** The five biggest oil majors in the world are expected to report record profits for 2022 in the coming days, for around $200 billion in combined yearly earnings thanks to the jump in oil and gas prices last year. ** Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale …
Category: General
Study–cheaper to drive a gas-powered car than EV
Owners of electric vehicles got some shocking news this week. They were told their EVs actually cost more to drive than traditional gas-powered cars according to a consulting firm. Fox Business News reported the declining price of gasoline resulted in a lower cost for most Internal Combustion Engine vehicles. Click here for Fox Business News
Number of utility power cutoffs grows across US
A new report says electricity was cut off more than 1.5 million times last year as consumers struggled with soaring bills according to environmental and clean energy advocates. In other words, Oklahomans were not alone in facing one increase after another. Bloomberg reported the increase came as US consumers wrestled with a 14% increase …
Texas oil and gas producers advised to be prepared for latest winter storm
This week’s cold snap prompted the Texas Railroad Commission to urge oil and gas producers in the state to secure their equipment and be prepared ahead of the winter weather. The Commission on Sunday issued a statement in which it advised operators to take action reported Bloomberg. Click here for Bloomberg
Oklahoma fights with tribes over mining regulations
Oklahoma is at odds with Indian tribes in a dispute over whether the state should control or regulate surface mining on the Cherokee, Choctaw and Muscogee reservations. The state isn’t backing down after a federal judge ruled the tribes should control the regulations based on the landmark U.S. Supreme Court decision reported The Oklahoman. …
White House blasts oil companies again over failing to increase oil supplies
U.S. oil companies received another round of criticism on Friday from the White House after Chevron Corp announced its annual profit doubled for 2022. The company posted a record $36.5 billion for the year and at the same time said it plans to triple spending on share repurchases, something that prompted a White House …
Oklahoma’s congressional delegation stands up to Biden’s use of SPR
When the bill aimed at stopping President Biden’s political use of the Strategic Petroleum Reserve hits the U.S. Senate after winning approval Thursday in the House, Oklahoma Sen. James Lankford will be one of its strong advocates. After all, he was among Republican Senators who introduced their own version of the Act. “Only in …
Large Colorado battery project launched by Xcel Energy
Xcel Energy is expanding the monster renewable energy project it has near Pueblo, Colorado. The company announced it will build a 10-megawatt battery array the size of a football field near its Comanche coal-fired power complex in Pueblo reported The Colorado Sun. Click here for Colorado Sun
No change in oil and gas rig numbers in Oklahoma
The number of oil and gas rigs exploring for oil and gas was unchanged in Oklahoma and the U.S. in the past week with a few of the shale oil areas reporting a slight gain. Oklahoma held steady at 64 rigs, same count as a week earlier. It was still higher than the 51 …
Lucas frustrated over White House responses to his requests
One would have to possibly forgive Oklahoma Congressman Frank Lucas if he doesn’t have kind things to say about the way the Biden White House communicates with him. It doesn’t. Rep. Lucas, chairman of the U.S. House Science, Space and Technology Committee has run into yet another stone wall by the Biden administration as …