In a weekend announcement, the Biden administration said it will suspend any decisions about new oil and gas drilling in the middle of a legal fight with 10 Republican states over how to calculate the cost of fossil fuel-driven climate change. The original lawsuit was brought by Louisiana, Alabama, Florida, Georgia, Kentucky, Mississippi, South Dakota, …
Category: General
Oil and Gas industry’s recovery from COVID-19
A recovery from the COVID-19 pandemic by Oklahoma’s oil and gas industry is well underway says the head of the state’s largest energy group. Brook Simmons, president of Petroleum Alliance of Oklahoma points to investments by operators of all sizes as evidence of the growing recovery reported the Enid News & Eagle. Click here …
Oklahoma storm securitization plan roundly criticized in new study
A study of the cost-recovery methods used by utilities hit by Winter Storm Uri in 2021, the storm that left Texas and Oklahoma hard hit by extreme weather, shows Oklahoma’s method of securitization hits consumers hardest of the states that suffered in the storm. The storm was linked to more than 200 deaths in …
Broadband state agency to be created in Oklahoma?
Another layer of government bureaucracy at the Oklahoma state capitol is in the works as legislators are in reported talks with the governor’s office to create a new state agency to monitor broadband spending. The Oklahoman reported over the weekend such a proposed small agency would deal with the state’s millions of dollars it …
Cole says Biden should admit he’s caused U.S. energy problems
Oklahoma congressman Tom Cole says when President Biden delivers his state of the union address to congress on March 1, he should admit many of the crises facing the U.S., including record high gas prices, are of his own making. In a weekend letter to his constituents, Rep. Cole said Biden should not only …
Management promotion at Alliance Resource Partners
Alliance Resource Partners, L.P. announced that Megan J. Cordle has been promoted to Vice President, Controller and Chief Accounting Officer. Cordle succeeds Robert J. Fouch effective with his retirement on March 1, 2022. Mindy M. Kerber will replace Cordle in the role of Vice President and Assistant Controller. “Bob Fouch has been a key member of the Alliance team …
Oil mixed over Iran talks and Russia’s invasion threat
The prospects of the U.S. easing its sanctions on Iran over another possible nuclear deal weakened crude oil prices after they hit their highest levels on Monday since 2014. Prices on Friday closed down again in the U.S. but rose slightly in global trading. West Texas Intermediate crude for March delivery dropped 69 cents …
Baker Hughes reports increased rig numbers
While Oklahoma held steady with 53 working oil and gas rigs in the past week, numbers across the nation increased by 10 to reach a total of 645 reported Baker Hughes in its weekly report on Friday. The national count included a gain of 4 oil rigs to reach a total of 520 while …
Lucas urges all-of-the above approach to hydrogen energy development
Oklahoma congressman Frank Lucas suggests that before the government jump head-long into funding hydrogen energy development, it should consider public-private partnerships. At a recent hearing held by the House Committee on Science, Space, and Technology subcommittee on Research and Technology, Lucas urged an effective all-of-the-above clean energy strategy. “In recent years, we’ve all seen the global …
LSB Industries to release 4Q earnings report this week
Fourth quarter financial results will be released this week by Oklahoma City-based LSB Industries. Details will be made known after the close of the stock market on Wednesday, Feb. 23, 2022. LSB’s management will host a conference call on Thursday, February 24, 2022 at 10:00 am ET / 9:00 am CT to discuss these …