Your water heater is the latest target of the green-energy focused Biden Administration. The President’s Department of Energy unveiled energy efficiency standards on water heaters that it contends would save consumers $11.4 billion a year on energy and water bills. Such standars are required by Congress but haven’t been updated in 13 years. …
July 2023 archive
AG Drummond goes from Winter Storm bailout to bank bailout
The federal government’s bailout of banks caught up in the Silicon Valley financial crisis prompted Oklahoma Attorney General Gentner Drummond to lead several other attorneys general in urging the FDIC to reverse its course. Just a week after Drummond announced Oklahoma would perhaps file the largest lawsuit in state history in seeking billions over the …
ODOT seeks bids for statewide EV charging network
Oklahoma’s Department of Transportation announced the next step in building a statewide electric vehicle charging network. ODOT stated that it officially opened a Request for Proposals (RFP) for the implementation of the U.S. Department of Transportation, Federal Highway Administration National Electric Vehicle Infrastructure Formula Program Funding. Interested parties can submit proposals for funding consideration …
EPA Biofuels program sued over damage to wildlife and environment
While the Wynnewood refinery in Oklahoma is fighting the EPA over biofuels production mandates, the EPA is hit with a lawsuit filed by an environmental group which contends the US biofuel program is killing endangered species and harming the environment. CVR Refinery recently indicated it would fight the EPA’s rejection of waivers for the …
Headlines of other energy stories
** The Biden administration quietly entered into a court settlement late Friday with a coalition of environmental groups who have pushed for more wildlife protections from offshore oil development activity. In a stipulated stay agreement filed with the U.S. District Court for the District of Maryland, the National Marine Fisheries Service (NMFS) agreed to a number of conditions requested …
The Bill Gates nuclear power plant is under construction in western Wyoming
Kemmerer, Wyoming, where JCPenny opened its first store in Kemmerer in 1902 before going nationwide, is about to get the nuclear power plant proposed by billionaire Bill Gates. The first of 2,500 workers who will build the plant for his 10-year old energy company TerraPower, are already doing site surveys around the city of …
Higher land rates expected in New Mexico due to Biden administration’s latest oil and gas attack
Oil and gas companies wanting to explore on public lands in New Mexico will likely see increased drilling fees because of last week’s action by the Biden administration to put reins on the industry to an even greater extent by increased royalty and rental rates. What will it mean for E&P companies? Royalty rates …
Crude oil recorded another week of gains while OK energy stocks rose as well
While crude oil prices rose nearly 2% on Friday, recording a fourth consecutive weekly gain, Oklahoma energy stocks mostly recorded gains for the day. Prices made gains because of growing evidence of supply shortages in the near future. West Texas Intermediate crude, the U.S. benchmark, rose $1.42 or 1.9% to finish at $77.07 a barrel …
Nation’s rig count slipped again while Oklahoma saw a slight rebound
The nation’s number of active oil and gas rigs took another drop in the past week, according to Baker Hughes Co. while Oklahoma added one to reach 40 active rigs. The nation’s count fell by 6 to 669 including a decline of 7 oil rigs, leaving 530 while the number of gas rigs fell …
Permits to drill for July 21, 2023
Caddo County HONEY CREEK 1008 #7-18-1MXH, December 14 2022 12 10N 9W SENENENE API: 01523331 Lat: 35.362267391796564, Long: -98.0966466494333 CAMINO NATURAL RESOURCES LLC MU, AM, 23533 ft, MISSISSIPPIAN(12789), WOODFORD(13092)