The Oklahoma Attorney General is putting up more of a fight in the lawsuit against State Treasurer Todd Russ over his enforcement of the state’s controversial Oklahoma Energy Discrimination Elimination Act. The Act is better known as an “anti-ESG” law created to protect Oklahoma’s oil and gas industry from discrimination by financial firms. This …
The U.S. saw a slight buildup of its crude oil stocks in the past week while the Cushing Hub in Oklahoma experienced a decline. The U.S. Energy Information Administration reported the nation’s crude stocks grew by 1.4 million barrels from 429.3 recorded on August 2 to 430.7 million barrels as of August 9. The …
Mach Natural Resources LP recorded a slight drop in its net earnings in the second quarter, according to the financial report released this week by the Oklahoma City company. At the same time, the company expects to reduce its drilling and rig activity. It had reported net income of $40 million and adjusted EBITDA …
** An oil company reports it plans to begin operations next summer at a $1.3 billion direct air capture project in Texas as it absorbs one of the Permian Basin’s largest independent oil producers. ** As she looks to secure Pennsylvania voters for the upcoming presidential election, Vice President Kamala Harris is trying — and struggling — to dodge …
Oklahoma State Treasurer Todd Russ is among those who believe politics about climate change has entered what are generally accepted accounting procedures. They want an end to the practice. He and 25 other state financial officers wrote to the Financial Accounting Standards Board for its actions to politicize what is known as GAAP or Generally …
Just as northeast Oklahoma saw the launching this week of what is described as the second largest direct air capture project in the world, Occidental Petroleum plans to do the same with a $1.3 billion project in the Permian Basin of West Texas. But the company’s project will become the world’s largest DAC operation. …
Oklahoma Corporation Commissioner Todd Hiett suggested again Tuesday he will not step down over the allegations he drunkenly groped a man at a national conference in Minnesota, prompting at least one speaker during the commission’s meeting to call him a “sexual predator” to his face. Another called him a “drunkard.” The latest round of …
The fall of crude oil prices on Tuesday result in a day of mixed trading for Oklahoma energy stocks. The decline in oil prices was linked to a seemingly easing of worries about a possible widespread war in the Middle East. Iran has yet to turn its vocal threats into military action against Israel over …
If you hop aboard the tourist-popular Durango & Silverton Narrow Gauge Railroad train in southern Colorado, don’t expect to smell the coal-fired smoke coming out of the historic engines. It’s gone. No more. Instead, the company phased out its last coal-burning engine this year and switched to five oil-powered engines running on the …
** Chevron has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. ** Volvo’s all-electric semi trucks have reached the landmark of driving 50 million miles, making work safer and quieter for drivers. According to Electrek, Volvo said that if its vehicles had …
