Oklahoma Congressman Tom Cole complained this week of the dramatic rise of prices from filling up at the gas pump and heating homes to the cost of groceries. He calls it Biden’s Thanksgiving Tax and predicts things will get worse, according to economic reports. ” Both the staggering 31-year high of the consumer price index and …
Category: Oil & Gas
Anadarko’s new well production expected to drop in December
New-well oil production in the Anadarko Basin of Oklahoma and the Texas Panhandle is expected to take a hit in December according to a report from the U.S. Energy Information Administration. In a newly-released report this week, the EIA said the average new-well oil production in November was 845 barrels a day and it …
Mullin and others want energy price hearings
Oklahoma Republican Congressman Markwayne Mullin is among the GOP members of the House Energy and Commerce Committee wanting congressional hearings into rising energy prices. They asked Committee Chairman Frank Pallone, a Democrat, in a formal letter to begin hearings into the issue and what the Biden administration’s Department of Energy is doing about it. …
Exxon Mobil to sell its Barnett Shale holdings
Exxon Mobil has started selling its oil and gas properties in the Barnett Shale area of north Texas, a sale involving 2,700 wells across an estimated 182,000 acres. The area is the home of the first horizontally drilled shale wells and is part of the company’s goal announced three years ago of raising …
ONEOK to complete unfinished projects in Texas and North Dakota
ONEOK, Inc. announced Monday it is moving ahead with completion of natural gas and natural gas liquids infrastructure projects in North Dakota and Texas that the company halted work on because of the 2020 pandemic and the effects on the energy markets. One is the Demicks Lake III, a 200 million cubic feet …
Losses continue to grow for Cypress Environmental
Cypress Environmental Partners released its third quarter financial report on Monday showing the Tulsa company continues struggling to recover from the 2020 COVID-19 impact on the oil and gas industry. Its report included a basic and diluted loss per unit of 33 cents. The company reported not only a drop in revenue but a …
Mixed Monday trading for crude oil prices
Crude oil prices had something of a weak Monday in trading as US benchmark prices rose slightly while European prices dropped. Analysts called it a finish on a mixed note as investors might be worried about the Biden administration’s use of the release of crude from the Strategic Petroleum Reserve as the means to …
EPA sets hearings for proposed methane emissions restrictions
The Environmental Protection Agency announced the dates for public hearings on the agency’s proposed comprehensive new methane reductions efforts. The agency in announcing the dates said the protections were meant to “sharply reduce pollution from the oil and natural gas industry–including, for the first time, methane reductions from existing sources nationwide.” The proposed new …
Senate committee to review BLM nominee
Oklahoma U.S. Sen. James Lankford and others on a Senate Committee might vote Tuesday on the President’s nomination of another former Obama administration official to be a top official in the Bureau of Land Management. The Senate Committee on Energy and Natural Resources plans a hearing to consider the nomination of Laura Daniel-Davis to …
New Mexico proposes more energy exploration restrictions
Whether it be drilling for oil, mining or agricultural purposes, the state of New Mexico is proposing new standards and rules protecting so-called ‘cultural properties’ such as historic sites. Especially those of the state’s Native American land. The State Land Office has proposed the rule to require anyone planning a new soil-disturbing project on …