The top executive of Colonial Pipeline told Oklahoma U.S. Sen. James Lankford and others on a Senate committee hearing that hackers who staged a cyber attack last month disrupting fuel supplies to the U.S. southeast were able to get into the system by stealing a single password. During the hearing by the Senate Homeland Security …
Category: Oil & Gas
Oklahoma Reps voice support for NORD Stream 2 sanctions
All five Oklahomans in the U.S. House were among more than 60 Republican Representatives who sent a letter to President Biden this week expressing their concern over his move to waive sanctions and allow Russia’s Nord Stream 2 pipeline to be finished. Representatives Stephanie Bice, Tom Cole, Kevin Hern, Frank Lucas and Markwayne Mullin …
Oklahoma’s coming out of pandemic economic downturn
Oklahoma is apparently starting to quickly come out of the downturn from the coronavirus pandemic according to State Treasurer Randy McDaniel who announced the May gross receipts on Tuesday. He said every major revenue stream “shows strong growth” including oil and gas where the gross production tax generated $87.3 million, a jump of nearly 128% …
Bonanza Creek—-4 years later
The $4.5 billion firm created as a result of the merger of Denver’s Bonanza Creek Energy , Inc. with Extraction Oil & Gas Inc. came only four years after Oklahoma’s SandRidge Energy backed out of an acquisition of Bonanza Creek Energy. It was 2017 when SandRidge and Bonanza agreed to a merger agreement …
EOG Chairman to retire
After 42 years with EOG Resources, Inc., Chief Executive Officer William “Bill” Thomas is retiring from leading the Houston-based company that also has major operations in Oklahoma. He will be replaced by Ezra Y. Yacob who will not only become EOG”s CEO but will also join the Board of Directors. Lloyd W. “Billy” Helms …
New drilling planned for STACK and Southern Oklahoma
Chaparral Energy, XTO Energy and Continental Resources are among the energy firms with intentions to carry out more drilling in Oklahoma. Chaparral Energy received drilling permits for a 3-well pad site in Canadian County. The Blackburn 1207 wells will be located about 2 miles south of El Reno next to highway US 81. The …
New Mexico groups are allowed to challenge Texas power plant
A judge rules that environmentalists and a New Mexico citizens’ group can move ahead with their challenge to a proposed natural gas plant just over the Texas border. The ruling by an administrative law judge said the Sierra Club and a citizen group from Chaparral, New Mexico can challenge the pending approval of a Texas permit …
Energy news in brief
** Hundreds of protesters vowing do whatever it takes to stop a Canadian-based company’s push to replace an aging pipeline blocked a pump station Monday in northern Minnesota, with some people chaining themselves to construction equipment before police began making arrests. ** The U.S. became a net exporter of oil in 2020 following an Obama-era policy, complicating efforts to …
Oil prices dropped on Monday
Crude oil prices ran into a bump in the road on Monday as both US and overseas markets saw drops for the day with US crude falling a little further from the $70 mark. West Texas Intermediate crude for July delivery slipped 39 cents to $69.23 a barrel in trading on the New York …
Rep. Mullin goes after Biden’s latest hit on oil and gas
Oklahoma Congressman Markwayne Mullin isn’t easing up on his attacks of President Biden’s decisions against oil and gas operations. His latest volley came after Biden stopped oil and gas leasing in the Arctic National Wildlife Refuge and Rep. Mullin was interviewed on Fox Business News. Mullin followed up in his newsletter to constituents stating the fallout of …