** Airzona Rep. Paul Gosar will lose his seat on two committees he sits on, Natural Resources and Oversight and Reform, for posting a video depicting violence against a Democratic colleague. The Arizona Republican’s ouster from Natural Resources, where he also serves as the ranking member of the Oversight and Investigations Subcommittee, is a major blow for …
Devon’s sustainability report shows improved efforts
Devon Energy Corp. on Wednesday released its latest sustainability report which highlights the company’s efforts to improve its environmental efforts. The company said it had reduced greenhouse gas emissions by 14% and methane emissions by 47% in 2020 compared to 2019. It also has a net zero for some of its operations by 2050. …
Texas regulators under growing pressure over alleged conflicts of interest
Allegations of conflicts of interest are nothing new to regulators in Oklahoma and Texas. Oklahoma Corporation Commissioner Todd Hiett faced such claims made by his critics who went to the State Supreme Court claiming he should be removed from the commission because he also is a director at SpiritBank which loaned money to oil …
House committee approves Rep. Bice’s weather radio bill
A bill by Oklahoma U.S. Rep. Stephanie Bice to upgrade the nation’s severe weather warning system won approval this week in a House Committee hearing. The Committee on Science, Space and Technology marked up unanimously H.R. 5324, the NOAA Weather Radio Modernization Act of 2021. Rep. Bice is the main author of the bill which directs …
Mullin highlights role nuclear power plays in reducing carbon emissions
During a House subcommittee hearing this week, Oklahoma Congressman Markwayne Mullin highlighted the role nuclear power plays in reducing carbon emissions across the country and warned the U.S. is headed down the same damaging steps taken by Europe. He also questioned the ability of the U.S. to achieve net zero emissions in its electricity …
$406 million Permian Basin acquisition made by Northern Oil and Gas
Northern Oil and Gas based in Minneapolis, Minnesota says it has acquired Permian Basin assets of Veritas Energy, LLC in far West Texas and Southeast New Mexico. The $408.6 million deal involves non-operated oil and gas properties in the Delaware and Midland Basins including some assets operated by Oklahoma-based Devon Energy. Northern said the …
National regulators urge more natural gas coordination after February storm
Nine months after the historic February winter storm left Oklahoma, Texas and other states frozen in the Midwest, U.S. power regulators issued their final report on the great freeze. Their recommendation? Electric grids should do more to strengthen cold weather rules and coordinate with the natural gas industry so the nation doesn’t experience the …
Biden administration targets Trump rule on railway natural gas
A Trump administration rule that would have allowed railroads to haul liquefied natural gas is targeted by federal regulators who want to suspend it. The Associated Press reports the rule had already been on hold over lawsuits filed by 14 states and environmental groups. Click here for AP story.
US crude oil slips–Brent rises
Tuesday’s trading of crude oil brought a reversal of prices for US and Brent crude. US prices slipped and Brent rose–just the opposite of what happened on Monday. West Texas Intermediate crude for December delivery dropped 12 cents to $80.76 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude …
Sen. Lankford still critical of Biden’s energy plans
Oklahoma U.S. Sen. James Lankford used a Senate Energy Committee hearing Tuesday to criticize the Biden administration’s move to get rid of traditional energy in the U.S. His questions were directed primarily at Stephen Nalley, Acting Administrator for the U.S. Energy Information Administration as well as Tim Gould, Chief Energy Economist at the …
