CVR Energy, owner and operator of the Wynnewood refinery in southern Oklahoma and also controlled by billionaire activist investor Carl Icahn, is attempting to gain control of shares in the parent of Venezuela-owned Citgo Petroleum. Reuters made the report based on discussions with three people familiar with the matter. Icahn alaready controls nearly two …
Category: Oil & Gas
Chevron headlines tell the whole story—in a slanted sort of way
When the U.S. Supreme Court recently announced its decision overturning the so-called Chevron decision and took away some regulatory powers from federal agencies and put it in the hands of courts for decision-making purposes—it was sort of a “STOP THE PRESSES!” moment for some news agencies. The way the headlines blared, it was the …
Crude oil finished down on Tuesday
Tuesday’s crude oil prices fell less than 1% as fears of supply disruptions caused by Hurricane Beryl eased during the day. Reuters reported earlier on Monday, WTI rose $1 to $84.38 a barrel on fears Beryl might have a wider impact in offshore oil production areas in the U.S.-regulated northern Gulf of Mexico as …
Frac sand truckers stage protest at Permian Basin plants
Frac sand truckers staged a one-day protest on Monday in West Texas by blocking entrances to frac sand mines. They demonstrated against low wages and working conditions as part of an organized labor movement in the Permian Basin. The Texas Tribune reported the labor protest demonstration was carried out in three cities—Kermit, Mohanans and …
Treasurer defends use of anti-ESG law in Oklahoma and fighting political activism
Oklahoma Treasurer Todd Russ says Oklahoma has a legitimate reason to enforce its Energy Discrimination Elimination Act and take a stand against ESG mandates and political activists. “Fossil fuels currently provide a stable energy base, and a hasty transition could jeopardize energy reliability, leading to higher electricity costs and potential shortages. By fighting against stringent …
Oklahoma and 15 other states win stay in Biden’s freeze of LNG export approvals
In a lawsuit joined by Oklahoma several months ago against the Biden administration’s freeze on new liquefied natural gas export approvals, a federal judge this week reversed the Energy Department’s freeze. U.S. District Judge James Cain in the Western District of Louisiana issued an order late Monday that DOE’s export pause would be “stayed in …
BlackRock still focused on climate investments
BlackRock Inc., still a target of Oklahoma’s energy discrimination elimination Act, took another step this week in responding to the backlash against ESG and climate-change investing. It is still focused on the climate in regards to its investments, even after Oklahoma, Texas and other states banned state investments with the firm because it discriminated …
Landowners file suit over construction of Midship pipeline
Three years after OK Energy Today reported how Oklahoma farmers were angry with Cheniere Energy’s failure to complete land restoration following construction of its 200-mile Midship pipeline in the state, the farmers have gone to court. Some of the farmers from Canadian and Kingfisher counties recently filed a federal lawsuit—they had tired of dealing …
Energy briefs
** North Dakota officials are investigating a pipeline break that caused an oil and produced water spill. ** A rail operator will burn off liquefied petroleum from train cars that derailed in a Chicago suburb late last week. ** Texarkana Regional Airport’s new $49 million terminal has officially opened, with local leaders hoping it will foster new development in the …
Sustainability report released by Ascent Resources
Oklahoma City’s natural gas producerAscent Resources released its 6th sustainability report, pointing to its performance on non-financial environmental, health and safety, social responsibility and governance efforts throughout 2023. In a letter explaining the company’s operations, CEO Jeffrey A. Fisher pointed out how Ascent started its efforts in 2013 to being a premier operator in …