Legal moves taken by Oklahoma Attorney General Gentner Drummond to defend the state treasurer in a lawsuit attacking the constitutionality of the Oklahoma anti-ESG law go before an Oklahoma County District Judge on Friday—the same judge who suspended enforcement of the Act a few months earlier. District Judge Sheila Stinson, who temporarily halted enforcement …
Category: Oil & Gas
Democrats in Congress want fast implementation of rules to cut methane emissions
New Mexico U.S. Sen. Martin Heinrich, a Democrat on the Senate Energy and Natural Resources Committee led a push by 40 lawmakers for Transportation Secretary Pete Buttigieg to put the wraps on a strong Gas Pipeline Leak Detection and Repair Rule to reduce methane emissions, especially in the nation’s oil and gas fields. …
Oklahoma still one of the cheapest places for gasoline in the country
Despite rising from $3 a gallon average in the past month to $3.14 a gallon for gasoline this week, Oklahoma remains one of the top ten states with the cheapest gasoline prices in the country. AAA reported the new state average is a penny lower than a week ago but 14 cents higher than …
Energy briefs
** An anonymous whistleblower will receive more than $37 million for helping financial regulators investigate misconduct, according to the US Securities and Exchange Commission. Neither the enforcement action nor the identity of the whistleblower were disclosed, following agency policy. ** Several environmental advocacy groups, including the Environmental Integrity Project, Earthjustice and the Sierra Club have …
John Deere is latest to dump ESG and DEI policies
While DEI and ESG policies are in Oklahoma news— the lawsuit challenging the state’s anti-ESG law and how BlackRock has been banned from state business, two more major companies have decided to drop their similar policies. And both are synonymous with Oklahoma farming. John Deere, the farm equipment maker is the latest to announce …
Earnings drop reported by Blackstone
Blackstone, one of the most dominant financial firms blacklisted by Oklahoma over the company’s ESG policies that discriminate against the oil and gas industry, reported a drop in earnings for the second quarter. The company announced it made profit gains in credit and private equity but also suffered a drop from fee-related earnings that …
ONEOK dividend declared
Investors in ONEOK, Inc. are being given a nearly one dollar a share dividend as the result of action this week by the board of directors, an action that will result of nearly $4 a year for each owned share. The board voted to support a quarterly dividend of 99 cents per share, the …
Wednesday’s crude oil prices rose 2%
After recent losses, crude oil prices rebounded Wednesday by nearly 2%, largely because U.S. crude stocks, such as those held at the Cushing Hub in Oklahoma, dropped more than expected. Plus, there was the impact of a weaker U.S dollar which overshadowed signs of lower economic growth in China, according to Reuters. The U.S. touchstone, …
Crude oil supplies fall at Cushing Hub and the U.S.
Both the Cushing Hub and the nation reported another drop in crude oil stocks over the past week. The U.S. Energy Information Administration stated the amount of crude oil in storage at the Cushing Hub in northern Oklahoma dropped by 800,000 barrels of oil. It fell from the 33.5 million barrels recorded on July …
More groups join fight against carbon capture pipeline system in Iowa
More groups, not just environmentalists, are stepping up in opposition to the approval by Iowa regulators for a large carbon dioxide pipeline system in their state. The Iowa Capital Dispatch reports at least eight requests were filed in the past week with the Iowa Utilities Commission asking it to reconsider the approval for Summit …