The Democratic-controlled House Energy and Commerce Committee voted to approve its portion of the COVID-19 relief budget reconciliation legislation, one with a $188 billion price tag. But it did so without the support of Republican Rep. Markwayne Mullin of Oklahoma. Congressman Markwayne Mullin (OK-02) released the following statement after voting against the Energy …
The increased crude oil futures have apparently sparked more drilling interest in Oklahoma as reflected by new drilling permits issued by the Corporation Commission. Completion reports show more 2020 activity by Ovintiv Inc, the Denver-based company that has found big producers, mostly in Oklahoma’s STACK play. The company also obtained more seven more permits …
As crude oil futures jumped in Friday’s trading with the benchmark U.S. crude crawling closer to the $60 mark, energy stocks in Oklahoma and elsewhere also got a bump. West Texas Intermediate crude for March delivery went up $1.23 to $59.47 a barrel in trading on the New York Mercantile Exchange. The global benchmark, …
Oklahoma Congressman Frank Lucas has joined other U.S. Representatives, Republicans and Democrats who belong to the House Rural Broadband Caucus in sending a letter to President Biden to prioritize broadband investments in his upcoming infrastructure package. “Access to rural broadband has never been more important than it is now. From schools and doctors’ offices to …
A New Mexico investigative website, New Mexico In Depth reports Exxon Mobil Corporation was one of those firms that contributed to a dark-money group last year, a group that supported reforms of the state’s Public Regulation Commission. The investigative site admitted it wasn’t much…only $10,000 but its story left readers with the opinion that …
** Enbridge Inc on Friday forecast higher costs for its long-contested Line 3 pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons. Enbridge now estimates capital costs for the Line 3 replacement project, including the Canadian segment already in service, at $8.18 billion up from $7.08 billion. The increased …
Wind power company, EDF Renewables North America inks another big sale of its electrical power. The company, with major wind farm operations in Oklahoma signed a deal this week to provide power from one of its Texas wind farms to German chemicals producer BASF. BASF agreed to buy 35 MW of wind power capacity …
New legislation aimed at prohibiting the state of Texas from doing business with any investment firms boycotting oil and gas companies could be unveiled this week in the Texas legislature. It’s a bill to be filed in response to investment companies and banks that have attempted to stop doing business with oil and gas …
While the analytical firm Enverus reported a drop in U.S. rig numbers in the past week, Baker Hughes Co. reports an increase of 5 nationally to 397. But many more rigs remain in storage. Oklahoma’s count fell one to 17 compared to the 50 rigs active one year ago. The national count included an …
The wind industry made huge gains in 2020 and a new study by the American Clean Power Association said it was a record year as there was an 85% increase in new wind power capacity over 2019. Developers in Oklahoma, Texas and other wind-power states added enough megawatts of capacity to power millions of …
