Crude oil prices went up 2% in Monday’s trading but Oklahoma energy stocks recorded losses for the day, even after U.S. recession fears faded. West Texas Intermediate crude gained $1.82 per barrel or 2.6% to finish at $73.16 on the New York Mercantile Exchange. Global benchmark Brent crude rose $1.71 or 2.3% to close …
Another pipeline crackdown launched by Biden administration
Still more pressure from federal pipeline regulators is coming as the Biden administration launches a major crack down on natural gas leaks as it attempts to reduce methane emissions and reduce air pollution. Transportation Secretary Pete Buttigieg helped announce the new rules on Friday as yet another round fired in the climate change battle …
Rep. Lucas wonders if new Energy Department office is more green energy bureaucracy
Congressman Frank Lucas is raising more questions about the need for a new Office of Clean Energy Demonstrations at the U.S. Department of Energy, suggesting it is another layer of bureaucracy and green energy effort created by the Biden administration. As chairman of the House Science, Space, and Technology Committee, the Oklahoma Representative joined …
Oklahoma Broadband Governing Board to meet
Oklahoma’s Broadband Governing Board will meet Tuesday afternoon at the state capitol. The latest broadband map released recently by the Federal Communications Commission will likely get serious discussion by board members during the 3 p.m. meeting. The board will receive an update from the National Telecommunications and Information Administration program officer, Kevin Blake. …
Kansas will keep two-person crew mandate for railroad operations
As some railway companies make moves toward a one-person crew n the engine cab of locomotives, all in the name of saving money, it won’t happen in Kansas. That’s because Gov. Laura Kelly is recommending the state be added to the list of states mandating railroad companies keep two-person crews. Railroad employees and unions …
Environmentalists sue to suspend natural gas operations of New Mexico energy company
A lawsuit has been filed by a conservation group to force the federal government to bring an end to natural gas flaring by one energy company in New Mexico. The suit by WildEarth Guardians seeks to compel the Environmental Protection Agency to correct alleged flaws in the oil company’s operating permits for two of …
Record oil and gas tax collections in southeast New Mexico
Oil and gas production has been so strong in far southeast New Mexico where part of the Permian Basin extends, that one county’s production tax collections are $20 million higher than for all of last year’s fiscal year. Eddy County has just two months remaining in the 2023 fiscal year and collected $8 million …
LSB Industries unveils stock repurchasing plan
Ammonia producer LSB Industries, Inc. announced Monday a $150 million sock repurchasing program approved by its Board of Directors. The Oklahoma City company manufactures ammonia and ammonia-related products at facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma and operates a facility for a global chemical company in Baytown, Texas. “We believe our …
Texas ranchers sue ERCOT over Chinese billionaire’s ties to wind farm
Two West Texas ranches are suing ERCOT over a wind farm project that had connections to a billionaire in communist China. Texas attorney Dallas J. Barrington filed a lawsuit on behalf of Ward-Walker Seven Oaks Ranch and Cole Ranch against the Electric Reliability Council of Texas (ERCOT), GH America Investments Group (GHA), GH America Energy, and Greenalia Wind Power …
Shell company chemicals plant fire reignited near Houston
The fire that injured 9 workers at Shell Plc’s chemical plant in Deer Park, Texas reignited over the weekend after firefighters managed to put it out on Saturday. Reuters reported water was being sprayed onto the fire to keep it under control until the chemicals, which were being processed at the time of the …
