** The United States Supreme Court ruled Thursday that the Mountain Valley Pipeline may resume construction. The ruling vacates a 4th Circuit Court of Appeals decision earlier this month that halted the completion of the pipeline and called for a review of authorizations by the Bureau of Land Management and Forest Service for the pipeline to …
July 27, 2023 archive
Methane summit held without oil and gas representatives
Imagine holding a national summit to discuss planet-warming gas methane and you didn’t invite the oil and gas industry. It’s what the White House did Wednesday and the American Petroleum Institute wasn’t happy about it. “Tackling a challenge of this scale requires not just will and words, but action. We are disappointed that the …
GOP Representatives wage battle over lizard protections proposed by government
Republicans in Congress are lining up to do battle with the U.S. Fish and Wildlife Service over its proposed federal protections in the Permian Basin…protections seen by some as another way by the Biden administration to hurt oil and gas production. Some GOP Representatives in the House contend it is another case of overreach …
UP can’t offer risk analysis over controversial oil train through Colorado
In Colorado where counties, cities and some state officials are fighting the prospects of a train that will bring Utah oil across the state and eventually to Cushing, Oklahoma, the railroad can’t answer questions about the risks associated with the transportation. Rod Doerr, Union Pacific’s chief safety officer, recently told Colorado lawmakers the company …
EIA study suggests declining rig counts will show declining activity in rest of the year
A new report from the government suggests drilling activity is likely to declilne in the coming months of 2023 as reflected by declining rig counts. The following is the report from the U.S. Energy Information Administration: Financial results for 40 publicly traded exploration and production (E&P) companies show capital expenditures in the first quarter …
NOV reports 7% increase in 2Q earnings
NOV Inc., a Texas company with drilling rigs throughout Oklahoma, reported second quarter 2023 revenues of $2.09 billion, an increase of seven percent compared to the first quarter of 2023 and an increase of 21 percent compared to the second quarter of 2022. Net income for the second quarter of 2023 was $155 …
Federal regulations might prevent rural Texas from getting broadband funding
A report suggests large rural areas of Texas might not get some of the $3.3 billion in federal money awarded the state last month to expand braodband infrastructure across the state. The Texas Tribune says federal regulations will require that small telecommunications companies will have to put up large amounts of money in order …
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