The Biden administration has a coming fight on its hands with Democratic New Mexico Gov. Michelle Lujan Grishm. How much of a fight? “I will use every tool in my toolbox,” she recently vowed as she is against the federal government’s recent approval of a nuclear waste storage site in southeastern New Mexico. The …
Category: General
Oklahoma’s new anti-ESG law felt by city of Stillwater
Not everyone in Oklahoma is a fan of the state’s new law that recently resulted in 13 financial institutions banned from doing state business because of their use of ESG against the oil and gas industry. A weekend report showed there are other sides to the impact of the new law. The Sunday Oklahoman …
Governor signs law affecting young rural drivers
Rep. Carl Newton, R-Cherokee, this week thanked the governor for signing into law a bill that will allow teens as young as 14 years old who live or work on a family farm to be eligible for a driving permit to go directly to or from home, work or school. House Bill 1962 becomes effective …
Crude oil dropped on Friday leaving OK energy stocks mixed
Fears that U.S. politicians will fail to agree on a new debt ceiling and perhaps trigger a default led to a drop in crude oil prices on Friday. US benchmark, West Texas Intermediate crude for July dropped 25 cents or 0.3% to close at $71.69 a barrel on the New York Mercantile Exchange. Brent …
Gov. Stitt works on getting federal approval for giant solar plant in Oklahoma
Oklahoma Gov. Kevin Stitt has been in talks with Biden administration officials in recent days about speeding the permitting of a new Enel North America solar plant near Pryor, a project that the governor says will be the largest economic development investment in state history. Under the project, the state has approved $180 million …
Energy briefs
** Exxon Mobil Corp. said the prospect of the world reaching net zero carbon dioxide emissions by 2050 is “highly unlikely” due to the drop in living standards that would come with such a scenario. The Texas oil giant made the comments in a regulatory filing that argued against proxy adviser Glass Lewis’ view that …
Nation’s oil and gas rig count continues to fall
The nation’s count of oil and gas rigs took another major drop in the past week, falling 11 to a new U.S. level of 720 rigs reported Baker Hughes Co. The nation’s rig count has fallen 35 since May 6. Baker Hughes reported a decline of 17 rigs last week and 7 on May …
Annual meeting held by OGE Energy Corp and shareholders
OGE Energy Corp. held its annual meeting on May 18 electing its board of directors and acting on other measures. In voting announced at the meeting, OGE Energy shareholders: Elected 10 members of the company’s board of directors to one-year terms. They are: Judy R. McReynolds, lead director, chairman, president and chief executive officer of ArcBest Corporation. …
More government land in New Mexico available for oil and gas operators
The Bureau of Land Management is putting up more government land available to be leased for oil and gas exploration in the southeast part of New Mexico—prime land that is part of the Permian Basin. The agency is seeking public comment on its November lease sale that includes 434 acres in Eddy and Lea …
Historic Keystone pipeline spill exposed years of lax oversight
A new report suggests the Keystone oil pipeline that ruptured last December in northern Kansas and spewed 12,000 barrels of heavy crude into a creek, had actually be years in the making. Bloomberg reported that U.S. regulators warned more than a decade ago that the type of weld on the pipeline would trigger the …