ExxonMobil says it is selling its Barnett Shale gas assets in north Texas in a $750 million deal with Denver-based BKV Corporation. BKV is a company with ownership in Thailand and was founded in 2015 by Kalnin Ventures, the fund manager of BKV Oil and Gas Partners, owned by Banpu PCL, a diversified energy …
May 2022 archive
Enverus reports slight dip in rig numbers across U.S.
The U.S. rig count dipped by one in the last week to 789 as of May 18, according to Enverus Foundations. The count is up 1% in the last month and up 49% in the last year. Activity levels reached as high as 811 during the last week, which is up by 21 compared …
Rep. Cole says Biden won’t accept blame for energy crisis
Oklahoma’s U.S. Representatives in the House didn’t think much of the Democrats and their Consumer Fuel Price Gouging Prevention Act, one opposed by all 5 members who are Republicans. Four Democrats were among those who opposed the measure while every Republican in the House voted against it. The measure, officially known as H.R. 7688, the …
Oklahoma sees slight relief in diesel fuel prices
Gasoline prices might be grabbing most of the attention when it comes to fuel prices, but truckers and farms in Oklahoma and across the U.S. are feeling an even bigger pinch. The national average of $5.57 a gallon is its highest on record, two cents higher in the past week and 53 cents more …
Big 12 claims another national renewable energy championship
Another Big 12 school has claimed a national championship when it comes to renewable energy efforts. The U.S. Department of Energy (DOE) convened universities and wind energy experts from around the country in the 2022 Collegiate Wind Competition (CWC). Kansas State University rose above 11 other competing teams to claim first place in the annual …
Cooler weather returns this weekend in Oklahoma
The latest drought monitor shows the dry conditions in western Oklahoma and the Panhandle are not easing. Eastern Oklahoma is a complete opposite of the conditions on the western part of the state—thanks to a lot of rain in recent weeks. While there isn’t much relief coming in the change of weather in terms …
Additional energy headlines
** ConocoPhillips is suing the state of Alaska to stop it from publicly releasing well data associated with its huge Willow oil discovery, located on the western edge of the state’s North Slope oil fields. ** Gasoline prices are set to hit $6 a gallon on average in the US, says JPMorgan. Strong demand for …
EIA expects solar and wind to be larger sources of U.S. electricity generation this summer
A new government report predicts this summer that the U.S. will see its largest increases in electric power sector generation from renewable energy sources. The prediction comes from the U.S. Energy Information Administration in its Summer Electricity Outlook, “We forecast utility-scale solar generation between June and August 2022 will grow by 10 million megawatthours (MWh) …
Tax exemption bill okayed by Oklahoma Senate
The Oklahoma Senate has approved a move to re-create the exemption on motor vehicle and tractor trailer sales tax. Click here for McCarville Report
Earthquakes continue in West Texas
The U.S. Geological Survey reports there has been no letup in the earthquakes rumbling throughout West Texas over the past week. Eleven have been recorded since May 11 reported the Midland Reporter-Telegram. Click here for Midland Reporter-Telegram
