New Mexico elected officials recently went before Congress to testify in support of proposed federal rules that are meant t o increase conservation uses on public land. Testimony came from congresswoman Melanie Stansbury, a Democrat, and New Mexico Public Lands Commissioner Stephanie Garcia Richard. Both supported the plan by the Bureau of Land management …
Category: Oil & Gas
Energy permitting projects—right in middle of debt debate
The overhaul of the nation’s permitting process for big energy projects is right in the middle of what Republicans want as they negotiate with President Biden during the debt-limit talks. With a default deadline approaching this week, the issue has been on the table according to House Speaker Kevin McCarthy. Click here for Bloomberg
Texas congressman says EPA plans to weaponize rules against Permian Basin
Talk about foot-dragging. It’s what Texas Congressman August Pfluger says he encountered with the Environmental Protection Agency as he attempted to confirm it’s threat to declare all of the Permian Basin a non-attainment area for ozone control. The Odessa American reports that it took the Republican congressman more than a year to get a …
How Texas turned away from supporting renewable energy projects
Texas legislators took a turn this year in their support for renewable energy projects—wind and solar. Their previous support created the number one renewable energy producing state in the country. But this year, legislators reversed their support and decided through legislation, to do more to support the fossil fuel industry that made the oil …
Devon pays $16 million for leases in BLM’s land sale in New Mexico
Devon Energy was one of the top spenders in a recent government sale of oil and gas drilling rights on 10,000 acres of federal lands in Kansas and New Mexico. The auction attracted more than $78 million in high bids and Devon was successful in obtaining drilling rights in New Mexico, the nation’s second-largest …
Vital Energy shareholders take part in annual meeting
Shareholders in Tulsa’s Vital Energy, Inc. took part in the company’s recent annual meeting of stockholders and upon recommendation of the firm’s board of directors elected four members to the board. Elected to the board were Dr. Craig M. Jarchow, Jason Pigott, Edmund P. Segner, III and Dr. Shihab Kuran along with John Driver. Shareholders …
Crude oil made weak gain on Friday
Crude oil rose slightly on Friday, prior to the start of the Memorial Day holiday and did so because of confusion from Russia and Saudi Arabia ahead of the coming OPEC+ policy meeting. West Texas Intermediate crude rose 84 cents or 1.2% to close at $72.67 a barrel on the New York Mercantile Exchange. Global …
Oil and gas rig numbers continue a free fall in Oklahoma and the U.S.
The nation’s oil and gas firms cut another 9 rigs from their active list reported Baker Hughes Co., a drop that included 7 more in Oklahoma as the state’s rig count fell to 46 and more were put in storage. Baker Hughes indicated Oklahoma’s count is 13 fewer than one year ago. Nationally, the …
Other energy headlines
** The highly-anticipated debt ceiling package House Republicans and President Biden announced on Sunday includes a provision fast-tracking a massive 303-mile West Virginia-to-Virginia natural gas pipeline project for approval. ** When the U.S. Supreme court recently ruled against the EPA and the Army Corps of Engineers in a Waters of the US fight, all but one conservative …
Crude oil prices and OK energy stocks go hand in hand in Thursday’s losses
Not only did crude oil prices tumble Thursday but so did Oklahoma energy stocks with some falling 6% and 7% for the day. Crude took a hit after Russia’s Deputy Prime Minister Alexander Novak played down any prospects of more OPEC+ production cuts at the meeting scheduled for next week. U.S. benchmark, West Texas …