A key tax credit in President Biden’s climate and social policy bill to be handled in the U.S. Senate not only removes a tax credit for removing carbon dioxide from smokestacks but could also send tens of billions of dollars to fossil fuel companies over the next two decades. Of course, environmentalists don’t like …
Category: Oil & Gas
Republicans Introduce Strategic Petroleum Reserve Legislation
Oklahoma U.S. Sen James Lankford was among Republicans on the Senate Committee on Energy and Natural Resources to introduce legislation aimed at prioritizing American energy production. They call it S.3287 or the Strategic Production Response Act which would prohibit the secretary of Energy from tapping the Strategic Petroleum Reserve for reasons other than a …
$2 billion carbon pipeline gets more support in Iowa
Support is reportedly growing for a proposed $2 billion carbon sequestration pipeline and storage project in Southeast Iowa, one involving Texas-based Navigator CO2 Ventures. The Des Moines Register reported the announcement. Click here for Des Moines Register
Thursday’s energy news headlines
** San Diego decides it will no longer invest its financial reserves in the fossil fuel industry because it contradicts the city’s climate goals. ** Nevada regulators authorize NV Energy to spend $100 million over the next three years to build electric vehicle charging infrastructure along major travel corridors and incentivize EV deployment. ** The U.S. Department of Energy launches an …
Expansion of Permian Basin natural gas ops
Fort Worth-based Brazos Midstream has expanded its holdings in the Permian Basin with the acquisition of two facilities on either side of the region. The Carlsbad Current Argus reports the natural gas processing company made the acquisitions in the eastern Delaware sub-basin near the Texas-New Mexico border and in the Midland Basin more eastward …
Shale industry groups rip Sen. Warren’s letter
Massachusetts U.S. Sen Elizabeth Warren’s attack last week on natural gas companies including some from Oklahoma drew returning criticism this week from the leaders of Appalachian shale industry trade groups. The Democratic Senator, who grew up in Oklahoma and is a vocal critic of the oil and gas industry wants to force the natural …
Oklahoma Senators and Reps want more time from EPA on methane regs
Oklahoma’s congressional delegation is urging EPA Administrator Michael Regan to give more time for public comment on the agency’s proposed regulation of methane emissions from oil and gas operations. “The proposed rule would unquestionably have a significant and wide-ranging impact on oil and gas businesses, most of whom are small businesses, who employ thousands …
Halliburton sets 4Q earnings date release
With $3.9 billion in third quarter revenue, Halliburton Company announced it will release its fourth quarter 2021 financial results in January. The company plans a conference call on Monday, Jan. 24, 2022 to discus the results. The call will begin at 8 a.m. Central Time and the company will issue a press release …
Analyst explains failure of Biden’s crude oil release
President Biden’s recent decision to release crude oil from the nation’s Strategic Petroleum Reserve—will it have the effect he desires in lowering the cost of gasoline at the pump? In a word, “no” says Peter Zeihan, the noted American geopolitical analyst and author who analyzes data from geography and global politics to understand economic …
New Exec VP named at Chesapeake Energy
Chesapeake Energy Corporation announced that Mohit Singh has been appointed Executive Vice President and Chief Financial Officer, effective December 6, 2021. “I am pleased to welcome Mohit to Chesapeake at such an exciting time in our company’s history,” said Nick Dell‘Osso, Chesapeake’s President and Chief Executive Officer. “Mohit brings deep financial and executive leadership capabilities to our already …