Oklahoma legislators have been busy in preparation for the start of the legislative session next month and showed it with the filing of nearly 1,500 bills. The House announced Friday the total of bills filed for the second session of the 58th Legislature was 1,482 while 18 House Joint Resolutions and 2 House Concurrent …
January 2022 archive
Rig numbers make gains in Oklahoma and rest of U.S.
A report on Friday by the Baker Hughes Co. stated that the number of oil and gas rigs in the U.S. increased by 3 to 604 in the past week and Oklahoma’s count grew as well. The Oklahoma count grew by one to 50 rigs. A year ago, the state had 17 active oil …
Crude oil prices closed the week with another decline
Accessibility statementSkip to main content Crude oil prices finished the week with a nearly $2 fall in the U.S. and half a buck in Europe. Oklahoma energy stocks recorded losses for a second straight day. West Texas Intermediate crude for March delivery dropped $1.76 to $85.14 a barrel in trading on the New York Mercantile …
Out of the “boneyards” to be rebuilt at Tinker AFB
An old “boneyards” Boeing B-52 was expected to arrive over the weekend at Tinker Air Force Base in Oklahoma City where it will eventually serve as a test prototype for modernization efforts, including an upgrade in engines. KOKH 25 TV reports the plane, named “Damage Inc. II” was shipped by truck from Davis-Montham Air …
Court orders FERC to review Miami’s flooding complaint against GRDA
A Federal appeals court has ordered the Federal Energy Regulatory Commission to take another look at flooding claims made by the city of Miami in the northeast corner of Oklahoma. The D.C. Circuit ruled the city provided “powerful” evidence showing the Pensacola Dam’s operation caused flooding and that FERC didn’t study the evidence presented …
Schlumberger posts increased 4Q earnings report
Schlumberger said its fourth quarter earnings helped make 2021 an even stronger year for the company as its had revenue of more than $6 billion that represented 6% growth over the previous quarter and 13% more than a year ago. The firm said it had fourth-quarter cash flow from operations of $1.93 billion and …
Drillers show more interest in Canadian County
As we’ve noted, Canadian County, one of the counties that make up the STACK has been getting growing interest from oil and gas exploration companies. Chaparral Energy LLC and Ovintiv are two firms that received recent permits to drill from the Oklahoma Corporation Commission. Chaparral Energy has an amended permit for the FAIRWEATHER 1207 #2SMHX-13-12, located …
Other energy news headlines for Monday
** The House oversight committee has invited key board members at four oil majors, Exxon, Shell, Chevron and BP, to testify in February about the industry’s role in climate change and spreading “disinformation,” turning up the heat on big oil after lawmakers grilled their CEOs last year. The hearing is set for Feb. 8. ** American Electric …
Colorado governor now wants to delay gas fee he earlier approved
Six months after Colorado Gov. Jared Polis signed a transportation funding bill that included a 2-cent-a-gallon fee on gasoline, he wants to delay implementation because of high gasoline prices in his state. With gasoline prices averaging $3.29 a gallon, the governor announced his move this past week, something that drew immediate criticism from his …
Energy Transfer relents over unpaid bill in Texas
Energy Transfer backed off its threat to cut off natural gas supplies to Vistra Corp’s power plants in Texas over an unpaid $21.6 million bill stemming from the February 2021 winter storm. After threatening to cut supplies to power plants that provided electricity to 400,000 customers, Energy Transfer stated it would continue supplying …