Chesapeake Energy joined Equitrans Midstream Corporation this week in creating a coalition to increase methane monitoring throughout the Appalachia Basin. Called the Appalachian Methane Initiative or AMI, the goal of the leading U.S. natural gas operators is to increase methane emissions reductions in the region. The coalition brings together two of the top five …
January 2023 archive
Little pollution impact is expected from upcoming public land sale in Permian Basin
The Biden administration admits that the leasing of New Mexico public land in an upcoming sale to the oil and gas industry would have little impact on pollution. The Bureau of Land Management published an environmental assessment Jan. 4 for an auction of oil and gas leases planned for May, offering 19 parcels on 3,280 acres …
NTSB head warns of accident risks involving heavy electric vehicles
Now the National Transportation Safety Board is concerned about an aspect of electric vehicles—their increased weight and what it means if they are in an accident with lighter vehicles. Jennifer Homendy, head of the NTSB raised the issue in a speech to the Transportation Research Board, pointing out how an electric GMC Hummer weighs …
Permits to drill for January 11, 2023
permits: none were processed today
Completion reports for January 11, 2023
completions: none were processed today
Crude oil made 3% gain Wednesday and took OK energy stocks along for the ride
Oil prices rose 3% on Wednesday and Oklahoma energy stocks had a good day as well. It proved to be a one-week high for crude based on an improved global economic outlook. Analysts indicated the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. West Texas Intermediate crude …
Cushing sees 2.5 million barrel increase in crude oil storage
Just as the U.S. Energy Information Administration reported it believes there will be record crude oil production this year, there has been a sizeable increase in storage in oil at the Cushing hub in northern Oklahoma. The EIA reported that as of Jan. 6, 2023, there was a total of 25.3 million barrels of …
Lawsuit leveled against OKC energy company over damage to wildlife refuge and theft of water
Revolution Resources LLC, the company formed 5 years ago, stands accused of damaging Oklahoma City’s Stinchcomb Wildlife Refuge and stealing water from the North Canadian River. The company and contractor Select Services were hit with a lawsuit in Monday in Oklahoma County District Court. (CJ-2023-158) reported The Oklahoman. The suit alleges the oil company …
Devon Energy’s 4Q results to be released in February
Devon Energy plans to release its fourth-quarter and full-year 2022 reports in early February. The results will show whether the Oklahoma City energy firm indeed suffered a 2% drop in crude oil production as it said in a report released this week. Devon blamed the expected decline on the December winter storm that shut …
Bice says congress must halt Biden’s anti-American energy agenda
In a message she called “Welcome to the Republican Majority,” Oklahoma congresswoman Stephanie Bice called for an end to what she said was President Biden’s anti-American energy agenda. Her call came in a letter to constituents in which she said it was also time to resume energy production in states like Oklahoma. Rep. Bice charged …
