Category: Oil & Gas

Oilfield supply firm reaches out to US Senator Mullin

  Representatives of Oklahoma City-based M-5 Energy Suppliers recently paid a visit to Oklahoma U.S. Sen. Markwayne Mullin in Washington, D.C. The senator made reference to the visit in a recent newsletter. “The Biden administration certainly has not made it easy on them, and I am very appreciative of the work that they do,” said …

Continue reading »

Scott Mitchell and Jerry Bohnen talk energy and the latest Oklahoma Corporation Commission political fight

Yet ANOTHER intriguing story emanating from the Winter Storm 2021. This time it’s allegations pitting Commissioner Bob Anthony and former legislator Mike Reynolds on one side and OCC Director of Administration Brandy Wreath on the other regarding the natural gas hikes during that costly storm. Of course, it is the main topic of discussion on …

Continue reading »

Two men who tried to cheat Continental Resources get federal prison time

  The two men who tried to cheat millions out of Continental Resources oil and gas company face years in federal prison. One of them, Blaine Dyer, 42, was sentenced recently by U.S. District Court Judge Jodi Dishman to serve five years in prison and to forfeit $1,661,263.42 of the proceeds from his scheme. Dyer …

Continue reading »

Crude oil starts new week after losses last week

    While crude oil prices dropped in Friday’s trading, Oklahoma energy stocks made gains for the day. Crude fell and it led to a weekly drop as well. Investors were hesitant because of the OPEC+ meetings that started Sunday. West Texas Intermediate crude fell 92 cents or 1.2% to $76.99 a barrel on the …

Continue reading »

EPA’s emission rule challenged by Oklahoma Attorney General and others

  Oklahoma Attorney General Gentner Drummond is taking on the EPA in another fight and this time he has the support of the Oklahoma Department of Environmental Quality. The Attorney General led a 26-state coalition opposed to the Environmental Protection Agency’s new rules to reduce methane emissions, rules that specifically target the oil and gas …

Continue reading »

Energy briefs

**  U.S. Energy Secretary Jennifer Granholm on Friday called for more nuclear reactors to be built in the United States and worldwide. But the CEO of the Georgia utility that just finished the first two scratch-built American reactors in a generation at a cost of nearly $35 billion says his company isn’t ready to pick …

Continue reading »

Chevron employs new style of drone for pipeline surveillance

  A new type of drone is taking to the skies on an important mission: inspecting oil and gas pipelines. Working together, Chevron and American Aerospace Technologies, Inc. (AATI) recently made history as the first companies permitted by the Federal Aviation Administration (FAA) to use uncrewed aircraft systems (UASs) in airspace shared by crewed aircraft. Chevron will …

Continue reading »

Thursday’s trading produced a nearly 2% drop in US crude oil prices

While crude oil prices dropped Thursday for a second straight day, Oklahoma energy stocks made gains. The price drop came after a weak fuel demand across the country was reported by the government. There was also a surprise increase in gasoline stockpiles. West Texas Intermediate crude took a slide of $1.32 or 1.7% to $77.91 …

Continue reading »

Crude oil stocks plunge at Cushing Hub and across the US

  Crude stocks took a dip in the past week across the U.S. and at the Cushing Hub in Oklahoma. The nation’s total crude oil stocks, reported the U.S. Energy Information Administration, dropped from 458.8 million barrels as of May 17 to 454.7 million barrels on May 24. The more than 4 million barrel decline …

Continue reading »

SPP power grid raises questions about EPA’s greenhouse gas emissions rule

    The Southwest Power Pool, the power grid controlling Oklahoma and 13 other states,  joined others in raising questions about the impact of a final greenhouse gas emissions rule issued by the Environmental Protection Agency. In a recent statement, the SPP “asserts the EPA rule could negatively impact the nation’s ability to provide consumers …

Continue reading »