Tuesday’s slight drop in crude oil prices came as a result of increased crude output in the US while supplies increased in Libya and Norway. North Dakota, whose oil production had plummeted 700,000 barrels a day because of recent frigid and nasty winter weather saw a return in output but remained down about 300,000 bpd. …
The next meeting of State Regulators will again focus mostly on rulemaking changes. In the Wednesday afternoon meeting that starts at 1:30, Corporation Commissioners will consider rule changes dealing with rules of practice, oil and gas conservation, fuel inspection, underground and above ground oil storage tanks, and Corrective Action of Petroleum Storage Tank Releases. …
Some members of the House Science committee chaired by Oklahoma Rep. Frank Lucas are calling for improvements in oil and natural gas pipelines across the U.S. The maze of lines buried across the country is the focus of modernization efforts by Science, Space and Technology Committee members Rep. Randy Weber (R-TX) and Rep. Yadira …
Energy and energy-related topics won’t be in short supply when the Oklahoma legislature goes into the 2024 session in a few weeks. A cursory review of the 1,463 bills filed for the approaching Second Session of the 59th Legislature showed nearly two dozen energy bills. Some of those we’ve been able to identify include: …
Senator James Lankford joined five other U.S. Senators this week in filing a bill to prevent the U.S. from being dependent on Communist China for critical minerals. Together with Sens. (R-OK), John Cornyn (R-TX), Mark Warner (D-VA), Todd Young (R-IN), Angus King (I-ME), and John Hickenlooper (D-CO), they introduced the Critical Minerals Security Act. Their …
BlackRock Inc., the firm banned by the state of Oklahoma from handling any state investments because of its ESG policies remains a big investor in another Oklahoma energy firm. A filing with the Securities and Exchange Commission by ONE Gas showed BlackRock is the owner of 14.5% of the shares in the Tulsa-based firm. …
Demand response services provider and energy management consultant NuEnergen, based in New York, announced a partnership to bring automated demand response to users of the Southwest Power Pool through a collaboration with OBM Foreman, an industry leading miner management and curtailment software provider. This integration allows for rapid response to grid constraints by adjusting …
Here’s how much oil production was lost in North Dakota because of the recent frigid weather—700,000 barrels a day. That’s the figure from Lynn Helms, Director of the North Dakota Department of Mineral Resources, who offered his etimate after historic low temperatures stopped oil and gas operations in the Bakken. It was the impact …
Halliburton Co., the firm with a big footprint all over Oklahoma, announced this week an increase in its latest quarterly dividend. The payout will be up 6% to 17 cents a share, which is the highest dividend since the start of the COVID pandemic. The increase came after Hallibulrton’s fourtho-quarter earnings beat expectations …
Major mergers and takeovers of oil and gas firms last year in the U.S. reached a record $192 billion, more than triple the value of deals made in 2022 reported Enverus. The total did not include the recent $7.4 billion dollar merger between Oklahoma’s Chesapeake Energy with Southwestern Energy of Houston because it was …
