Congressman Tom Cole says it’s time the country had a plan and act on it to reverse the damage President Biden has done to the nation’s energy security by draining the Strategic Petroleum Reserve to its lowest level in 40 years. Writing this week, the Oklahoma Representative declared, “The Biden Administration’s ongoing war on …
If the federal government forecast is accurate, natural gas prices at the Henry Hub in Louisiana will drop nearly half of what they were in 2022. All because of a warm winter. The forecast from the U.S. Energy Information Administration predicts natural gas prices at the Hub will average at $3.40 per million British …
The same soaring prices for natural gas and fuels that resulted in challenging utility bills in Oklahoma prompted one governor to order a state agency to do something about it. While those same increased bills and assistance were not mentioned in Oklahoma Governor Kevin Stitt’s State of the State Address on Monday, Colorado Gov. …
Despite severe weather problems in the fourth quarter, Northern Oil and Gas, Inc. announced a cash dividend in the amount of 34 cents per share, a 13% increase from the previous quarter. The increased dividend will be payable on April 28. At the same time, company management indicated it will submit a recommendation to …
** California Governor Gavin Newsom called for federal energy regulators to investigate a recent hike in natural gas prices that has resulted in sky-high utility bills. Newsom, a Democrat, asked the Federal Energy Regulatory Commission in a letter to look into whether market manipulation, anticompetitive behavior or other activities have driven up the cost of …
In his State of the State address Monday to the Oklahoma legislature, Gov. Kevin Stitt spoke of protecting Oklahomans and promoting freedoms and for more steps to promote excellence in education. He touched on energy a few times in his speech to the 59th Legislature. At one point, the governor said, “Let’s continue to …
Mammoth Energy Services, Inc. announced that it will disclose its 2022 fourth quarter and full year financial results after the market closes on Thursday, February 23, 2023. In conjunction with the earnings release, the company has scheduled a conference call and webcast to discuss fourth quarter and full year results the same day at …
Crude oil prices made a 1% gain in Monday’s trading despite growing concerns about slower growth in major economies. At the same time, Oklahoma energy stocks suffered losses. West Texas Intermediate crude gained 72 cents or 1% to $74.11 a barrel on the New York Mercantile Exchange. WTI earlier hit a high of $74.41 …
New Mexico is among the states considering a fee for electric vehicles to offset the loss of revenue from the state’s tax on gasoline, money used for road repairs. Legislators are debating SB 22 which is focused on tax credits for electric vehicles according to the New Mexico Political Report. Click here for New …
Oklahoma City’s Continental Resources won a federal court fight over a well operation in South Dakota. The Eighth Circuit Court of Appeals in St. Louis, Missouri ruled in favor of the oil and gas company in a fight with a South Dakota couple who sued for damages to their land when Continental drilled a …
