** The Biden administration quietly entered into a court settlement late Friday with a coalition of environmental groups who have pushed for more wildlife protections from offshore oil development activity. In a stipulated stay agreement filed with the U.S. District Court for the District of Maryland, the National Marine Fisheries Service (NMFS) agreed to a number of conditions requested …
Category: General
The Bill Gates nuclear power plant is under construction in western Wyoming
Kemmerer, Wyoming, where JCPenny opened its first store in Kemmerer in 1902 before going nationwide, is about to get the nuclear power plant proposed by billionaire Bill Gates. The first of 2,500 workers who will build the plant for his 10-year old energy company TerraPower, are already doing site surveys around the city of …
Higher land rates expected in New Mexico due to Biden administration’s latest oil and gas attack
Oil and gas companies wanting to explore on public lands in New Mexico will likely see increased drilling fees because of last week’s action by the Biden administration to put reins on the industry to an even greater extent by increased royalty and rental rates. What will it mean for E&P companies? Royalty rates …
Crude oil recorded another week of gains while OK energy stocks rose as well
While crude oil prices rose nearly 2% on Friday, recording a fourth consecutive weekly gain, Oklahoma energy stocks mostly recorded gains for the day. Prices made gains because of growing evidence of supply shortages in the near future. West Texas Intermediate crude, the U.S. benchmark, rose $1.42 or 1.9% to finish at $77.07 a barrel …
Nation’s rig count slipped again while Oklahoma saw a slight rebound
The nation’s number of active oil and gas rigs took another drop in the past week, according to Baker Hughes Co. while Oklahoma added one to reach 40 active rigs. The nation’s count fell by 6 to 669 including a decline of 7 oil rigs, leaving 530 while the number of gas rigs fell …
Devon Energy reports big natural gas production from Blaine County wells
Turns out Devon Energy had four wells on a single pad in Blaine County with production of more than 1,500 barrels of oil a day and nearly 29,000 Mcf of natural gas. The Oklahoma City company filed two more completion reports a day after it filed two others showing production of 679 barrels of …
Kansas groups sue Fish and Wildlife Service to stop protection of lesser prairie-chicken
The U.S. Fish & Wildlife Service was sued this week by some Kansas farm groups in a challenge of the agency’s move to enact Endangered Species Act protective regulations for the lesser prairie-chicken. The Pacific Legal Foundation filed the suit on behalf of Cameron Edwards who is a Logan County landowner, a group of Kansas …
Energy headlines
** A U.S. appeals court declined to reconsider lawsuits challenging the Environmental Protection Agency’s finding that greenhouse gasses, including carbon dioxide, pose a danger to human health and welfare. The full U.S. Court of Appeals for the District of Columbia Circuit denied a petition for rehearing en banc filed by the Concerned Household Electricity Consumers Council and …
Rep. Tom Cole says House passed bill will boost FAA in Oklahoma City
A bill passed in the U.S. to reauthorize the Federal Aviation Administration and federal aviation programs for the next five years will help improve not only Oklahoma City’s air traffic controllers training program but other control towers in the state. Congressman Tom Cole supported the passage of H.R. 3935, the Securing Growth and Robust …
Barrasso says latest BLM leasing rules are just another attack on oil and gas
Wyoming U.S.. Sen. John Barrasso says the latest rule proposed by the Biden administration to raise costs of oil and gas firms leasing public lands is just another assualt that knows no bounds on America’s reliable energy industry. “President Biden’s assault on affordable, available and reliable American energy knows no bounds. With the stroke of …