** U.S. Sen. Shelley Moore Capito of West Virginia calls on the Biden administration to cut regulations to spur domestic energy production. ** Coal employment remains steady in Northern Appalachia, but grew nearly 14% in central Appalachia from the lows of 2020 amid high demand for steel-making coal. ** As much as 2.09 million barrels a day of gasoline, diesel and …
Category: General
Making a list–checking it twice in search for anti-oil and gas financial firms
As Oklahoma creates its own kind of law to do the same thing, Texas has already started drawing up a list in its search for financial firms that plan to boycott the oil and gas industry. At least 20 firms have replied to requests from the Texas state comptroller to admit whether they restrict …
Harold Hamm’s ownership of Continental shares continues to grow
Continental’s Chairman Harold Hamm has expanded his share holdings in the oil and gas company he founded in 1967 in Oklahoma. While he has been acquiring shares through multi-million dollar purchases in recent months, Hamm picked up another 10,405 shares at no cost in the past several days. The direct acquisition came at the …
Thursday brought a rebound in crude oil prices
After two days of drops in prices, crude oil saw a rebound in Thursday’s trading. Analysts credited a bolstering by weakness in the dollar and the possibility that China might ease coronavirus lockdown restrictions. West Texas Intermediate crude for June delivery went up $2.62 or 2.39% and finished the day at $112.21 a barrel …
OGE Energy Corp wraps up annual meeting of shareholders
OGE Energy Corp. virtually held its 2022 Annual Meeting of Shareholders Thursday, electing its board of directors and taking action on a number of items. The company also declared a 41-cent a share dividend for the third quarter. In voting announced at the meeting, OGE Energy shareholders: Elected nine members of the company’s board of …
ExxonMobil sells Barnett Shale assets
ExxonMobil says it is selling its Barnett Shale gas assets in north Texas in a $750 million deal with Denver-based BKV Corporation. BKV is a company with ownership in Thailand and was founded in 2015 by Kalnin Ventures, the fund manager of BKV Oil and Gas Partners, owned by Banpu PCL, a diversified energy …
Enverus reports slight dip in rig numbers across U.S.
The U.S. rig count dipped by one in the last week to 789 as of May 18, according to Enverus Foundations. The count is up 1% in the last month and up 49% in the last year. Activity levels reached as high as 811 during the last week, which is up by 21 compared …
Rep. Cole says Biden won’t accept blame for energy crisis
Oklahoma’s U.S. Representatives in the House didn’t think much of the Democrats and their Consumer Fuel Price Gouging Prevention Act, one opposed by all 5 members who are Republicans. Four Democrats were among those who opposed the measure while every Republican in the House voted against it. The measure, officially known as H.R. 7688, the …
Oklahoma sees slight relief in diesel fuel prices
Gasoline prices might be grabbing most of the attention when it comes to fuel prices, but truckers and farms in Oklahoma and across the U.S. are feeling an even bigger pinch. The national average of $5.57 a gallon is its highest on record, two cents higher in the past week and 53 cents more …
Big 12 claims another national renewable energy championship
Another Big 12 school has claimed a national championship when it comes to renewable energy efforts. The U.S. Department of Energy (DOE) convened universities and wind energy experts from around the country in the 2022 Collegiate Wind Competition (CWC). Kansas State University rose above 11 other competing teams to claim first place in the annual …