The federal government has agreed to pause all oil and gas activity around the Chaco Canyon area of northwest New Mexico. The Bureau of Land Management said this week it would reconsider a Trump administration decision that opened up fracking on 45,000 acres around the historic Indian site reported The Santa Fe New Mexican. …
Lankford urges Democrats to look in the mirror to see who’s to blame for high gas prices
While Democrats on the House Energy and Commerce Committee were slamming oil and gas and blaming the industry for high gasoline prices, Oklahoma U.S. Sen. James Lankford stood up for the industry on Wednesday, saying the Democrats have it all wrong on who’s to blame. He and other Senate Republicans said the President’s progressive …
Crude prices dropped their lowest in weeks
On the same day Big Oil was slammed by members of a U.S. House Committee exploring high gasoline prices, oil futures took a sharp drop on Wednesday. The drop occurred as nations announced plans to release oil from their reserves to counter an increase in tight supplies. Both Brent and West Texas Intermediate benchmarks hit …
Oil companies grilled by Democrats during House committee hearing
It was clear from the start of the Democrat-led House committee hearing into high gasoline prices Wednesday that they blamed ” big oil” for what Americans are paying at the pumps, but representatives from six oil firms, including Oklahoma’s Devon Energy, defended their operations. While the Committee called the hearing an investigation into high …
Investors to learn if Helmerich and Payne continued to trim losses
The second quarter 2022 earnings release by Tulsa’s Helmerich & Payne will be held later this month. Investors will be anxious to learn whether the company was able to continue reducing its losses. The company said it has a conference call scheduled for Thursday, April 28, one that will begin at 10 a.m. central …
Regulator reminds Oklahomans about safe digging projects
Oklahoma Corporation Commission Chairman Dana Murphy is reminding Oklahomans that any outdoor digging project this spring should start with a phone call. April is a national safe digging month. Murphy said dialing 8-1-1 can save you from a terrible accident. “Oklahoma has thousands of miles of buried pipeline and utility cable,” Murphy said. “The only way to be sure you won’t hit those lines is to have them located and marked. All you have to do is dial 8-1-1 or 1-800-522-OKIE and the OKIE 811 service will take it from there.” She said it doesn’t matter if one hole or a hundred are being dug. “—digging without first dialing 8-1-1 or 1-800-522-OKIE puts you and others at risk for serious injury …
New Mexico considers move to offset gasoline prices
New Mexico legislators returned to the state capitol this week for a special legislative session to consider $500 direct payments and lower public transit tickets to residents to offset high gasoline prices. Click here for Las Cruces Sun
Fort Collins considers unusual step to prevent oil and gas drilling
The Mayor of Fort Collins, Colorado wants to limit oil and gas activity in the city’s boundaries and thinks the best method is to buy all of the mineral rights in the city. “I’m talking about buying out the operators who own the oil and gas,” Mayor Jeni Arndt said at a recent city …
Inhofe says Chinese cyber theft is still a serious issue
U.S. Sen. Jim Inhofe used a senate hearing this week to stress the importance of cyber security and how China continues to steal cutting-edge technology from the U.S. “—it’s clear the threats posed by our adversaries in cyberspace are growing. China is using cyber to steal our cutting-edge technologies, and Russia is using destructive …
US and World energy headlines
** The Environmental Protection Agency (EPA) on Tuesday proposed a major step to limit exposure to asbestos, a carcinogen that kills 40,000 Americans each year. The EPA proposed to ban imports, manufacturing, processing and distribution of a type of asbestos called chrysotile asbestos. ** A new poll from Gallup finds that nearly half of all Americans worry “a great …