Stuck in place for the next two weeks, the jet stream over the U.S. will bring warmer weather to Oklahoma and others in the lower 48 states. That means better weather for outdoor workers including utility crews, those on oil and gas rigs and those performing maintenance on wind farms in the state. …
Category: Oil & Gas
Heckled over call to US shale producers
Deputy Energy Secretary David Turk quickly found out the U.S. shale industry doesn’t consider the Biden administration to be friendly at all with oil and gas drillers. When Turk addressed the World Petroleum Congress in Houston on Monday, he was heckled when he admonished drillers to increase in their production. Turk told the group …
Hamm buys $11 million more shares in company stock
Billionaire oilman Harold Hamm, founder of Oklahoma City-based Continental Resources obviously likes his company so well that last week he bought more than $11 million in company stock. The former President and CEO, reported to have a net worth of $10.7 billion as of August 17, 2021 bought 250,000 shares in the company on …
Big rebound for oil prices and for some OK energy stocks
With apparent word that the Omicron COVID-19 variant might be as damaging to the world economy and demand for crude oil as first thought, crude prices rose nearly 5% on Monday. It was also a day for higher Oklahoma energy stock prices. Symptoms from the variant are reportedly seen as mostly mild and some OPEC …
Ex-legislator says OGE case threatened by public corruption
As Oklahoma Corporation Commissioners consider financial relief for Oklahoma Gas and Electric over its natural gas costs endured during the February winter storm, a former legislator interjects again his belief that Commissioner Todd Hiett should be removed from office over a conflict of interest. Dr. James Michael Ritze, once a Republican Representative who served …
Devon Energy raises more than $50,000 for Wyoming Nonprofits
As part of its annual Give for Good fundraising campaign, Devon Energy raised over $50,000 to support Wyomingites in need. Employees participated in raffles and auctions, and made pledges to benefit Blessings in a Backpack and United Way of Natrona County. “It’s very inspiring to see Devon employees’ generosity year after year,” said Brent Wilson, senior production superintendent at Devon. “Our commitment to the …
ONE Gas to be part of conference
Oklahoma-based ONE Gas will take part in the BofA Securities Gas Utility Conference on Tuesday, December 7. The participation will be virtual and the event will be one of two conferences in which the utility will take part. Leadership will also participate Wednesday, Dec. 8 in the Wells Faro Midstream, Utility & Renewables Symposium. …
Bashore bill would lower vehicle transfer, trade-in taxes
Rep. Steve Bashore, R-Miami, has filed legislation for 2022 that would reconfigure how the base excise tax is determined when a vehicle is transferred and would allow a trade-in deduction allowance on the purchase price of a vehicle. “Letting individuals to keep the money they’ve earned allows them to make their own decisions about how …
Headlines of other energy news stories
** The federal government will argue that it should avoid a lawsuit by Louisiana, Alabama, and eight other states over its estimates on the social cost of greenhouse gas emissions, in a hearing before a federal judge Tuesday. The states will use their time to try to convince the U.S. District Court for the Western District of …
ConocoPhillips announces preliminary 2022 Capital Expenditures budget
ConocoPhillips on Monday announced several updates that highlight the company’s differentiated value proposition including more than $7 billion in 2022 capital expenditures. This announcement follows the recent closing of the company’s acquisition of Shell’s Permian Basin properties on Dec. 1 for net cash of $8.6 billion. The announcement reflects the addition of Shell’s Permian …