More money was paid last year by U.S. oil and gas companies to foreign governments than they paid in the U.S.—eight times more, according to filings now required with the Securities and Exchange Commission. The total was more than $42 billion paid by Exxon Mobil, Chevron Corp, and ConocoPhillips to foreign governments. The …
Category: Oil & Gas
Here’s how rig numbers play out in the country’s oil and gas plays
Of the nation’s various oil and gas plays, the Permian Basin remained strongest in the past week, based on the number of active rigs as reported by Baker Hughes Co. The Permian Basin count declined one rig to 306 rigs active in west Texas and southeast New Mexico. The Eagle Ford of south Texas …
Senator wants 74,000 acres in western Colorado off-limits for oil and gas drilling
Colorado U.S. Sen. Michael Bennett is trying to get the support of Congress to block new oil and gas drillilng on 74,000 acres in the western part of his home state. The Democrat filed the Gunnison Outdoor Resource Protection (GORP) Act, a new legislative proposal that would safeguard more than 700,000 acres of public …
Report says nationwide crackdown on peaceful oil and gas protesters started in Oklahoma
A report by The Guardian contends Oklahoma was the first state to target anti-fossil fuel protesters and it led to a nationwide movement by lobbyists and legislators to create a crackdown on peaceful protests against oil and gas expansion. The Guardian’s reported investigation claimed the lobbyists worked for major North American oil and gas …
Commissioner Hiett fights legislators’ move to prohibit him from votes on major utilities
Oklahoma Corporation Commissioner Todd Hiett responded Friday to the claims of three state legislators who want him prohibited from further votes on fuel cases involving ONG, OG&E and PSO. On the deadline for him to respond to the claims of Reps. Tom Gann, Kevin West and Rick West, Hiett’s attorneys said the request …
Energy briefs
** Time is running out to avoid the first major strike at shipping terminals along the East and Gulf coasts in nearly 50 years. A group of Biden administration officials, including Transportation Secretary Pete Buttigieg and Acting Labor Secretary Julie Su, are meeting with United States Maritime Alliance representatives to negotiate a deal and prevent …
Arkansas landowners fight proposed lithium royalty rate
(AP/Rodrigo Abd) Dozens of landowners and businesses in Arkansas are putting up a fight against a 1.82% royalty on lithium in the state. Reports indicated at least 74 owners and firms filed objections with the Arkansas Oil and Gas Commission. They want the regulators to throw out five lithium companies’ joint application to establish …
Oil and gas rig counts hold steady in Oklahoma and most of U.S.
The number of oil and gas rigs active across the U.S. and in Oklahoma were steady over the past week, according to the latest Baker Hughes Co. rig count released on Friday. The report showed Oklahoma remained at 41 active rigs. The number compared to 35 rigs reported a year earlier. The U.S. count …
JB Hunt adds more hydrogen electric trucks to its fleet
J.B. Hunt Transport Services Inc., one of the largest supply chain solutions providers in North America, announced that it has added 20 Nikola Tre fuel cell electric vehicles to expand sustainability solutions for customers with freight needs along the West Coast. “Our expertise, resources and relationships uniquely position us to help our customers pursue …
Devon finishes $5 billion acquisition of Grayson Mill Energy
Devon Energy Corp. announced that it has completed its previously announced $5 billion acquisition of Grayson Mill Energy. The Oklahoma City-based oil and gas company said the acquisition adds a high-margin production mix that enhances Devon’s position as one of the largest producers in the U.S. The transaction transforms the company’s Williston Basin business, with …