Crude oil stocks made another jump in storage in the U.S. and the Cushing Hub in the past week. Nationally, stocked increased by more than 4 million barrels since February 16 of this year, according to the U.S. Energy Information Administration. They rose from 443 million barrels to 447.2 million barrels as of February …
Oklahoma House Speaker Charles McCall’s push for an electricity production tax on renewable energy sources in the state just renewed an age-old fight between the oil and gas industry and the firms behind wind and solar operations His creation of the tax in the form of HB2950 stunned the wind and solar industry in …
The actions of natural gas producers, including some in Oklahoma, in recent weeks to lower their capital expenditures on exploration are simply in response to what’s happened to natural gas prices. They’ve fallen and tumbled to their lowest prices since 1997. That’s what the U.S. Energy Information Agency reported this week, stating that the …
As we reported recently, the Kansas legislature decided it wanted open meetings rather than behind-closed-door sessions by its Corporation Commissioners. The House killed HB2591, which is very similar to an effort underway in the Oklahoma legislature where Ardmore Rep. Tammy Townley’s HB 2367 was being considered. In Kansas, the measure received initial approval to …
The Oklahoma Treasurer’s office doesn’t believe the recent return of $250,000 by a bond underwriter who handled bonds covering utility costs in the 2021 Winter Storm Uri will lead to other such “redeposits.” The office also doesn’t intend to ask for an audit of the overpayment. It’s what Jordan Harvey, Chief of Staff …
** The American Petroleum Institute, an oil and gas lobbying group, is petitioning to eliminate the Biden administration’s pause on new approvals for natural gas exports. The organization, along with other trade groups, filed what’s known as a “petition for rehearing” on the pause. Such a petition is not a lawsuit, but it could be thefirst …
Gulfport Energy Corporation reported a major drop in net income in the fourth quarter 2023 compared to the previous quarter. As a result of low natural gas prices, the firm is doing what others across the U.S. are doing….reducing some of its expenditures on natural gas exploration. The Oklahoma City company released its …
Southeast New Mexico where some of the nation’s nuclear waste is stored is now being considered as a site also for clean energy projects. The U.S. Department of Energy issued a request for information (RFI) to identify industry partners who might be interested in locating clean energy projects on the DOE land which is also …
While dozens of wildfires were fought across Oklahoma on Monday and Tuesday as dangerous 40 mph and 50 mph winds stoked them, they were small compared to the massive wildfire burning in the Texas Panhandle. An estimated 100,000 acres were burned in wildfires in Oklahoma and three firefighters injured according to News 9 TV …
Devon Energy only grew stronger in the fourth quarter of 2023 with record-settling oil volumes and net earnings of $1.2 billion or $1.81 per share. The Oklahoma City company released its earnings report following the close of markets on Tuesday showing adjusted core earnings of $902 million or $1.41 a share. It had operating …
