Prospect Energy LLC just got the boot from the state of Colorado. Facing $1.7 million in fines for dozens of violations, the oil and gas company lost its right to operate in the state and was ordered by the Energy and Carbon Management Commission to clean up its facilities. The fines stemmed from dozens of …
Starbuck is giving a shot in the arm to Tulsa’s Empire Petroleum company. Not the Starbucks drive-in coffee place but the Starbuck oil play in North Dakota. Empire indicated in its second quarter financial report that it saw big increases and gains in oil production from the play. Big increases indeed. Empire stated the …
A new report by Cheniere Energy, Inc. claims the company now produces 50% of U.S. liquid natural gas and at the same time is a leading supplier to Europe. The claim is part of Cheniere’s 2023 Corporate Responsibility Report titled “Energy Secured, Benefits Delivered.” Cheniere has a heavy presence in Oklahoma where it obtains …
** Iowa Attorney General Brenna Bird led a coalition of eight state attorneys general in filing a court brief supporting Ohio’s lawsuit against the Environmental Protection Agency (EPA) over California’s electric vehicle mandates. Bird is joined by the Republican attorneys general from the states of Idaho, New Hampshire, North Dakota, South Dakota, Tennessee, Virginia and …
Bartlesville, once the headquarters for Phillips 66, got some troubling news this week when the oil company, now headquartered in Houston, confirmed the layoffs of 20 workers at the Oklahoma facilities. The company announced last week there would be a round of layoffs at different operations but its Bartlesville Business and Innovation Center …
Crude oil prices dropped 1% in Wednesday’s trading, largely because of an unexpected surge in U.S. crude inventories and further easing of worries about an all-out war in the Middle East between Iran and its allies against Israel. US benchmark, West Texas Intermediate dropped $1.37 or 1.8% to settle at $76.98 a barrel on the …
A Houston company sued by Attorney General Gentner Drummond and accused of fraud over historic high natural gas prices during Winter Storm Yuri in 2021 is asking an Osage County Judge to transfer the case to Texas. Symmetry Energy Solutions, LLC maintains the lawsuit filed in April on behalf of the Grand River …
The Oklahoma Attorney General is putting up more of a fight in the lawsuit against State Treasurer Todd Russ over his enforcement of the state’s controversial Oklahoma Energy Discrimination Elimination Act. The Act is better known as an “anti-ESG” law created to protect Oklahoma’s oil and gas industry from discrimination by financial firms. This …
The U.S. saw a slight buildup of its crude oil stocks in the past week while the Cushing Hub in Oklahoma experienced a decline. The U.S. Energy Information Administration reported the nation’s crude stocks grew by 1.4 million barrels from 429.3 recorded on August 2 to 430.7 million barrels as of August 9. The …
Mach Natural Resources LP recorded a slight drop in its net earnings in the second quarter, according to the financial report released this week by the Oklahoma City company. At the same time, the company expects to reduce its drilling and rig activity. It had reported net income of $40 million and adjusted EBITDA …
