Chesapeake Energy CEO Dominic Dell’Osso was among U.S. shale oil company leaders who met this week in Houston with OPEC officials. He and other major company leaders attended a dinner with OPEC Secretary General Mohammad Barkindo at a restaurant adjacent to the CERAWeek conference site. Officials from the Organization of the Petroleum Exporting Countries (OPEC) …
Until the war in Ukraine–Biden administration didn’t have much to say with oil and gas people
It apparently took a war between Russia and Ukraine to get the Biden administration talking again with U.S. oil and gas industry leaders. At least that’s the suggestion of ConocoPhillips CEO Ryan Lance reported Fox Business. Click here for Fox Business
Despite war in Ukraine, US expects higher oil production
The U.S. government expects crude oil production to increase to an average of 12 million barrels of oil a day in 2022. The U.S. Energy Information Administration’s latest Short-Term Energy Outlook says U.S. crude oil production had fallen below 11.6 million b/d in December 2021 which was the most recent monthly historical data point. That’s …
SE Asia Economic office bill wins Oklahoma House approval
The Oklahoma House passed a bill this week to create a Southeast Asia Economic Trade Office and locate it in Taiwan. House Bill 3166, authored by Rep. Judd Strom, R-Copan and co-authored by Rep. Logan Phillips, R-Mounds passed on a vote of 82-11 and is eligible to be heard by the full Senate. If such …
Hern—Biden must confront his failed policies that have led to our energy crisi
In The Hill this week, Oklahoma Republican Congressman Kevin Hern offered a column on his thoughts about President Biden and his war on oil and gas. Here is what he wrote: The Biden administration refuses to take the blame for their self-inflicted energy crisis. While gas prices have steadily risen for a year, Biden …
Mullin presses Intelligence community on role of American energy in global stabilization
Oklahoma congressman Markwayne Mullin was among those who pushed the U.S. Intelligence Community this week about the role U.S. energy plays in global stabilization. Their questions to Director of National Intelligence Avril Haines came during a hearing of the House Permanent Select Committee on Intelligence. Haines and other agency officials offered their assessment of …
Oil company indicted over 2019 deaths near Odessa, Texas
Nearly three years after a Texas oil company employee and his wife died from a gas leak inside a company-owned facility, the Department of Justice has charged the company in connection with the deaths. The Fort Worth Star-Telegram reported Odessa-based Aghorn Operating Inc. was indicted by a federal grand jury over the 2019 incident. …
Devon Energy holds large number of untapped drilling permits
A report by Bloomberg indicated that Oklahoma City’s Devon Energy Corp. along with EOG Resources of Houston hold thousands of federal drilling permits—more than other companies. The thousands of drilling permits held by oil and gas companies have been the focus of Biden administration criticism of the energy industry as oil prices climb over …
Crude oil prices hit $123 in U.S. after ban on Russian imports
U.S. crude oil prices rose another 4% on Tuesday as the White House decided it was time to ban Russian oil imports over the invasion of Ukraine. West Texas Intermediate crude for April delivery rose $4.30 or 4.47% and settled at $123.70 a barrel on the New York Mercantile Exchange. It was the highest …
HEAT leaders rip Biden for record high gas prices
Oklahoma congressman Markwayne Mullin and other Republican leaders of the House Energy Action Team or HEAT unloaded more criticism on President Biden this week after U.S. gasoline prices hit an all-time high of $4.17 a gallon. House Republican Whip Steve Scalise of Louisiana was joined by HEAT co-chairs, Rep. Mullin and South Carolina Rep. …