The states of Oklahoma, New Mexico, Texas, Kansas and Colorado await an expected decision this month from the U.S. Fish and Wildlife Service about protections for the lesser prairie chicken and protections under the Endangered Species Act. The government is considering a “threatened” listing in Oklahoma, Kansas and Colorado and an “endangered” listing in …
Dems didn’t listen to Lucas about methane
Even though Oklahoma congressman Frank Lucas warned a House Committee about over-regulation of methane and standing in the way of efforts to control its emissions, Democrats went ahead and accused the oil and gas industry of “failing” to address leaks of the gas. In a new report, the Democrats on the House Science, …
Texas terminal fire sends natural gas prices falling
A fire this week at Freeport LNG’s terminal in Quintana, Texas sent U.S. natural gas prices tumbling. Bloomberg reported that as a result of the fire, the terminal will be closed for at least three weeks, a move that leaves supplies of the fuel stranded. Click here for Bloomberg
Fighting extreme ESG efforts by financial groups
Speculation grows that if Republicans take back Congress in the midterms, they’ll turn their opposition of green investing and “woke” corporate policies into legislative action. They intend to propose legislation very similar to Oklahoma’s new law that forbids financial institutions from no longer doing business with the oil and gas industry because of its …
Crude supply dwindles again at Cushing
The crude oil supply at the Cushing hub in northern Oklahoma fell again in the most report report from the U.S. Energy Information Administration. The supply as of June 3 totaled 23.4 million barrels of oil, a fall of 1.6 million from May 27 when the total was 25 million barrels. One year ago, …
Oil execs sell millions in shares at their companies
Two executives at two oil and gas operations active in Oklahoma cashed out on the impact of high crude oil prices that bumped industry shares upward and sold more than $2 million in shares. The executives are with Ovintiv Inc. and Coterra Energy. Ovintiv Director Thomas G. Ricks of Austin, Texas sold more than …
Crude reaches 13-week high
Crude oil prices on Wednesday jumped to a 13-week high because of increasing gasoline demand. They rose more than 2% while demand for gasoline keeps growing despite increasing prices at the pump. West Texas Intermediate crude for July delivery went up $2.70 or 2.3% to finish the day at $122.11 on the New York …
Devon Energy expands holdings in the Williston Basin
Devon Energy Corp. announced it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million. The transaction is subject to customary terms and conditions and is …
CEO at EV maker Canoo still hopeful about plant in Oklahoma
Still nothing firm whether EV maker Canoo will be able financially to proceed with its plans to build a manufacturing plant in northeast Oklahoma and locate it headquarters in Arkansas. Weeks after the company admitted it had ongoing concerns about its financial abilities, Canoo CEO Tony Aquila told an Arkansas TV news reporter he …
Colorado bans PFAS in oil and gas drilling
The Governor of Colorado has signed a bill into law banning the use of PFAS or per-and polyfluoroalkyl substances in products used for oil and gas drilling. It makes Colorado to become the first state to bank the PFAS in oil and gas industry use and the law becomes effective Jan. 1, 2024 reported …