Ever since Oklahoma and four other states enacted laws in 2020 to stop cities and municipalities from creating bans on natural gas use, the movement has evolved to at least 19 states total with such laws. As S&P Global reports, those laws now stretch across most of the southern U.S. and from the Rockies …
Texas Gov. Abbott given $1 million from Texas pipeline tycoon
After Kelcy Warren’s Energy Transfer Partners made billions from the deadly Texas blackouts in February, he gave $1 million to Texas Gov. Greg Abbott. The Texas Observer explored how the natural gas industry was able to reap billions from the actions of the governor. Click here for Texas Observer.
Energy news in brief
** Massive amounts of radioactive waste brought to the surface by oil and gas wells have overwhelmed the industry and the state and federal agencies that regulate it, according to a report released today by the prominent environmental group Natural Resources Defense Council. The waste poses “significant health threats,” including the increased risk of cancer to oil and …
Baker Hughes predicts drillers won’t expand operations in remainder of 2021
Baker Hughes is betting on a slow down in shale drilling in the U-S in the second half of the year. The company suggests that even as prices hit the mid $70 range in recent weeks, there’ll be a slow down because explorers are still hesitant for investments in break-neck drilling operations. Click here …
Cheniere agrees to 15-year deal with Canada’s biggest natural gas producer
A subsidiary of Cheniere Energy, Inc. LNG has reached agreement for a long-term gas supply agreement with Tourmaline Oil Marketing Corp., a unit of Tourmaline Oil Corp., Canada’s largest natural gas producer. Cheniere’s subsidiary Corpus Christi Liquefaction Stage III, LLC will receive 140,000 MMBtu a day of natural gas under the agreement reported Zacks …
Permits to drill for July 20, 2021
Beaver County NAYLOR #1-21, July 20 2021 21 1N 22EC W2W2E2NW API: 00723590 ENCINO OPERATING LLC SH, RC, 8780 ft, CHESTER(8038) Kingfisher County CHURCH 1606 #2H-17X, July 20 2021 17 16N 6W SWNENENW API: 07326769 Lat: 35.86998587199779, Long: -97.86256776311488 OVINTIV MID-CONTINENT INC. MU, DR, 17777 ft, MISSISSIPPI LIME(7258), MISSISSIPPIAN (LESS CHESTER)(7277) Kingfisher County CHURCH 1606 #3H-17X, July …
Corporation Commissioner denies violating constitution and refutes lawsuit
Attorneys for Oklahoma Corporation Commissioner Todd Hiett not only state that he has in no way violated the Oklahoma Constitution by also sitting on the board of directors of Spiritbank but that a former legislator who sued him has no legal standing to do so. In a filing on the last day the Supreme …
Crude oil rebounds in Tuesday’s trading–so did Oklahoma energy stocks
After taking a more than $5 a barrel tumble on Monday, crude oil prices in the US managed a weak $1 rebound on Tuesday. As a result, Oklahoma energy stocks brought a sigh of relief to operators and investors. West Texas Intermediate crude oil for August delivery finished one dollar higher at $67.42. Global …
BLM nominee likely to get split vote in Senate energy committee
The showdown between Oklahoma Sen. James Lankford and other Republicans with Democrats over the nomination of Tracy Stone-Manning to head Biden’s Bureau of Land Management took another development on Tuesday. Democrat Sen. Joe Manchin reportedly will vote for the nomination despite the face she lied to the committee about her eco-terrorism past in spiking …
Time change for release of Phillips 66 earnings report
Phillips 66 has changed the time of its conference call to discuss second-quarter earnings. The conference call webcast will now be held at 1 p.m. EDT on Tuesday, Aug. 3, 2021. At that time, the company’s executive management will discuss second-quarter 2021 financial results, which will be released earlier that day, and provide an …