Bankruptcies of North American oil producers were at their highest level in the first quarter of the year since 2016. A report by the Haynes and Boone law firm showed at least eight bankruptcies were filed by oil and gas producers according to Reuters. Click here for Reuters story.
Thursday was another day of increased crude oil prices in the U.S. and in Europe as prices in the U.S. finished midway between $63 and $64 a barrel reaching four-week highs. The increased prices are believed to be due to positive U.S. economic data and higher demand forecasts from the International Energy Agency and …
The US rig count rose by one in the last week to 509 as of April 14, according to Enverus Rig Analytics. The count is up 5% in the last month but down 7% YOY. Both the Anadarko Basin and the DJ Basin have seen rig counts recover to year-ago levels at 30 and …
Some details of the lawsuit brought by Oklahoma Attorney General Mike Hunter and 21 other state attorneys general against the President’s cancellation of the Keystone XL Pipeline permit were revealed this week during a congressional hearing. Montana Attorney General Austin Knudsen outlined the case to a House subcommittee, professing that President Biden’s action revoking …
The Biden administration has reached out to Oklahoma Gov. Kevin Stitt and is reported to be in talks over the impact of the McGirt U.S. Supreme Court ruling that stripped the state of criminal prosecutions in cases on reservation land. Reuters reported the talks focus on whether tribes in Oklahoma should have a bigger …
Oklahoma Congressman Markwayne Mullin vows to keep fighting President Biden’s executive orders attacking American energy calling them a “disastrous agenda.” In a column entitled “American Energy Produces Global Stabilization,” the Republican Representative wrote, “By threatening our energy security, President Biden has failed to understand one major premise: American energy produces global stabilization.” Click here …
More transparency. It’s what some citizen advocacy groups are calling for in the wake of a plan announced by Oklahoma leaders to help utilities avoid passing nearly $4.5 billion in debt from the February winter storm onto the backs of consumers. As the Enid News & Eagle reported, leaders of VOICE which is a …
A renewed call for a continued crackdown on federal oil and gas leasing near Native American religious and historic sites came out of a gathering this week of environmentalists and Native American activists in Albuquerque, New Mexico. They expressed particular concern about the Chaco Culture National Historical Park in northwestern New Mexico reported the …
Crude oil prices made better gains in Wednesday’s trading as global US benchmark prices settled above $63. Prices soared nearly 5% following an International Energy Agency report and word about U.S. inventory data raised optimism about resumption of demand for fuel. West Texas Intermediate for May delivery crude rose $2.97 to $63.15 a barrel …
Oklahoma gasoline prices held steady in the past week staying at $2.63 a gallon average, the same price as a week ago, but three cents lower than a month ago. AAA reported the statewide average compared to the national average of $2.86 a gallon. Oklahoma City prices averaged $2.56, down three cents in the …
