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 …
ConocoPhillips announced it has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), in Jefferson County, Texas. Under the agreement, ConocoPhillips will offtake LNG over …
Even as Williams is hoping to land New York approval of finally constructing natural gas pipelines in the state, it’s still facing a strong push from environmentalists and other critics. The latest contention came after Lee Zeldin, Administrator of the U.S. Environmental Protection Agency wrote a Boston Globe op-ed published this month in which …
The Barclays CEO Energy-Power Conference in New York City will be held next week and representatives of two major Oklahoma energy firms will make presentations. Williams President and Chief Executive Officer Chad Zamarin along with Chief Financial Officer John Porter are scheduled to participate in meetings with investors at the upcoming 2025 Barclays …
( Photographer: Eddie Seal/Bloomberg) Another slump in oilfield employment has been reported by Texas officials while Oklahoma’s numbers showed a loss of less than 100 workers in the upstream oil and gas industry. Oklahoma’s employment was reported to total 48,243 compared to 48,329 a month earlier. The state’s oil and gas employment since November 2024 …
