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 …
October 2021 archive
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 …
Kansas Gas seeks $105 million penalties on natural gas providers
Kansas Gas Service, the subsidiary of ONE Gas based in Tulsa is attempting to reach a deal to recover $100 million from its large customers who didn’t provide enough natural gas during the historic February winter storm. The Kansas Reflector reported a settlement plan was filed last week with Kansas regulators by Kansas Gas …
Low-carbon hydrogen development pushed by Phillips 66
Phillips 66 announced this week it is partnering with Plug Power Inc. to develop low-carbon hydrogen businesses. The announcement followed Phillips 66’s declaration last month that it intended to cut greenhouse gas emissions. Click here for Reuters report.
Denver-based energy group files to go public
Denver’s Desert Peak Minerals Inc. is apparently going public. Back by three major private equity funds, the company filed paperwork to set up a public offering this year and be traded on the New York Stock Exchange. Desert Peak Minerals is a company that does not carry out oil and gas exploration. Instead it …
