Completion reports filed this week show more gas-well drilling in eastern Oklahoma. At the same time, more permits for new drilling were issued including three wells to be drilled amidst Oklahoma City business sites. Three reports were filed this week by Trinity Operating of Houston showing production from gas wells drilled last year in …
U.S. Sen. James Lankford took to the Senate floor this week to question how the President’s call for unity contradicts his partisan execution actions taken during his first two weeks in office. In his first ten days as President, Biden signed 22 executive orders including those that targeted the oil and gas industry with …
Oklahoma U.S. Sen. James Lankford was named this week by Senate GOP Leader Mitch McConnell to join the Senate Committee on Energy and Natural Resources making him one very busy member of Congress. Lankford will remain on the Senate Committee on Finance, the Senate Select Committee on Ethics, the Senate Committee on Homeland Security and …
Tulsa’s Magellan Midstream Partners LP reported its net income in the fourth quarter suffered a 36% drop because of the COVID-19 pandemic and the slashed demand for refined products. Net income for the quarter was $183.9 million compared to $286.4 million from a year ago. The company leadership blamed not only the pandemic but …
While President Biden made unilateral moves against the oil and gas industry without consulting its leaders, his EPA nominee Michael Regan told Oklahoma U.S. Sen. Jim Inhofe on Wednesday he will “bring everyone to the table” before making his big decisions. Regan went before the U.S. Senate Environmental and Public Works Committee where he …
Oil futures were up in Wednesday’s trading and so were shares of Oklahoma energy stocks. It was the third straight trading session for an increase in oil and gas shares as global inventories continued to slide. West Texas Intermediate crude for March delivery ended up 93 cents to close at $55.69 a barrel in …
A State legislator in Texas wants to adopt a law similar to one in Oklahoma that would prevent local governments from prohibiting or restricting the use of natural gas in residential and commercial buildings. Rep. Jay Dean filed House Bill 1501 which is called the Natural Gas Protection Act. He said in a press …
Tulsa’s ONE Gas, Inc. plans to release its fourth quarter and full year 2020 financial results on Feb. 17. The company said the results will be released after the closing of market on that Wednesday. A conference call will be held by the company’s executive management team the next day, Thursday Feb. …
Oklahoma Congresswoman Stephanie Bice was among Republicans in Congress who gathered Tuesday in Houston to criticize President Biden for his actions against the oil and gas industry. The Freshman U.S. Representative said his policies were “decimating” the industry. She spoke during a news conference at the Port of Houston where House Minority Leader Kevin …
Saying no president should have the authority to do what Biden did last week to the Keystone XL pipeline, Oklahoma Congressman Markwayne Mullin says it’s why he introduced a bill to prevent such actions in the future. He called the President’s cancellation of the line “Biden’s Assault on American Energy” and wrote about it …
