Democrats in New Mexico who are critical of the oil and gas industry have passed legislation to force companies to pay higher royalty rates on state land leasses. A bill to do such won approval over the weekend on a 39-28 vote as one sponsor said the state has a duty to maximize profits …
Category: General
Democrats in Colorado now plan to push for oil and gas drilling ban by 2030
The fracking fight in Colorado promises to heat up again this year as the state’s Democratic senators proclaim they plan to introduce a bill to ban new oil and gas drilling in the state by 2030. They further want to force companies to pay more to seal or plug old wells, adding to the …
Opinion—LNG freeze fight won’t be settled before November elections
While the Biden administration faces growing criticism from Republican and Democrat critics over its moratorium on some LNG shipments to Europe, some believe there won’t be a solution before the Presidential election in November. Further, one professor of Global Energy says the freeze on new LNG export approvals also will not stop a massive …
Energy quick reads
** Permian rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a merger that would create an oil and gas company that could be valued at more than $50 billion, the Wall Street Journal reported on Sunday. ** California’s plan to lower electricity rates and relieve the burden on low-income households, in particular, …
OEPA to hold annual convention in OKC in March
Members of the Oklahoma Energy Producers Alliance will gather in March for their annual meeting in Oklahoma City. The meeting will be heldl March 21-22 and one of the featured speakers will be Oklahoma Attorney General Gentner Drummond. The meeting will begin with a Thursday night reception on March 21 at the Bricktown Brewery …
Pressure grows on Biden to reverse his LNG moratorium
Not only are Oklahoma members of the U.S.House and Senate angry over President Biden’s moratorium on NGL exports and project developments,but dozens of former officials in the past two Republican administrations say he’s wrong and should reverse his freeze. Biden made the move under pressure from environmental activists who say it will help reduce …
Canoo undergoes leadership changes on Board of Directors
A change in leadership at Canoo Inc., the electric car manufacturer with a plant in Oklahoma City and a battery facility in Pryor. The company president Josette Sheeran has resigned from Canoo’s board of directors after holding the position since July of 2021. Another board member, Rainer Schmueckle also resigned. “I look forward to …
Williams and its ‘sustainability’ efforts are recognized
Williams was again recognized across several key rankings for sustainability leadership – including the Dow Jones Sustainability Index, S&P Global Corporate Sustainability Assessment and MSCI – for the company’s commitment to transparency and governance around climate change and other critical topics. Williams also received an ‘A-’ score on the 2023 CDP Climate Change Questionnaire, …
NGL Energy Partners saw drop in quarterly net income
NGL Energy Partners LP saw its net income fall in the third quarter of Fiscal 2024. The Tulsa company reported net income of $45.8 million compared to $59 million for the third quarter of Fiscal 2023. Adjusted EBITDA was $151.7 million, down from $193.3 million a year earlier. Still, company leaders are optimistic since …
Snow hits Oklahoma as highway crews go to work
Snow started blanketing western Oklahoma Sunday morning while rain fell in other areas of the state. As the winter storm approached the state, Oklahoma City announced its street crews had made preparations ahead of the arrival of the storm. Trucks mounted with plows and salt spreaders were ready to respond in the event of …