While Interior Secretary Deb Haaland, a member of the Pueblo tribe, has helped President Biden lead his push against oil and gas in the U.S., she is not supported by all Native American tribes. The Osage Indian tribe in Oklahoma is among some who value the revenue gained from oil and gas operations. The …
Category: Oil & Gas
Oil royalties fight undecided in North Dakota
A North Dakota panel led by Gov. Doug Burgum took no action last week on settlement offers for some of the energy companies that owe millions of dollars in unpaid oil and gas royalties in the state. As of last year, Oklahoma City-based Continental Resources Inc. was one of them. Considered a top producing …
Energy news in brief
** The infrastructure deal struck by a group of bipartisan senators and President Joe Biden on Thursday includes partial funding by a proposed $6 billion sale from the U.S. emergency oil reserve, according to a document circulated by Republican lawmakers. ** About 285,000 Tesla vehicles in China will have their Autopilot software updated remotely because drivers …
Earthquakes in Permian Basin are still under study
Just as Oklahoma experienced large earthquakes in the past several years that were believed linked to expansive wastewater wells and oil and gas exploration, the Permian Basin in West Texas is going through the same situation. The Texas Railroad Commission has an investigation under way into the quakes that largely occur between Odessa and …
Inhofe Pleased With Recent U.S. Supreme Court Renewable Fuel Extension Decision
In a 6-3 ruling, the U.S. Supreme Court rendered a decision on Friday holding that a small refinery that previously received a hardship exemption from the U.S. Environmental Protection Agency’s renewable fuel credit requirements may obtain an extension even if it saw a lapse in exemption coverage in a previous year. The case, styled HollyFrontier …
Devon’s 2019 drilling efforts pay off in 2021 in Oklahoma’s STACK
While there are reports of a 400% increase in fracking crews in the U.S. some of those crews were busy this past spring in Oklahoma’s STACK play. One of the most recent indications was a completion report filed by Devon Energy for a well completed in Kingfisher county. The Privott 17_20-16n-9w 2hx was …
Crude oil prices hit 3-year high
A slight increase on Thursday left crude oil prices at their highest mark in three years and brought Oklahoma energy stocks along for the ride with slight gains. West Texas Intermediate crude for August delivery, considered to be the U.S. benchmark rose 22 cents and finished the day at $73.30 a barrel in trading …
Anadarko Basin sees major jump in rig activity
Austin, Texas-based Enverus Rig Analytics reported an increase this week in the nation’s rig count with a significant jump in rig activity in Oklahoma and other Anadarko Basin states. It reported the total increased by 8 over the past week to 534 as of June 23 reflecting a 3% increase in the past month …
Hamm warns US cannot afford to shut down shale oil operations
Are $100 a barrel oil prices realistic? Continental Resources Executive chairman Harold Hamm in Oklahoma City says they are possible. “Is it possible? Sure it’s possible,” he told Maria Bartiromo during a Thursday morning interview on Fox Business News. In the same interview he said the world cannot allow China and India to continue …
Appeals court stands by Williams in Kansas lawsuit
A Federal Appeals Court has upheld a lower court ruling in support of Tulsa-based Williams Cos. which was accused of engaging in illegal natural gas price-setting practices 16 years ago in Kansas. The 10th U.S. Circuit Court of Appeals issued its ruling in a lawsuit brought by then-known Farmland Industries which accused Williams of …