Oklahoma U.S. Sen. James Lankford says the minute President Trump signed the One Big Beautiful Bill into law last week, Oklahoma oil and gas exploration companies received immediate relief. In an interview with OK Energy Today, the Republican Senator explained the OBBB immediately eliminated a tax created by Democrats on oil and gas, the …
Category: Oil & Gas
Energy briefs
** U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects. ** Colorado regulators hold off on enforcing a rule banning government entities from using small gas-powered lawn equipment that went into effect last …
Landman—fun to watch but hard to believe
One thing the popular TV series “Landman” did was raise awareness of the oil and gas industry, albeit in a dramatic presentation. Okay, maybe an “overdramatic” presentation? Makes for good TV right? But in reality, it’s not close. Forbes magazine recently focused on what real “landmen” or “women” do and quickly learned the TV …
Mach Natural Resources LP announces $1.3 billion in acquisitions in the Permian Basin and San Juan Basin
Mach Natural Resources LP announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC, and another to acquire entities owning oil and gas assets managed by IKAV Energy Inc. The combined consideration for both transactions is approximately $1.3 billion, subject to customary …
Feds appeal Datoka Access pipeline ruling
A federal judge’s decision to award North Dakota $28 million in damages for the executive branch’s response to the Dakota Access Pipeline protests is being appealed by the U.S. Justice Department. North Dakota sued the government in 2019 claiming that the Army Corps of Engineers had unlawfully allowed protesters of the Dakota Access Pipeline to …
Ohio forces data centers to pay for 85% of their electric power needs
Another state responds to growing electricity demand in the wake of the national growth of data centers. The Public Utilities Commission of Ohio recently issued a ruling to address the power needs of the state’s growing data center industry and at the same time, protect AEP Ohio’s other customers. The ruling puts 85% …
$1.8 billion in new energy centers approved in Kansas
Another utility rate hike is in the works in Kansas after the Corporation Commission approved this week $1.8 billion in two new natural gas plants and a new solar plant proposed by Evergy Kansas. The utility plans to build a new gas plant in Viola, located in Sumner County and a McNew gas …
Crude oil prices settled up for small gains on Wednesday
(A controlled explosion carried out by Houthi rebels which sank a cargo vessel in the Red Sea. Ansar Allah Media Office via AP) Wednesday’s trading brought a slight gain in crude oil prices, largely because of an increase in demand for gasoline in the U.S. plus more attacks by Houthis on Red Sea shipping. A …
Gains recorded in stored crude oil at Cushing and the U.S.
The U.S. and the Cushing Hub in northern Oklahoma saw gains in the past week of the amount of crude oil in storage. The latest report from the U.S. Energy Information Administration showed the Cushing Hub increased its crude oil storage by 500,000 barrels. It held 20.7 million barrels the week of June 27 …
Sustainability Report released by ONE Gas
ONE Gas released its annual Sustainability Report this week, highlighting priorities related to safety, environmental sustainability and a dynamic workforce. The report offers insight into key ONE Gas benchmarks in the natural gas industry, including reducing emissions, improving systemwide safety, boosting employee engagement and contributing to communities. “We are committed to expanding …