Author's posts
JP Morgan buys up forestland in Oklahoma and 2 other states
(aerial shot of Campbell Global property in Oklahoma) An estimated 250,000 acres of forestland in Oklahoma, Arkansas and Mississippi were acquired by J.P. Morgan Global Alternatives as part of the firm’s push for climate improvements. The $500 million purchase, according to Morgan’s announcement was made with a goal of carbon capture and wood production. …
Colorado oil company threatened by state with loss of right to do business
Colorado oil and gas operator K.P. Kauffman is described as a “violation-plagued” firm and now the state is threatening to yank its ability to do business there unless it pays $1.9 million in fines and cleans up 78 production sites. The Colorado Sun reports Kauffman’s ability to sell oil and gas has already been …
Hamm predicts growth in oil and gas industry
Harold Hamm, Executive Chairman, Continental Resources, provided his thoughts on what the future holds for the U.S. energy industry, and the challenges and importance of domestic energy production, during a sold-out luncheon last week at the Hamm Institute for American Energy in Oklahoma City. “The workforce is the backbone of our industry,” Hamm said …
Turnpike opposition prompts support for Authority’s plan
Prompted by death threats and personal attacks on state Turnpike Authority officials over the toll road expansion through Norman, a transportation lobbyist has launched a campaign to support the state leaders. The Oklahoman reported Bobby Stem, director of the Association of Oklahoma General Contractors is leading the campaign. Click here for The Oklahoman
Energy headlines
** The U.S. EPA confirms it’s investigating claims that Texas regulators aren’t doing enough to enforce clean air and water rules. ** A bipartisan group of senators are introducing a bill aimed at limiting the sales of oil from the country’s emergency supply to entities controlled by China. The bill was put forward Wednesday and spearheaded by Sens. …
Five-well project fails to produce for OKC energy firm
A Stephens County project involving 5-wells on a single pad didn’t turn out well for Banner Oil & Gas LLC. The Oklahoma City company filed completion reports this week on the 5 Brown wells showing combined oil production was only 36 barrels of oil a day. All 5 wells, located about 9 miles north …
Quake rattled southern Colorado
Southern Colorado was rocked this week by a 3.1 magnitude earthquake. It was described as the state’s strongest quake in more than a year and occurred in an area around Trinidad, a place where other quakes have happened in the past several years reported Out There Colorado. Click here for Out There Colorado …
Senators introduce bill banning sale of oil to China companies
A bipartisan bill that would limit the sales of oil from the nation’s Strategic Petroleum Reserve to groups controlled by Communist China was filed Wednesday the Sens Joe Manchin, the Democrat from West Virginia and Ted Cruz, the Republican from Texas. It has the support of a bipartisan group of senators including Tom Cotton, …
Cushing hub sees more crude oil in storage
The buildup of crude oil in storage at the Cushing hub in northern Oklahoma had no letup in the past week, another sign of what has happened to petroleum inventories. The U.S. Energy Information Administration reports Cushing now holds, as of January 27, 2023, an estimated 38 million barrels of crude oil, a gain …
Bill filed to end residential solar power bans
A bill was filed prior to the start of the Oklahoma legislative session to end housing restrictions against residential solar power projects. Ardmore Rep. Tammy Townley filed House Bill 1023 which provides that an owners association, such as an HOA, may not prohibit the installation of solar energy systems. “This bill mirrors the Texas …