** U.S. natural gas producers are slashing spending and reducing drilling activity following a sharp decline in prices, companies said this week during earnings presentations and analyst calls. ** House Judiciary Chair Jim Jordan, R-Ohio, cheered the news that multiple major U.S. banks and financial institutions are leaving a $68 trillion climate alliance founded at the …
Category: General
Earthquake rattled Eagle Ford play over the weekend
Texas, not Oklahoma, was the latest state to be shaken by a significant earthquake. It was early Saturday morning when a 4.7 magnitude quake rattled San Antonio around 12:30. The depth, according to the U.S. Geological Society was 4.2 miles and the epicenter was about 1.5 miles southeast of Falls City, located 60 …
Commissioner points to reimbursement as another example of wrongdoing in winter storm bonds
Nearly four months after Oklahoma Attorney General Gentner Drummond issued a “put up or shut up” demand of Corporation Commissioner Bob Anthony over his fraud claims regarding the issuance of bonds to cover the 2021 winter storm prices, Anthony stepped forward with another piece of evidence to back up his charges. The Commissioner revealed …
Legislators didn’t support New Mexico’s lavish oil and gas wastewater plan
New Mexico Gov. Michelle Lujan Grisham, who flew to Dubai for the COP28 Climate Summit and made an extravagent announcement of a $500 million plan to buy treated drilling wastewater, just saw her idea go up in smoke. She was the lone Governor to join the stage aat the conference some months ago but …
House members vote against Biden’s LNG moratorium
All five Oklahoma U.S. House members sided with the majority in voting to strip President Biden’s authority to permit natural gas export projects—a slap in the face to his freeze issued last month of permits to send more LNG shipments to Europe. The House vote was 224-200 and Oklahoma U.S. Reps. Stephanie Bice, Josh …
BlackRock takes another step to back away from heavy ESG commitments
BlackRock, the investment firm banned from doing state business in Oklahoma because of its ESG policies and alleged discrimination against oil and gas, is backing off its previous heavy commitment to an international climate change coalition. The coalition, known as Climate Action 100+ or CA100+ had promoted stronger action on climate change. But this …
Exxon to decide how to proceed with lithium project in Arkansas
The Exxon Mobil technologists working on a lithium project in Arkansas’s Smackover formation have a decision to make by the end of the year—which lithium filtration technology to use as the company hopes to become a top producer of the material needed for electric vehicle batteries. Patrick Howarth, head of Exxon’s lithium business recently …
Oklahoma energy stocks had a strong Thursday on crude oil rebound
Not only did crude oil prices rebound more than 1% on Thursday, but nearly every Oklahoma energy stock gained too and 5% and 6% jumps were common. The reason for the oil jump was U.S. retail data prompted a sell-off in the dollar. Plus, investors took stock in the International Energy Agency forecast that there …
$17 million in FAA grants to help airports in Tulsa and Stillwater
Airports in Tulsa and Stillwater are among those nationally that are receiving nearly $1 billion from the Biden administration to upgrade terminal facilities. Transportation Secretary Pete Buttigieg announced the $970 million in grants Thursday for 144 airports in 44 states and three territories. The Tulsa International Airport will receive a $12,500,000 grant to help fund …
Bitcoin mining datacenter to be built in Muskogee
A $100 million bitcoin mining facility is going up in eastern Oklahoma. The 200 MW project at the Port of Muskogee Industrial Park is an operational data center to be built by Polaris Technologies, Inc. The firm called it “Project Bifrost” and described it as “One of the Biggest Mining sites in the world.” …