The ban on new drilling and leasing on federal lands has left New Mexico state confused and they want a clarification from the Biden administration. New Mexico’s Secretary of Energy, Minerals and Natural Resources sent a letter this week asking the Department of Interior to clarify how right-of-way permits fit into the new policy, …
Oil prices continue their climb as storage falls in US
Crude oil futures continued their slow ascent in Wednesday’s trading as West Texas Intermediate crude for March delivery settled up 32 cents at $58.68 a barrel. Global benchmark Brent crude for April delivery increased 38 cents to finish the day at $61.47 on ICE Futures Europe. The increased crude prices came on a day …
GOP Attorneys General want Biden to reconsider killing Keystone XL
Skip to content President Biden has been asked by 14 Republican attorneys general to reconsider his move to kill the Keystone XL pipeline, a move that left thousands out of work, or else some might be forced to take legal action. Oklahoma Attorney General Mike Hunter was not among them. In a letter to the …
Federal leasing ban a ‘direct attack’ on Wyoming says Governor
Wyoming Gov. Mark Gordon said this week the Biden administration’s move to stop federal leasing of minerals to oil and gas developers is a direct attack on his state. He criticized the President’s action and said the freeze will have more of a devastating effect on Wyoming than other states On Fox News he …
Weak oil production dragged down Oklahoma revenue collections
Another sign of a slowly recovering economy in Oklahoma was shown this week by the state government when it released general revenue fund collections for January which were nearly 16% lower than a year earlier. The Oklahoma Office of Management and Enterprises Services announced the collections totaled $597.5 million, an amount that was $112.2 …
OK House Committee passes metal act named after officer killed in line of duty
An Oklahoma House Committee on Wednesday approved a metal theft act named in honor of slain Tulsa police Sergeant Craig Johnson. The Sgt. Craig Johnson Metal Theft Act was passed 9-0 out of the House Judiciary-Criminal Committee and sent to the full House for a vote. Rep. Carol Bush, R-Tulsa said House Bill 1001 carried …
Norway’s Equinor bails out of Bakken
The Bakken shale holdings of Norway’s Equinor are being sold in a $900 million deal announced this week by the company. The sale of the assets in North Dakota and Montana come after years of mulitibillion dollar losses for the company. The buyer is Grayson Mill Energy which is a firm backed by EnCap …
Texas regulators hint at tougher reviews of flaring applications
Texas regulators gave an indication this week that they intend to be perhaps more critical of their control of flaring or burning off of excess natural gas. The Texas Railroad Commission on Tuesday delayed action on several applications for flaring including one by Colorado-based Ovintiv Inc. Another request sought approval to flare more …
Rebate program for EV charging station expansion started in Arkansas
The state of Arkansas has launched a rebate program to urge expansion of the electric vehicle charging infrastructure. The Arkansas Department of Energy and Environment, Division of Environmental Quality’s Energy Office recently started the Level 2 Electric Vehicle Supply Equipment program. The Arkansas Department of Energy and Environment, Division of Environmental Quality’s (DEQ) Energy …
Energy news in brief
** West Virginia U.S. Sen. Joe Manchin, energy committee chairman and key swing vote in the narrowly divided Senate, urges President Joe Biden to reconsider his cancellation of the Keystone XL pipeline. ** Bahamas Petroleum Company will stop drilling a controversial oil well it started in December about 150 miles from the South Florida coast, after saying it did …