“Quite honestly our customers are starting to grow leery of the promises of low-cost, renewable energy.” It’s what one North Dakota leader told Oklahoma U.S. Sen. James Lankford and others on a Senate committee exploring ways to cut energy costs. North Dakota is a state heavy with oil and gas activities by Oklahoma energy …
July 14, 2022 archive
Iowa farmers fight carbon capture pipelines
Iowa farmers went before a state board this week asking that the power of imminent domain be revoked in the proposed construction of three carbon-capture pipelines in the state. Their plea was made to the Iowa Utilities Board as the farmers made it clear they do not want to be forced into selling land …
2Q earnings report to be released by Ovintiv
Leadership at Denver-based Ovintiv Inc. will share second quarter results in early August. The company announced the financial and operating results will be made public after the close of markets on Wednesday, August 3. A conference call will follow on Thursday, Aug. 4 at 7 a.m. central time. In May, Ovintiv announced first quarter …
Cushing crude oil stocks made slight gain
Cushing crude oil stocks made a slight gain from early July reported the U.S. Energy Information Administration. As of July 8, the northern Oklahoma oil hub held about 21.6 million barrels of oil, an increase of nearly 300,000 barrels from July 1. A year ago on July 9, Cushing held more than 38 million …
Senators fight export of US oil to China
Oklahoma U.S. Sens. Jim Inhofe and James Lankford joined a handful of other Republican Senators this week in filing a bill to prevent the Biden administration from exporting any of the nation’s Strategic Petroleum Reserve oil to nations like China. Lankford and Texas Sen. Ted Cruz introduced the No Emergency Crude Oil for Foreign …
Rep. Mullin—no surprise that gas prices increased in Biden administration
As he campaigns for the U.S. Senate, Oklahoma Congressman Markwayne Mullin continues with his criticism of the Biden administration’s energy policies. In his latest column, the Republican Representative said it’s no surprise the loss of the nation’s energy independence has come with consequences and the most obvious to consumers is sthe increased pain at …
Growing heat wave in Texas results in another grid operator warning
The lingering heat wave over Oklahoma, Texas and other Midwestern states resulted in a third emergency step taken by the Texas power grid operator in an effort to avoid rolling blackouts. Soaring electricity demand has threatened to be more than electrical suppliers can provide as temperatures climb to more than 100 degrees on …
Study warns of more earthquakes in the Permian Basin
Researchers at the University of Texas in Austin have come out with a new report warning there could be more earthquakes in the Permian Basin because of continued oil and gas exploration. It’s a region where numerous Oklahoma oil and gas companies are among those drilling new wells. The study, published by the university’s …
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