The Texas Senate has passed a bill that is similar to one in Oklahoma’s legislature but would also penalize renewable energy sources in the state. SB 388 would set a target for 50% of new power plant capacity to be “sourced from dispatchable generation other than battery energy storage.” An earlier version of the …
Only two oil plays across the U.S. recorded increased drilling activity in the past week and both are in Oklahoma. The Ardmore Woodford jumped from 3 to 6 drilling rigs, reported the Baker Hughes Co. in its latest rig report. The Arkoma Woodford, noticeably absent from any drilling activity for several weeks, saw its first …
**Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from from Occidental Petroleum, which is looking to shed debt after last year’s acquisition of CrownRock, reported Hart Energy. ** Interior Secretary Doug Burgum announced plans to reopen 82% of Alaska’s National Petroleum Reserve and the 1.56-million-acre Coastal Plain of …
In this episode we discuss what energy moguls were discussing this week with President Trump at the White House. Plus Williams Co. CEO Alan Armstrong’s take on the negative impact on energy choices being posed by the extreme political left…AND political right.
Crude oil prices rose on Friday while Oklahoma energy stocks fell into negative territory. The crude oil gains came after new U.S. sanctions on Iran and its oil program. West Texas Intermediate crude rose 21 cents or 0.3% to close at $68.28 per barrel on the New York Mercantile Exchange. Brent crude gained 16 …
Oklahoma saw a gain of two to reach 53 oil and gas rigs operating in the state, according to the latest rig count released by Baker Hughes Co. The increase compares to the 44 active rigs reported one year ago. Baker Hughes reported the nation saw a gain of one to reach 593 rigs. …
The action of the U.S. to issue new Iran-related sanctions combined with rising tensions in the Middle East sent crude oil prices up nearly 2% in Thursday’s trading. Washington’s fourth round of sanctions on Iran’s oil sales since Donald Trump became President targeted for the first time a Chinese “teapot” or independent refinery as …
This week’s decision by a North Dakota jury to hold Greenpeace liable for $660 million damages to Energy Transfer’s Dakota Access pipeline during protests several years ago has civil rights attorneys saying it will have a chilling effect on public protest. One attorney said it was a loss for the First Amendment and the …
Hit with a jury’s decision to pay more than $660 million in damages for defamation of Energy Transfer company, Greenpeace says it has no intention of coughing up the money and will appeal this week’s decision by a North Dakota jury. “The fight against Big Oil is not over today,” Greenpeace International General …
When Williams CEO Alan Armstrong recently said he would not build a natural gas pipeline in New York and other New England states because of their past opposition to natural gas, he was speaking from experience. And he doesn’t like what he remembers who his firm was treated by those states. He vowed not …
