Despite Monday being a federal holiday in the states, crude oil prices rose in trading after an attack on an oil pipeline pumping station in the Caspian Sea interrupted flows of oil from Kazakhstan. Western firms including Chevron and Exxon Mobil were among those using the line. The attack came a day before U.S. …
Category: Oil & Gas
Attorney General wants public to know he’s watching natural gas prices
Oklahoma Attorney General Gentner Drummond wants voters to know he’s paying close attention to natural gas supply and marketing activity as the state braces for a week of what he calls dangerously cold temperatures. In a press release issued Monday, Drummond said his agency is committed to making sure Oklahomans are not exploited as they …
Guess what’s going up? Natural gas prices
Don’t look now, but natural gas prices are slowly growing across the U.S. and the winter weather is the obvious culprit. We’re just four years away from the historic 2021 winter storm Uri where natural gas prices in Oklahoma soared to more than $1,200 per MMBtu, the highest price ever recorded in the U.S. …
Western oil and gas advocate chosen to head BLM
Another leader of a Colorado-based oil and gas industry group has been chosen by President Donald Trump to head the Bureau of Land Management. Kathleen Sgamma, president of the Western Energy Alliance, was appointed BLM director, an agency that manages a quarter-billion acres of public land. She has been president of the Energy Alliance …
Oil and gas rig count grows in Oklahoma and U.S.
Oklahoma saw a gain of one rig in the past week, according to the latest oil and gas rig count provided by Baker Hughes Co. Despite frigid winter weather in the state, the number moved up to a total of 44 oil and gas drilling rigs in the various energy plays. A year ago, …
Senate committee approves bill putting restrictions on high voltage transmission projects
The Senate Judiciary Committee has approved legislation to ensure greater oversight of high-voltage electric transmission projects in Oklahoma. Senate Bill 352, authored by Sen. Todd Gollihare, would require electric transmission facilities to obtain a certificate of authority from the Oklahoma Corporation Commission before exercising eminent domain to construct or expand a transmission facility rated …
Oklahoma Petroleum Alliance to hold reception for legislators
The annual legislative reception held by the Oklahoma Petroleum Alliance will be this week, giving legislators a chance to mingle and learn more about the state’s oil and gas industry from leaders and members of the organization. As announced by the Alliance, the event will be Feb. 19, Wednesday evening from 5 o’clock to …
Energy briefs
** The Trump administration has approved a Texas port capable of shipping 1 million barrels of oil a day proposed by Sentinel Midstream LLC. The project, first proposed in 2019 and known as the Texas GulfLink Deepwater Port, had been awaiting a final authorization from the Transportation Department’s Maritime Administration. ** General Motors is closing a …
Canada allows exemptions for ConocoPhillips
ConocoPhillips announced that it has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. The company became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of Marathon Oil Corporation in November 2024, which made it subject to Canadian continuous disclosure and other reporting obligations …
Mach dividend announced
Mach Natural Resources LP announced that the board of directors of its general partner declared a quarterly cash distribution for the fourth quarter of 2024 of $0.50 per unit. The quarterly cash distribution is to be paid on March 13, 2025, to the Company’s unitholders of record as of the close of trading on …