The Texas Railroad Commission wasted little time in starting an investigation into whether oil and gas operations and wastewater disposal wells were linked to last week’s 5.1 magnitude earthquake that rattled the Permian Basin. The quake was centered about 28 miles north of Midland and was one of the strongest recorded in Texas history. …
** An agriculture industry watchdog sues Arkansas-based Tyson Foods for misleading consumers by marketing “climate friendly” beef and pledging to achieve net-zero emissions by 2050 despite the near impossibility of mass-producing beef in ways that benefit the climate. ** Sen. Josh Hawley (R-Mo.) expressed optimism this week that lawmakers would soon reach a deal to extend radiation …
The president’s senior climate advisor is praising the country’s increasing domestic gas output. Rigzone.com notes the surprising supportive statement from John Podesta. The US is now the world’s top oil producer, pumping half-again as much crude as Saudi Arabia. Podesta says, “That’s good for the American consumer and good for national security.” Podesta made the …
Oklahoma City’s Mammoth Energy Services Inc. says a Title III Court judge has approved a settlement agreement the company reached regarding a fight over delayed payments from Puerto Rico for the firm’s power restoration work following 2017 Hurricane Maria. The settlement was with the Puerto Rico Electric Power Authority (PREPA) and won approval …
(Williams President and CEO Alan Armstrong meets with University of Oklahoma summer interns and Williams employees in the rotational program who graduated from OU.) The University of Oklahoma announced that a significant gift from Williams will allow the university to grow student support and mentorship programs, as well as degree offerings across multiple …
The auto website known as TheAutoWire.com raised some recent questions about to what extent the Environmental Protection Agency, working in force with the Justice Department, might go in targeting those with so-called “emissions defeat devices.” It pointed out that the latest target of the EPA’s endeavours was Rudy’s Performance Parts which was hit with …
Crude oil prices ended up lower on Friday, but still managed a second straight week of price gains. Prices were helped by the interest rate cut announced by the Feds, plus a drop in the U.S. crude stocks. Both Brent and WTI finished up more than 4% for the week. West Texas Intermediate crude …
The U.S. Senate passed legislation authored by Senators James Lankford (R-OK), Gary Peters (D-MI), and Mitt Romney (R-UT) to reduce American reliance on China and other adversarial nations for critical minerals. “The United States should not depend on communist China to keep our critical mineral supply chain running. Relying on China for critical minerals means relying on …
Baker Hughes reported a small decline in the number of active oil and gas rigs in the U.S. while Oklahoma remained steady at 41 rigs. But what of the oil and gas plays? The Permian Basin added one rig to reach 307 in the area of west Texas and southeast New Mexico. The …
After a big gain reported last week by Baker Hughes in its weekly rig count, the U.S. experienced a decline this week while Oklahoma was unchanged. The U.S. numbers declined by two to 588 rigs. The number of oil rigs remained at 488 while the gas rig count fell one to 96 and the …
