Energy Brief: Trump Eyes Venezuela Oil Return U.S. Energy Policy & Markets *Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid …
Empire Petroleum Extends Revolver Credit Facility to 2028
Empire Petroleum Extends Revolving Credit Facility to 2028 Credit Facility Extension Supports Long-Term Strategy Tulsa-based Empire Petroleum Corporation has secured additional financial runway after executing a third amendment to its revolving credit facility with Equity Bank, extending the maturity date by two years. According to the company’s announcement and a filing with the U.S. Securities …
Oklahoma oil experiences in Venezuela
Some Oklahoma oil and gas firms have had their share of experiences with the Venezuelan regimes that ran the country’s oil industry. They have not been good. Executives at Helmerich & Payne in Tulsa experienced the tough-handed decisions going back to a 2007 agreement in which the company agreed to supply its drilling rigs …
Scott Mitchell talks energy with Jerry Bohnen—the latest house cleaning at the Corporation Commission
https://www.facebook.com/reel/1576359276700637 Eyebrow-raising personnel changes at the Oklahoma Corporation Commission. It’s what Scott Mitchell and Jerry Bohnen discuss on the latest Scott Mitchell talks energy with Jerry Bohnen podcast. First there was the firing of Brandy Wreath followed this week by the termination of Trey Davis as Chief of Communications. What’s behind the housecleaning?
New Mexico Sues Oil Firms Over Abandoned Well Cleanup Costs
New Mexico Sues Oil Operators Over Abandoned Well Cleanup Costs Attorney General Targets Alleged Shell Company Scheme New Mexico Attorney General Raúl Torrez has filed a lawsuit aimed at forcing oil and gas operators to pay for cleanup and plugging of aging wells, accusing a group of executives and companies of deliberately shifting environmental liabilities …
Oklahoma Corporation Commission terminates another top-level officer
The house-cleaning by the Oklahoma Corporation Commission swept another employee out the door this week, just less than a week after the commissioners fired Director of Administration Brandy Wreath. On Monday, Trey Davis, Chief of Communications and Operations Officer, was also terminated from his position at the commission. No formal announcement was made and …
Energy briefs
** A defiant Nicolás Maduro declared himself “the president of my country” as he protested his capture and pleaded not guilty on Monday to the federal drug trafficking charges that the Trump administration used to justify removing him from power in Venezuela. ** Vistra Corp. says it’s buying Cogentrix Energy in a deal estimated at …
Baker Hughes ends joint venture with Cactus
Baker Hughes announced Friday the final closing of its previously announced joint venture with a subsidiary of Cactus, Inc., in which Baker Hughes has contributed its surface pressure control product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and gas drilling, completion and production, holds a 65% equity in the joint venture, …
Evergy transmission line in Kansas and Oklahoma to send power to Missouri
Kansas and Missouri power provider Evergy is planning to build a power transmission line across the land of hundreds of Kansas landowners to send electricity to Oklahoma and Missouri. A report from the Topeka Capital Journal indicated the line will start near Wichita at a major connection point for wind generated power and stretch …
Crude oil up $1 a barrel following capture of Venezuelan leader Maduro
The first public trading of crude oil following the weekend capture of Venezuelan dictator Nicolas Maduro by U.S. troops prompted a $1 a barrel gain for crude oil prices. But natural gas dropped nearly 10% and Oklahoma energy stocks recorded mostly losses for the day. Investors considered the impact of Maduro’s capture as leader of …