April 12, 2024 archive

Growing worries about escalating warfare in the Middle East sent crude prices up on Friday

  The growing prospects of an Iranian response to an apparent attack by Israel that killed 7 Iranian military members in Syria resulted in a Friday 1% gain in crude oil prices. Some believe Iran might respond and added to Israel’s fighting in Gaza, it only resulted in more concern about what it could do …

Continue reading »

Nation’s oil and gas rig count dropped while Oklahoma held steady

  The nation’s count of active oil and gas rigs dropped in the past week, falling by 3 and leaving 617 rigs pursuing new energy in the U.S. The rig count provided by Baker Hughes Co. on Friday indicated Oklahoma held steady at 44 rigs, still 14 below the count from a year ago. The U.S. …

Continue reading »

Judge sends OKC landfill gas fight back to Oklahoma County District Court

  Oil and gas producers aren’t the only ones who can be used in disputes over royalty payments. The owners of the site where Oklahoma City created a landfill 12 years ago recently won their fight to keep the lawsuit in Oklahoma County District Court and out of federal court. It’s a battle over gas …

Continue reading »

Chesapeake Energy and Southwestern prepare for special shareholders meetings to vote on proposed merger

  Chesapeake Energy has filed a proxy statement indicating it plans a special shareholders meeting to seek approval of its proposed $7.4 billion merger with Houston-based Southwestern Energy. But the filing with the SEC did not declare a date or time for the meeting as it apparently is undecided because of a request by the …

Continue reading »

Farm supporters fight proposed solar project near Lawrence, Kansas

    Evergy’s plan for a 600-acre solar farm near Lawrence, Kansas has generated opposition by residents who believe it will remove valuable farmland from agricultural production. It even drew the attention of noted land artist Stan Herd who created an earthwork installation that reads: “Save Prime Farmland. Relocate Utility Solar.” If Douglas County planners …

Continue reading »

Energy quick reads

** Ford said it will begin shipping to North American dealers 144,000 of its redesigned F-150 and Ranger pickup trucks that it built but held back until now in an effort to head off quality problems. ** American greenhouse gas emissions rose 1 percent between 2021 and 2022 but fell nearly 17 percent from 2005 levels, …

Continue reading »

Colorado Governor wants investigation of Xcel Energy’s decision to turn off power during high wind storm

  Colorado Gov. Jared Polis has entered the fray over Xcel Energy’s decision last week to shut off power during a weekend wind storm that packed winds of 100 miles an hour. He’s ordered an investigation after Boulder County officials complained the utility firm’s decision was made without much notice. Some customers were without power …

Continue reading »

BNSF fights administration’s two-person train rule

  Burlington Northern Santa Fe, the freight train operator with tracks all throughout Oklahoma, is one of four railroads asking federal appeals court to throw out a new Biden administration rule requiring two-person train crews. The railways contend the rules unveiled last week from the Federal Railroad Administration are arbitrary, capricious and an illegal abuse …

Continue reading »

Lankford, Mullin and others fight latest EPA rules targeting oil and gas

    U.S. Sens. James Lankford and Markwayne Mullin were among those forming a coalition of Republican lawmakers in introducing a bill to overturn the President’s environmental regulations targeting oil and gas drilling. Their bill targets the EPA’s rules that were finalized last year to curb methane and other air pollutants. “Oklahomans don’t need another …

Continue reading »

Environmentalists call supertanker terminal approval “disastrous”

  Environmentalists who typically supported the Biden administration in its anti-oil and gas moves were dashed this week when the federal government approved what will be the largest supertanker Sea Port Oil Terminal off the coast of Texas. Environmentalists called it a betrayal by the administration in paving the way for a $1.8 billino project …

Continue reading »