Two Texas congressmen want a faster decision from Environmental Protection Agency Administrator Lee Zeldin in giving the Texas Railroad Commission the authority over carbon capture wells in the state. Reps. Dan Crenshaw and August Pfluger, in a letter to Zeldin, urged him to expedite the Railroad Commission’s application for primary enforcement responsibility of …
** Ontario Premier Doug Ford said on Monday that he would block energy exports to the United States “with a smile” if U.S. President Donald Trump moved ahead with plans for a 25 percent tariff on Canadian goods. ** In response to the likelihood of the current Trump administration increasing tariffs across the board, the Solar Energy Industries Association …
Layoffs are coming at Lyondell Basell Industries’ Houston refinery and they will total more than 300 workers. The total of 345 workers represents 86% of the workforce at the refinery according to Reuters. Click here for Reuters
Crude oil prices on Monday hit their lowest closes since early December, falling nearly 2% to a 12-week low and the drop dragged Oklahoma energy stocks down too, some as much as 11%. The drop in prices came after it was reported OPEC+ will move ahead with a planned oil output increase in April. …
The Oklahoma Department of Environmental Quality is processing the application of a New Hampshire company to build a bioprocessing plant to produce renewable natural gas from poultry litter. Argo Development Partners recently applied for a permit to construct what would be the first such plant in the state. The company is seeking a permit to …
Mach Natural Resources LP recently announced the successful closing of a senior secured reserve-based revolving credit facility with a syndicate of ten banks, including Truist Bank as administrative agent and collateral agent. The New Credit Facility has an initial borrowing base of $750 million. Mach used borrowings under the New Credit Facility—along with …
Only two of the nation’s oil and gas plays saw a gain in active rigs in the past week, according to the latest Baker Hughes rig count. While the plays in Oklahoma remained steady, the Permian Basin added one rig to increase to 305 and the Haynesville did the same increase, creating a total …
A lot has changed since 2022 when Oklahoma lawmakers created a law outlawing ESG or Environmental, Social and Governance applications by financing companies such as BlackRock Inc., the world’s largest asset manager. In recent months, BlackRock, known for being on the state Treasurer’s list of companies banned from doing business with state agencies, has …
The head of the New Mexico Oil and Gas Association says if a bill in the state legislature is approved to create an 85% tax increase on oil production, it will drive oil and gas production to Oklahoma and Texas. Further, Missi Currier, President of the group called it a direct threat to thousands …
Whether it is in direct response to the firing by Attorney General Gentner Drummond of attorneys hired last year by State Treasurer Todd Russ to defend a lawsuit challenging an anti-ESG law isn’t clear at this time. But the Oklahoma Senate Judiciary Committee on Tuesday will consider Bartlesville Sen. Julie Daniels’ SB 419 …
