Republicans on the U.S. House Energy and Commerce Committee, including Oklahoma 2nd District Rep. Markwayne Mullin have a new minority leader following Wednesday’s selection by the Republican Steering Committee. Eastern Washington Rep. Cathy McMorris Rodgers was picked to be the Republican leader of the Committee. “This committee is critical to addressing the issues that matter …
Oklahoma energy leaders apparently don’t think a Biden administration will follow through with the much-talked-about idea of a national ban on fracking. It’s what the Oklahoma Journal Record reported this week in a story by reporter Trevor Brown. Click here for the Journal Record article.
The approaching takeover of Concho Resources Inc. by ConocoPhillips will apparently lead to the layoff of nearly one-fourth of the workers at ConocoPhillips headquarters in Houston. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. The layoffs will apparently apply only to the Houston offices and …
Writing in the National Review, Paul Gessing wonders if the anti-fossil fuel policies of a Biden administration will be enough to change the politics of New Mexico from blue to red. Will the state give up on energy ideas of the Democratic party and return Republicans to control of its governor’s mansion and legislature? …
As investors awaited news whether OPEC will extend its production curbs through the early winter, they learned U.S. oil production was on the increase while gasoline inventories were dropping—resulting in falling crude prices nationally while increasing in Europe. Crude prices dropped nearly 2% by mid-afternoon on Tuesday after the American Petroleum Institute reported increased …
Oklahoma public utility regulators meet Wednesday at the state capitol. Due to the COVID-19 pandemic, the meeting of the Corporation Commission will be virtual for the public, although it is possible that commissioners might attend in person using glass shields separating themselves from one another. The agenda includes consideration of a daily signing agenda, …
Higher natural gas prices are behind a January increased fuel cost adjustment for customers of Public Service Company of Oklahoma. The company announced that beginning with the January 2021 billing cycle, PSO will increase the fuel cost adjustment on customer bills to reflect higher prices for natural gas and purchased power. The adjustment is …
It’s not unusual for corporations to writedown the value of their assets but the one taken this week by Exxon Mobil Corp. grabbed all sorts of notice. Exxon indicated it’s about to make its biggest writedown in modern history—-all because of the collapse of energy prices brought on largely by the COVID-19 pandemic. The …
A railroad company that challenged Oklahoma’s 2019 state law against blocking streets has won a federal court lawsuit in Oklahoma City. U.S. District Judge Charles B. Goodwin has ruled the law unconstitutional and permanently barred the state from enforcing the law in a challenge filed by the Burlington Northern Santa Fe railway company. The …
Oil and gas industry leaders from Oklahoma will be among those taking part this week in the Water Management Permian Basin 2020 virtual conference. Water professionals from WPX Energy, Marathon Oil, EOG Resources, ConocoPhillips and Fourpoint Energy will be among those taking part in panels on Thursday and Friday where they will also explore options …
