ConocoPhillips provided a preliminary first-quarter 2021 operational and financial update on Wednesday including a drop in oil production caused by the major winter storm in February. The company said it expects first-quarter production to be 1,470 to 1,490 thousand barrels of oil equivalent a day. It cited a drop of 50 MBOED in what …
As the leaders of major advertising companies in the U.S. no doubt drive around in their gasoline-powered vehicles and fly in executive jets powered by fuel from oil and gas refineries, they have launched a growing campaign to compare fossil fuels to big tobacco. OilPrice.com pointed out this week how activists are trying to …
Cheniere Energy has officially expanded its Corpus Christi, Texas liquefied natural gas export plant with the arrival of a third train. The Houston company, which obtains some of its natural gas from Oklahoma’s STACK and SCOOP plays, announced the implementation this week of Train 3 which recently was authorized by the Federal Energy Regulatory …
The city of Austin, Texas, a place where liberals like to spread its reputation of being “weird” just got into a fight with the state legislature—a fight over a ban of natural gas use. The GOP House of Representatives moved quickly this week to approve a bill that would ban natural gas hookups in …
Still confused about President Biden’s decision to axe the Keystone XL pipeline? Oil and gas industry supporters still decry the move and see it as a Democratic president caving to the extreme left including environmentalists. Others contend it was a move made to stave off climate change and help clean the nation’s environment. An …
Up Monday, down Tuesday. It’s what happened to crude oil prices and Oklahoma energy stocks also had a down day. West Texas Intermediate crude for May deliver fell $1.01 to $60.55 a barrel in Tuesday’s trading on the New York Mercantile Exchange. Global benchmark Brent crude dropped 84 cents to $64.14 a barrel on …
Oklahoma energy explorers busy in New Mexico’s share of the Permian Basin will soon be faced with new and stricter venting and flaring rules, all in the name of reducing greenhouse gas emissions. The New Mexico Oil Conservation Commission voted unanimously last week in support of a final rule to eliminate routine venting and …
The Federal Energy Regulatory Commission is urged by U.S. Senators from North Dakota to give quick approval to a 60-mile pipeline that they contend will cut methane emissions in the state. Their request focuses on WBI Energy Transmission’s North Bakken Expansion project. If approved, the project would provide incremental firm capacity from six gas …
Four years after the Bureau of Land Management approved a fracking plan for more than 935,000 acres of land with a potential development of nearly 4,000 new oil and gas wells in western Colorado, a federal judge has approved an order rescinding the plan. The ruling last week came in a lawsuit brought by …
Oklahoma’s Republican U.S. Sens. Jim Inhofe and James Lankford were among 13 republican oil state senators who urged EPA Administrator Michael Regan to use his general waiver authority to reduce Renewable Fuel Standard blending requirements. The requirements are part of the U.S. Supreme Court challenge made by CVR Energy, operator of the Wynnewood refinery. …
