The increased talks for peace in Gaza led crude oil prices to a fall on Monday as Israel reduced the number of troops it had in the fighting with Hamas. US benchmark, West Texas Intermediate crude finished down 48 cents or 0.6% at $86.43 a barrel on the New York Mercantile Exchange. Brent crude, considered …
Category: Oil & Gas
FTC expanded probe of Chesapeake merger–what’s it mean? Check out latest podcast of Mitchell talks Energy with Jerrry Bohnen
The FTC’s request for more information regarding the proposed merger of Chesapeake Energy with Southwestern Energy—-the impact was reviewed by Scott Mitchell and Jerry Bohnen during their latest podcast of Mitchell Talks Energy with Jerry Bohnen. Plus, they take a review of the five candidates who filed for the Oklahoma Corporation Commission election.
Grassley—new EPA EV requirements will harm biofuel industry
A stark warning is issued by Iowa U.S. Sen. Chuk Grassley who claims the EPA’s new rules requiring the sale of more electric vehicles across the nation,will possibly put 58,000 ethanol industry jobs at risk. The new rules issued by the Environmental Protection Agency require nearly two-thirds of vehicles sold in the U.S in …
Democrats in Congress want finalized oil and gas leasing rule
Democrats in congress are urging the President to wrap up his administration’s proposed Onshore Oil and Gas Leasing Rule by the end of the month. In a letter sent last week, they remained critical of the existing oil and gas leasing program, contending it “shortchanges the American public,” and locks up thousands of acres of …
Energy quick reads
** Apple lays off more than 600 employees in California after canceling its electric vehicle development project. ** In a move signaling a shift toward a greener energy landscape, the Biden administration is considering expediting the retirement of coal-fired power plants across the United States. This development comes as part of the administration’s strategy to reduce pollution from …
Gulfport Energy sets annual meeting date
Gulfport Energy is preparing for its annual shareholders meeting scheduled for May 22 in Oklahoma City. The meeting will begin at 9 a.m. at 713 Market Drive, Gulfport’s headquarters, as shareholders are asked to elect seven directors, ratify the appointment of Grant Thornton LLP as the firm’s independent auditors and approve executive compensation. A …
Crude oil prices made more gains on Friday to settle at $91 a barrel
Crude oil prices finished the week with a more than $1 a barrel gain as investors wondered whether the fighting in Gaza and unrest throughout the Middle East might result in tighter supplies. World prices reached $91. Global benchmark Brent crude finished up 51 cents or 0.57% at $91.17 a barrel on ICE Futures Europe. …
Oil and gas rig count holds steady in Oklahoma
Oklahoma’s oil and gas rig count held steady over the past week while the nationwide numbers declined by one, leaving 620 active drilling rigs across the U.S. reported Baker Hughes Co. on Friday. Oklahoma’s count totaled 44 rigs, same as a week ago but 14 lower than one year ago. Nationally, the count included …
Energy quick reads
** One of the strongest windstorms in Colorado in years left thousands of homes in metro Denver without power this weekend, and it could take through Monday to get electricity fully restored. Denver saw winds averaging 60 to 70 mph on Saturday. At one point, the foothills reported wind gusts of more than 100 mph. Hundreds of flights …
Judge dismisses protester’s lawsuit 8 years after Dakota Access pipeline protests
A protester who sued after she was hurt in the explosion of a “flash bang” device used by police in the protests of the Dakota Access oil pipeline 8 years ago had her suit thrown out of federal court by a North Dakota judge. Sophia Wilansky, whose left forearm was injured in the blast …