Oklahoma Gov. Kevin Stitt is one of four governors scheduled to speak next month in the 64th annual meeting of the Souther States Energy Board. The conference will be held in Chattanooga, Tennesse September 22-24. The theme of the conference is “Powering Prosperity: Driving the South’s Abundant Energy Renaissance.” Stitt is one of four …
GM accused of creating secret driving data and selling to insurers
The state of Texas has gone to court against General Motors claiming the automaker installed technology on millions of vehicles to collect secret data about drivers. The lawsuit contends GM then sold the data to insurers and other companies and the drivers were unaware of it. Texas Attorney General Ken Paxton filed the …
Energy briefs
** Iowa Attorney General Brenna Bird led a coalition of eight state attorneys general in filing a court brief supporting Ohio’s lawsuit against the Environmental Protection Agency (EPA) over California’s electric vehicle mandates. Bird is joined by the Republican attorneys general from the states of Idaho, New Hampshire, North Dakota, South Dakota, Tennessee, Virginia and …
Chinese connections to hydroelectric project on Kiamichi River anger Congressman
The Chinese connection first reported by the Southwest Ledger concerning a controversial proposed hydroelectric power project along the Kiamichi River in southeast Oklahoma caught the attention of Congressman Josh Brecheen. As a result, he came out this week against the project proposed by the Southeast Oklahoma Power Corporation’s project in LeFlore and Pushmataha Counties, …
Twenty to lose their jobs in Bartlesville in employment cuts by Phillips 66
Bartlesville, once the headquarters for Phillips 66, got some troubling news this week when the oil company, now headquartered in Houston, confirmed the layoffs of 20 workers at the Oklahoma facilities. The company announced last week there would be a round of layoffs at different operations but its Bartlesville Business and Innovation Center …
Surprise surge in crude stocks sent crude prices falling
Crude oil prices dropped 1% in Wednesday’s trading, largely because of an unexpected surge in U.S. crude inventories and further easing of worries about an all-out war in the Middle East between Iran and its allies against Israel. US benchmark, West Texas Intermediate dropped $1.37 or 1.8% to settle at $76.98 a barrel on the …
Texas gas company says AG’s fraud lawsuit should not be heard in Osage County
A Houston company sued by Attorney General Gentner Drummond and accused of fraud over historic high natural gas prices during Winter Storm Yuri in 2021 is asking an Osage County Judge to transfer the case to Texas. Symmetry Energy Solutions, LLC maintains the lawsuit filed in April on behalf of the Grand River …
State attorneys argue “not so fast” in lawsuit against anti-ESG law
The Oklahoma Attorney General is putting up more of a fight in the lawsuit against State Treasurer Todd Russ over his enforcement of the state’s controversial Oklahoma Energy Discrimination Elimination Act. The Act is better known as an “anti-ESG” law created to protect Oklahoma’s oil and gas industry from discrimination by financial firms. This …
Crude oil supplies gain across the U.S. but slip at the Cushing Hub
The U.S. saw a slight buildup of its crude oil stocks in the past week while the Cushing Hub in Oklahoma experienced a decline. The U.S. Energy Information Administration reported the nation’s crude stocks grew by 1.4 million barrels from 429.3 recorded on August 2 to 430.7 million barrels as of August 9. The …
Mach records lower 2Q earnings and moves toward lower rig activity
Mach Natural Resources LP recorded a slight drop in its net earnings in the second quarter, according to the financial report released this week by the Oklahoma City company. At the same time, the company expects to reduce its drilling and rig activity. It had reported net income of $40 million and adjusted EBITDA …
