A new report shows new well oil production in the Anadarko Basin which includes Oklahoma will likely increase in October. The U.S. Energy Information Administration reported Monday that new well oil production in October will increase over September by 2 barrels a day to an average of 713 barrels a day. Total oil production …
Category: Oil & Gas
House Dems prepare latest attack on oil and gas industry
The nation’s oil and gas industry will again face an attack this week by Democrats on a House committee. Members of the House Natural Resources Subcommittee on Oversight and Investigations plan a hearing on Wednesday to continue their investigation of the role they contend public relations firms had in spreading climate change denial. It …
More abandoned wells than first thought in New Mexico
A report indicated the number of abandoned wells in New Mexico increased by nearly 200 in the past year. Before the enactment of the President’s Infrastructure Investment and Jobs Act, the state had 741 such wells. After the law was enacted, New Mexico recounted and found more than 1,000 so-called orphaned wells that need …
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** Sen. Bernie Sanders and environmental groups are threatening to derail oil and gas gains obtained by Sen. Joe Manchin in the President’s new climate law. There are growing chances Manchin might lose Democratic support for the Mountain Valley Pipeline, a natural gas line he supports. ** A federal judge orders the Biden administration to reinstate an …
The conundrum of supplying LNG to Europe
It sounded simple. Supply energy starved European countries with LNG from the U.S. After all, the U.S. has nearly an unlimited supply of natural gas right? But the issue has come home to roost in Washington D.C. and in some U.S. states where renewable energy was and is being pushed strongly. Check out the …
Gas prices keeping falling in Oklahoma with one county less than $3 a gallon
Comanche County in southwest Oklahoma reached an average less than $3 a gallon over the weekend—the lowest price in the state as gasoline prices continue falling nationwide. The American Automobile Association reported Oklahoma’s average is $3.29 while the average in the county where Fort Sill and Lawton are located has an average of $2.99 …
El Reno denies drilling permit for well near homes
A city board in El Reno recently denied the request of Revolution Operating Company LLC to drill a well in an area surrounded by homes. The El Reno Tribune reported the denial was made by El Reno’s Board of Adjustment and the vote was unanimous against the Oklahoma City energy company. The firm had …
What does Biden’s Inflation Act mean for Oklahoma?
The head of an oil and gas industry group in Oklahoma says President Biden’s Inflation Reduction Act will only result in higher energy costs for the U.S. It’s what Brook Simmons, President of the Petroleum Alliance of Oklahoma told The Oklahoman in a story regarding the Act’s impact on Oklahoma. The paper carried the …
Halliburton officially exits Russia
Halliburton Company, the firm that was originated in Oklahoma before moving headquarters to Texas wiped its hands clean of operations in Russia. The firm announced over the weekend it completed the sale of its Russia operations to a Russia-based management team. The team is comprised of former Halliburton employees. As a result, Halliburton no …
Justice upholds $155 million interest payment judgment in favor of Oklahoma well owners
A $155 million judgment in a lawsuit over late payments to 53,000 oil-well owners in Oklahoma was upheld by U.S. Supreme Court Justice Neil Gorsuch. He did so by rejecting a request from pipeline operator Energy transfer LP’s Sunoco Inc. unit to block the judgment. Justice Gorsuch denied Sunoco’s bid to stay proceedings to …