Strategic Petroleum Reserve and gasoline price concerns ** Senate Minority Leader Chuck Schumer (D-N.Y.) Sunday called on President Trump to release oil from the national stockpile to counter soaring gasoline prices. Electric utility leadership change at AEP Texas ** American Electric Power named Adrian Rodriguez as president and chief operating officer of AEP Texas replacing …
Category: Oil & Gas
Mitchell talks energy with Jerry Bohnen–Harold Hamm, $90 oil and the war against Iran
https://www.facebook.com/reel/1923835145216108 What a week for energy! $90 oil amid the war against Iran, oilman Harold Hamm reportedly wants to be a US Senator, and OGE goes to the Supreme Court. Topics probed on Scott Mitchell talks energy with Jerry Bohnen.
Energy briefs
** President Donald Trump said he was not concerned about rising U.S. gas prices driven by the widening Iran conflict, telling Reuters in an exclusive interview that the U.S. military operation was his priority. “I don’t have any concern about it,” he said, when asked about the higher prices at the pump. “They’ll drop very rapidly …
Judge stops Wyoming drilling project of Continental Resources and Devon Energy
A federal judge has ruled against a massive 5,000-well project in Wyoming involving two Oklahoma oil and gas companies. Continental Resources and Devon Energy, based in Oklahoma City, along with Anschutz Exploration of Colorado were involved in the Converse County Oil and Gas Project that was nullified in a decision by U.S. District Judge …
Ascent Resources plans expanded drilling in 2026
An expanded drilling program is the goal of Oklahoma City-based Ascent Resources. The company released its fourth quarter and full year 2025 earnings report an indicated it will increase 2026 land spending by nearly 40% up to nearly $225 million. The company wants to beef up its long-term inventory and also take advantage of the …
Oil tax revenue dropped last month in Oklahoma
Gross production tax revenue for the month of February in Oklahoma took a nearly 10% drop, according to the February Revenue report issued by the State Treasurer. The tax revenue from oil and gas production was $87.4 million with a decline of 9.9% in the last year, reported Treasurer Todd Russ. “February’s report reflects …
Harold Hamm—-U.S. Senator? Maybe
The news spread quickly. By Friday morning, rumors circulated that Oklahoma oilman Harold Hamm, the man who founded Continental Resources and became a billionaire, had asked Oklahoma Gov. Kevin Stitt to be appointed U.S. Senator. Hamm wasted little time, according to reports, in phoning the governor Thursday evening after it was reported President Trump …
Oil and gas rig activity still strong across the U.S. as prices climb to $90
As crude oil prices hit more than $90 a barrel on Friday, the number of active drilling rigs in the U.S. showed a slight increase while Oklahoma’s count was unchanged. The Baker Hughes Rig Count released on Friday indicated the U.S. total grew by one to 551 and the breakdown reflected an increase of 4 …
$105 oil arrives during expanding war by US and Israel against Iran
As Iranian crude oil storage tanks burned following weekend attacks by Israeli warplanes, crude oil prices soared to more than $100 a barrel on Sunday. Prices in the U.S. hit $105.70 a barrel following a $14.80 or 16.28% jump for West Texas Intermediate crude. Brent crude, the global benchmark, rose to $106.50 a barrel after …
Oil, gasoline, diesel fuel rose again while fighting grew against Iran
While fighting continues in the Middle East and the US, Israel and other countries are relentless in their attacks on Iran, crude oil prices rose again on Thursday. Both benchmarks finished the day’s trading into the $80s as the Strait of Hormuz remained closed to oil-transporting tankers. Brent crude, the global standard finished up with …