May 29, 2023 archive

Rep. Lucas says Energy Department decision to revoke $200 million award raises more questions

  House Science, Space, and Technology Committee Chairman Frank Lucas sent a fourth letter to the Department of Energy (DOE) regarding a grant to Microvast, a company with close ties to the Chinese Communist Party (CCP). Earlier, DOE communicated to Committee staff that Microvast would not be receiving the $200 million award as initially announced. While …

Continue reading »

Crude oil made weak gain on Friday

Crude oil rose slightly on Friday, prior to the start of the Memorial Day holiday and did so because of confusion from Russia and Saudi Arabia ahead of the coming OPEC+ policy meeting. West Texas Intermediate crude rose 84 cents or 1.2% to close at $72.67 a barrel on the New York Mercantile Exchange. Global …

Continue reading »

AG Drummond says Supreme Court made the right call in WOTUS fight with EPA

Attorney General Gentner Drummond lauded the U.S. Supreme Court’s 5-4 ruling yesterday in Sackett v. EPA, a decision that limits the authority of the Environmental Protection Agency. At issue was the EPA’s Waters of the United States (WOTUS) rule that had been opposed by Oklahoma and other states. “I am pleased the U.S. Supreme Court has …

Continue reading »

Oil and gas rig numbers continue a free fall in Oklahoma and the U.S.

  The nation’s oil and gas firms cut another 9 rigs from their active list reported Baker Hughes Co., a drop that included 7 more in Oklahoma as the state’s rig count fell to 46 and more were put in storage. Baker Hughes indicated Oklahoma’s count is 13 fewer than one year ago. Nationally, the …

Continue reading »

Other energy headlines

** The highly-anticipated debt ceiling package House Republicans and President Biden announced on Sunday includes a provision fast-tracking a massive 303-mile West Virginia-to-Virginia natural gas pipeline project for approval. ** When the U.S. Supreme court recently ruled against the EPA and the Army Corps of Engineers in a Waters of the US fight, all but one conservative …

Continue reading »