** The Biden administration announced Tuesday it will protect 28 million acres of public lands in Alaska, reversing a Trump administration effort to open them up to development. The move protects the lands from mining as well as oil and gas extraction. ** The number of publicly available electric vehicle (EV) chargers has doubled since Biden took office, the …
Category: Oil & Gas
Exxon Mobil looking for buyer of some of its Permian Basin holdings
Could be another big sale of oil assets looming in the Permian Basin as Exxon Mobil Corp. revealed it’s looking to unload some of its older wells that produce small amounts of oil. The company confirmed the move to Bloomberg which reported such a sale could approach $1 billion, depending on the price of …
Crude oil prices slide more than 2%
Concerns about slower economic growth in both the U.S. and China were blamed for bringing down crude oil prices Tuesday. They fell 2% as investors were said to be worried the slow economies will reduce demand for energy. Some analysts were overly concerned about the more than 2% slide in prices, explaining it was within …
$31 million ONG rate hike approved by Corporation Commissioners
Customers of Oklahoma Natural Gas are bracing for a $31 million rate hike approved Tuesday by the Oklahoma Corporation Commission. The approval raises a question whether one of the Commissioners should have taken part in the procedure. Approved on a 2-1 vote, the $31,423,612 rate increase will mean a hike of $1.33 a …
Halliburton confirms it was hit with a cyberattack
Halliburton has confirmed it was a victim of a cyberattack late last week and it was forced to remove some of its systems offline. The company revealed the attack in a filing and explained it discovered the intrusion on Wednesday that an ” “unauthorized third party gained access to certain of its systems.” Reuters reported the …
Greens back off criticism of Harris so Trump won’t win election
Green energy groups that once held protests over the energy policies of President Biden are so intent on making sure Donald Trump isn’t re-elected President, they are backing away harming the chances of Vice President Kamala Harris. In other words, elect Harris to see what her policies will be. Driving their intent is Trump’s …
Energy briefs
** Extreme heat killed more Americans in 2023 than any other year over nearly a quarter century of records, according to research published Monday in the Journal of the American Medical Association. At least 2,325 people died from the heat last year, according to the study, which included deaths with heat as both an underlying and contributing …
Oklahoma has nation’s lowest gasoline price average
Gasoline prices in Oklahoma continue dropping to their lowest levels in a few years, reaching a new statewide average of $2.89 per gallon, reports AAA. The Oklahoma average is the lowest of any state in the nation. Oklahoma’s average is a dime less than a week ago and and 24 cents below the $3.13 …
Libya’s oil production cuts sent crude prices higher Monday
Oil production cuts announced in Libya sent crude oil prices upward by 3% on Monday and was no top of the 2% gains recorded by both benchmarks last Friday. Libya’s reductions added to nagging worries about escalating conflict in the Middle East. Some analysts also say weak oil inventories at Cushing, Oklahoma, the key U.S. …
Evergy hires CFO away from OGE
Evergy’s gain is a loss for Oklahoma Gas and Electric. Evergy,Inc., the Kansas City-based power company with 1.7 million customers in Kansas and Missouri announced the hiring of W. Bryan Buckler to become the company’s executive vice president and chief financial officer effective Oct. 1 of this year. It also means OG&E will …