Thursday’s crude oil prices reflected growing worries about inflation and its impact on the demand for oil. While US prices managed a small gain, overseas prices fell. West Texas Intermediate crude for November delivery went up 43 cents or .50% to settle at $85.98 a day on the New York Mercantile Exchange. Global benchmark …
Category: Oil & Gas
Oklahoma joins probe of Net-Zero Banking Alliance
Oklahoma Attorney General John O’Connor announced that his office and 18 other attorneys general have served six major American banks with civil investigative demands, which act as a subpoena, asking for documents relating to the companies’ involvement with the United Nations’ (UN) Net-Zero Banking Alliance. The banks under investigation include Bank of America, Citigroup, Goldman …
Partnership promotes energy jobs in Oklahoma
This week was Careers in Energy Week as Oklahoma Gas and Electric and Oklahoma State University-Oklahoma City joined efforts to encourage job seekers to explore energy work as a career path. Specifically, those taking part in the job-seeking were encouraged to consider employment from chemical and electrical engineering to oil rig and electric utility …
Details of Harold Hamm’s takeover of Continental Resources
Details of Harold Hamm’s $4.3 billion takeover of Continental Resources were made known this week in filings with the U.S. Securities Exchange Commission. In two separate filings, Hamm and his Omega Acquisition, Inc., the firm merging with Continental Resources to complete the takeover, offered detailed ownership of company shares by the Hamm family and members …
Congressional delegation quiet about Biden’s latest oil move
They’ve been critical of the President’s use of the Strategic Petroleum Reserve in the past. But Oklahoma’s congressional delegation was mostly quiet after President Biden announced Wednesday the planned December release of 15 million more barrels of oil from the Reserve. Tulsa Rep. Kevin Hern tweeted his criticism of the oil release, saying, “The …
Archaeological surveys to be required for oil and gas drillers in New Mexico
Beginning in December, New Mexico will have a rule in place requiring oil and gas drillers and those building pipelines or roads, to carry out archaeological or cultural surveys. The New Mexico State Land Office finalized the rule that takes effect Dec. 1, 2022 Land Commissioner Stephanie Garcia Richard said the new regulation will …
Dividend declared by ONEOK
Investors in ONEOK, Inc. are getting another dividend. The board of directors of the company declared a quarterly dividend of 93.5 cents per share. The amount is unchanged from the previous quarter and results in an annualized dividend of $3.74 per share. In making the announcement, ONEOK officials explained the dividend will be payable …
Another slight increase of crude in storage at Cushing hub
With the nation’s Strategic Petroleum Reserve at its lowest level since 1984, following the President’s continued sale of oil in order to lower gasoline prices and attract support for Democrats ahead of the upcoming elections, crude oil held in storage at Oklahoma’s Cushing hub increased slightly in …
Rep. Mullin and others tell Biden again–his energy policies aren’t working
U.S. House Republicans, including Congressman Markwayne Mullin of Oklahoma sent yet another letter to President Biden urging him to reverse his anti-American energy policies. In a letter telling the President his energy policies aren’t working, Mullin along with Rep. Steve Scalise of Louisiana and HEAT Co-Chair Rep Jeff Duncan of South Carolina, stated he …
More headlines of other energy stories
** In announcing yet another release of oil from the nation’s Strategic Petroleum Reserve, President Biden rejected criticism that the release politically motivated as the White House aims to bring down gas prices with just a few weeks until the midterm elections. “It’s not politically motivated at all,” Biden told reporters. ** An Inflation Reduction Act provision that …
