The Chinese connection first reported by the Southwest Ledger concerning a controversial proposed hydroelectric power project along the Kiamichi River in southeast Oklahoma caught the attention of Congressman Josh Brecheen. As a result, he came out this week against the project proposed by the Southeast Oklahoma Power Corporation’s project in LeFlore and Pushmataha Counties, …
Bartlesville, once the headquarters for Phillips 66, got some troubling news this week when the oil company, now headquartered in Houston, confirmed the layoffs of 20 workers at the Oklahoma facilities. The company announced last week there would be a round of layoffs at different operations but its Bartlesville Business and Innovation Center …
Crude oil prices dropped 1% in Wednesday’s trading, largely because of an unexpected surge in U.S. crude inventories and further easing of worries about an all-out war in the Middle East between Iran and its allies against Israel. US benchmark, West Texas Intermediate dropped $1.37 or 1.8% to settle at $76.98 a barrel on the …
A Houston company sued by Attorney General Gentner Drummond and accused of fraud over historic high natural gas prices during Winter Storm Yuri in 2021 is asking an Osage County Judge to transfer the case to Texas. Symmetry Energy Solutions, LLC maintains the lawsuit filed in April on behalf of the Grand River …
The Oklahoma Attorney General is putting up more of a fight in the lawsuit against State Treasurer Todd Russ over his enforcement of the state’s controversial Oklahoma Energy Discrimination Elimination Act. The Act is better known as an “anti-ESG” law created to protect Oklahoma’s oil and gas industry from discrimination by financial firms. This …
The U.S. saw a slight buildup of its crude oil stocks in the past week while the Cushing Hub in Oklahoma experienced a decline. The U.S. Energy Information Administration reported the nation’s crude stocks grew by 1.4 million barrels from 429.3 recorded on August 2 to 430.7 million barrels as of August 9. The …
Mach Natural Resources LP recorded a slight drop in its net earnings in the second quarter, according to the financial report released this week by the Oklahoma City company. At the same time, the company expects to reduce its drilling and rig activity. It had reported net income of $40 million and adjusted EBITDA …
** An oil company reports it plans to begin operations next summer at a $1.3 billion direct air capture project in Texas as it absorbs one of the Permian Basin’s largest independent oil producers. ** As she looks to secure Pennsylvania voters for the upcoming presidential election, Vice President Kamala Harris is trying — and struggling — to dodge …
Oklahoma State Treasurer Todd Russ is among those who believe politics about climate change has entered what are generally accepted accounting procedures. They want an end to the practice. He and 25 other state financial officers wrote to the Financial Accounting Standards Board for its actions to politicize what is known as GAAP or Generally …
Just as northeast Oklahoma saw the launching this week of what is described as the second largest direct air capture project in the world, Occidental Petroleum plans to do the same with a $1.3 billion project in the Permian Basin of West Texas. But the company’s project will become the world’s largest DAC operation. …
