Colorado energy regulators are targeting some major oil companies such as Chevron and Oxy, accusing them of falsified emissions data for 344 oil wells in the state. Colorado’s Energy and Carbon Management Commission recently flagged the emissions against the major firms as well as Civitas, a company also accused of filing an unnamed number …
Category: Oil & Gas
Energy briefs
** A New Jersey judge dismisses a state lawsuit against oil companies, saying the claim that they deceived the public about the climate impacts of fossil fuels needs to be heard at the federal level. ** Marathon Petroleum, the largest US refiner and a major buyer of Canadian crude, sees ample opportunity to switch to domestic …
Crude oil prices tumble on increased supplies in US
A big build in U.S. crude and gasoline stocks sent crude oil prices tumbling more than 2% on Wednesday. At the same time, there are growing worries about the effects of a new China-U.S. trade war and there is a soft demand for gasoline. One analyst told Reuters,“Refiners just don’t have a call for …
Scott Mitchell Talks Energy with Jerry Bohnen—a review of the Governor’s energy agenda
Scott Mitchell talks energy with Jerry Bohnen and the two take a closer look at the energy plan in Gov. Stitt’s ‘State of the State’ message and why gas prices are headed up, courtesy OklahomaMemo.com.
Symmetry Energy cleared of price gouging in Arkansas
Four years after the Hot Springs, Arkansas Convention Center cried foul about a $238,000 monthly gas bill during the 2021 winter storm Yuri, the state’s attorney general concluded it was not price gouging. He cleared a gas supplier who remains accused of gouging Oklahoa utilities in the same storm. The Hot Springs Advertising and …
Energy is missing from goals of House Democrats
Oklahoma House Democrats came out this week with their legislative agenda and one thing absent was any reference or mention of energy issues. No mention of oil and gas, drilling, natural gas, fighting eminent domain, the Corporation Commission, or electrical transmission lines. Instead, the Democrats identified other topics of concern. Democratic leader Rep. Cyndi Munson …
US crude stocks make big gain in past week
The nation’s crude oil stocks surged in the most reporting period, jumping nearly 9 million barrels. Crude held at Oklahoma’s Cushing Hub declined a small amount. The latest report from the U.S. Energy Information Administration update showed as of January 31, the nation’s total in crude oil was 423.8 million barrels, up 8.7 million …
Legislators take first look at reducing gross production tax on oil
Two of the tax measures to be considered by a state House subcommittee this week deal with energy, including one calling for a reduction in the gross production tax on oil production. Another bill by Rep. Brad Boles, HB1372, would reduce the gross production tax on recovery wells that are on the state corporation …
Gross production revenue grew in January in Oklahoma
State tax revenue from Oklahoma’s oil and gas production saw a gain of more than 6% in January, according to the latest tax receipt report from the State Treasurer. Gross Production Tax revenue totaled $84 million which was a gain of $4.8 million or 6.1% over the previous month. Overall tax receipts for …
Energy briefs
** President Trump wants to increase drilling to lower oil prices, but producers are hesitant. Sources told The Wall Street Journal that White House advisers recognize this and don’t expect the US shale industry to increase output. Corporate leaders have hinted as much in recent earnings commentary, cautioning not to expect a major drilling ramp-up. ** President Donald …