Democrats in Congress aren’t satisfied with the grilling they gave Devon Energy and other oil and gas industry representatives during a House hearing this week. Now leaders of other congressional committees want to pile on the oil companies in an attempt to blame them for high prices at the gasoline pumps. The U.S. Senate …
Inhofe couldn’t pin down EPA Administrator on methane tax
Oklahoma U.S. Sen. Jim Inhofe tried to pin down EPA Administrator Michael Regan this week on whether a methane tax pushed by the Biden administration would lower fuel prices in the U.S. but what he received were vague answers. The Senator questioned Regan during a hearing of the senate Environment and Public Works Committee …
Continental Resources to hold annual shareholders meeting May 19
The upcoming annual shareholders meeting by Continental Resources Inc. will be a virtual gathering on Thursday, May 19. The company filed a Proxy Statement with the Securities and Exchange Commission showing the planned agenda including the adoption of the 2022 Long-Term Incentive Plan, the ratification of the selection of independent auditors and the approval …
Enverus rig count shows drop nationally
The U.S. rig count was down by two week over week at 757 rigs as of April 6, according to Enverus Rig Analytics. But the Texas-based firm showed rig numbers were on the increase in the Anadarko Basin. Activity levels are down 0.3% in the last month and up 58% YOY. The count was …
Cushing’s crude stocks rebound
A new report by the U.S. Energy Information Administration shows the amount of crude oil in storage at the Cushing hub increased slightly in the past week. The most recent figure was from April 1 when Cushing held 25.9 million barrels of crude oil. It was an increase of 1.7 million barrels compared to …
ODOT launches work zone safety campaign; nearly $130 million in contracts awarded
The Oklahoma Transportation Commission awarded nearly $130 million in highway construction projects during its meeting this week in Oklahoma City. Contracts were awarded for major projects on US-62 in Muskogee County, US-259 in McCurtain County and US-69 in Atoka and Bryan counties. Secretary of Transportation and ODOT Executive Director Tim Gatz unveiled a spring …
Supreme Court revives Trump EPA clean water rule
The U.S. Supreme Court on Wednesday, in a 5-4 split, revived a Trump-era rule intended to fast-track big energy projects by limiting the power of states to curtail the projects under the Clean Water Act. The court ruling came in a challenge filed by Louisiana and seven other Republican-led states, Arkansas, Mississippi, Missouri, Montana, West …
Large solar farm proposed in northeast Kansas
NextEra Energy’s plans for a 3,000-acre solar panel farm in northeast Kansas are gaining traction. Click here for Kansas Public Radio
US and World energy headlines
** Power generated by wind turbines in the United States hit a milestone last week, becoming the second-highest source of electricity in the country for a 24-hour period, according to the Energy Information Administration. ** New Fortress Energy Inc. is new to the LNG-export game, but its billionaire chief has big plans. Within a couple of years, …
European countries meet with US shale gas producers
Representatives from 9 European countries met this week in Houston with a dozen U.S. shale gas executives to discuss expanding U.S. fuel supplies to Europe. Reuters reported the officials toured the Golden Pass LNG export project in Sabine Pass, Texas, and later met in Houston with shale gas producers. Click here for Reuters