Oklahoma congressman Markwayne Mullin got a better idea this week of the Republicans who he will work with on the House Energy and Commerce Committee. Chairwoman Cathy McMorris, a representative from Washington state announced eight new members to the committee—picks that have yet to be formally ratified by the full Republican conference. The 8 …
Big banks are up in arms over a move by the Office of the Comptroller of the Currency to adopt new standards to prevent those banks from banning investments in oil and gas. Banks had threatened to not make investments or loans to fossil fuel companies because they contended oil and gas is harming …
** Paris-based Total , Europe’s second largest publicly-traded oil-and-gas company by market value, said Friday that it was only “partially aligned” with the API’s positions on climate-change policy and wouldn’t renew its membership for 2021, citing disagreements with the API’s stances against electric-vehicle subsidies, carbon pricing and methane emission regulations. ** The U.S. Energy Information Administration reported …
Drilling records made available by the Oklahoma Corporation Commission show renewed interest in the state’s oil and gas fields as oil prices surpassed $53 a barrel. Several new permits to drill were approved in the past few days, including one to Latigo Oil and Gas Inc. for a well it plans to drill in …
Oil prices over the $53 a barrel mark are spurring more shale producers in the U.S.. to hedge their bets by locking in prices for future sales. Increased oil prices might have sparked some interest in renewed drilling but more explorers are looking to the futures market. , Analysts don’t believe the U.S. oil …
US crude oil prices easily topped the $53 a barrel mark in Thursday’s trading and started heading to $54 a barrel. Overseas oil prices closed up as well. West Texas Intermediate crude for February deliver rose 66 cents to finish the day at $53.57 a barrel on the New York Mercantile Exchange. Global benchmark …
Some of the creditors who fought Chesapeake Energy’s reorganization plan contending they would be shortchanged have lost their battle as a federal bankruptcy judge has signed off on the Oklahoma City company’s plan to exit bankruptcy. Judge David Jones of the U.S. Bankruptcy Court in Houston ruled this week in favor of confirming Chesapeake’s …
A new report by Enverus Rig Analytics based in Austin, Texas shows the U.S. oil and gas rig count increased by 10 in the past week to reach 405. It also revealed Devon Energy took major steps in protecting its future drilling on federal lands. The count is as of Jan. 13 and down …
A new report called Fueling New Mexico provided by the New Mexico Oil and Gas Association pointed out that the industry provided close to $3 billion in revenue to the state last year. The report said the $2.8 billion in revenue included $1.4 billion for public schools and higher education, $640 million for health …
More virtual learning sessions for school teachers are planned this spring by the Oklahoma Energy Resources Board. The sessions will include a new hybrid model to help educators get new classroom materials and help keeping students engaged for the new semester and years to come. The professional development opportunities for teachers is funded by …