One of the authors of a new oil and gas law was surprised that Oklahoma Corporation Commissioners recently raised some apparent questions about how it conflicts with current rules and regulations at the agency. Rep. Brad Boles, the House author of SB132, and a recently announced candidate for the Corporation Commission, explained in response …
ConocoPhillips has wiped its hands of Marathon Oil’s former City Centre headquarters in Houston, months after the two carried out a $22.5 billion merger. The Houston Chronicle’s Fuel Fix reported the 15-story tower was nearly empty after the merger resulted in the layoff of hundreds of workers. The layoffs were not unexpected since …
Crude oil prices made only slight movement upward on Friday as observers wonder what will happen next in the call for peace talks to end Russia’s invasion of Ukraine. But Oklahoma energy stocks had a big day in trading as one firm saw a 22% gain for the day. It led to a …
Some changes are coming to the Oil and Gas Protest Docket at the Oklahoma Corporation Commission. Chief Administrative Law Judge Mary Candler announced the changes will take effect the week of September 15. PROTEST DAYS EACH WEEK The days available for hearing protests will expand from three to four days per week. After September 15, …
The latest Baker Hughes rig count shows Oklahoma is maintaining its active oil and gas drilling across the state, with no decline in the number of rigs. Released on Friday, the Baker Hughes rig report showed a decline of one rig nationwide, slipping to 538 total. The latest figures showed a decline of …
** California advocates worry Phillips 66 may shirk its responsibilities to clean up a “lake of hydrocarbons” that has accumulated under a Los Angeles-area refinery slated for closure later this year. ** Republican U.S. senators move to strip federal funding for the U.S. Postal Service’s transition to an EV fleet to save taxpayer money, though …
A record $256 million was recorded in the recent oil and gas lease in New Mexico. The August sale, according to the New Mexico State Land Office, broke revenue records for a second straight month. The record came after the state had created a new 25% royalty rate for premium oil and gas …
While Ukraine and Russia blame one another for stalling any possible peace talks, oil prices climbed on Thursday by nearly a dollar a barrel. As Reuters reported, the path to peace in Ukraine remained uncertain, turning oil traders cautious after a selloff over the past two weeks on hopes that U.S. President Donald …
The Oklahoma Supreme Court moved ahead this week consolidating the three challenges of billions of dollars in rate hikes stemming from the 2021 Winter Storm Uri made by three Republican legislators. The billions in increased costs were left on the backs of consumers after the Corporation Commission granted securitization and involve an estimated $5 …
U.S. Sen. Markwayne Mullin is boasting again about the merits of the President’s One Big Beautiful Bill, claiming it is paving the way for the resurgence of powerful and reliable American enery to the nation’s grid. “This bill rescinds handouts and economically draining subsidies while including critical energy reforms to reduce our reliance on foreign …
