emerge from this crisis I look forward to continuing our work with the Trump Administration. Wyoming will be stronger and much better off because of it.” Wyoming Gov. Mark Gordon Wyoming Gov. Mark Gordon says the Trump administration has done much to help his state, especially when it comes to the energy …
An American energy investment company with investments in Oklahoma’s Anadarko Basin pledged $8.5 million to a project to develop oil and gas assets in the Permian Basin owned by Shell Oil Company. The Carlsbad Current-Argus reports that U.S. Energy Development Corporation announced the transaction on Sept. 16 to acquire interest in the horizontal well …
** EPA Administrator Andrew Wheeler says he believes forest management issues are a more significant factor than climate change in Western wildfires. ** LyondellBasell to cut Houston refinery staff by 10% on pandemic losses. ** Maine approves the largest procurement of clean energy in state history with the vast majority of projects awarded to solar developers. ** Transco pays Pennsylvania nearly …
Fracking-services company FTS International Inc. filed for bankruptcy protection Tuesday after reaching an agreement with creditors on a debt-for-equity swap following a downturn in the energy sector and lower demand for its services. The Fort Worth, Texas, company filed a prepackaged plan that erases nearly $440 million in debt from its balance sheet in …
Lots of money is pouring into the North Texas Senate campaign of Shelley Luther and it’s coming from West Texas oil and fracking billionaires. The Dallas Morning News reported that newly-released finance reports show Midland oilman Tim Dunn loaned $1 million to the salon owner’s campaign, while Cisco fracking billionaire Farris Wilks and his wife, Jo Ann, chipped …
