** The Biden administration is restricting drilling on millions of acres of government-owned lands in Alaska — and taking the penultimate step toward blocking a mining access road in the same state. The administration announced Friday it would block off oil and gas drilling on 13 million acres in the Western Arctic that are part of an …
AG Drummond loads still another round in his fight against the EPA
A new day. A new challenge by Oklahoma Attorney General Gentner Drummond to yet another controversial rule from the U.S. Environmental Protection Agency. This one is a challenge to the Biden administration’s use of the EPA to force American motorists to buy electric vehicles by enforcing new environmental regulations against gas powered cars. …
Borrowing power of PHX Minerals remains steady following review
The borrowing ability of Fort Worth-based PHX Minerals Inc. is unchanged following a regularly scheduled semi-annual redetermination of the firm’s senior secured credit facility. Following the review, the facility reaffirmed PHX’s existing $50 million borrowing base with no changes to pricing, covenants or other material terms, according to a company announcement. Further, the Maturity …
OIG responds to Lucas move to replacing acting director
The U.S. Commerce Department’s Office of Inspector General says allegations of whistleblower retaliation made by Oklahoma Congressman Frank Lucas and other members of a House committee against the Acting IG Roderick Anderson were investigated and found to have no basis. The book was closed on the claims. In a response to OK Energy …
New 80 mph speed limit on H.E. Bailey turnpike
Motorists can now legally drive 80 mph on part of the I-44/H.E. Bailey Turnpike in Oklahoma rather than hedging the 75 mph speed limit. The limit was increased to 80 on Thursday on a 59-year mile portion of the turnpike between Chickasha and Lawton in Comanche, Caddo and Grady counties. Signs were installed with …
Crude oil and Oklahoma energy stocks finished the week with gains
Crude oil prices finished up on Friday but down for the week. The gain in prices on Friday came after Iran downplayed Israel’s missile attack which came days after Iran sent hundreds of missiles and drones over Israel. West Texas Intermediate crude gained 41 cents or 0.5% to reach $83.14 a barrel on the New …
Crude oil held steady in Thursday’s trading
Crude oil prices remained close to a three-week low after Thursday’s trading after the US resumed sanctions against Venezuela and Iran while tensions seemed to cool a little in the Middle East where Israel still could produce a military response to Iran’s attack. West Texas Intermediate crude, considered the US benchmark rose 4 cents or …
600 power poles still being replaced from Wyoming wind storm
Talk about wind….it’s what hit eastern Wyoming earlier in the month and power crews are still busy replacing nearly 600 utility poles that were downed in the storm. Snow fell and 50-mile an hour winds gave it added forcing, downing 590 power miles for the High West Energy Co-Op headquartered in Pine Bluffs. …
Increased gasoline prices hold steady in Oklahoma
Gasoline prices are holding at higher amounts this week, reaching an average of $3.22 per gallon across Oklahoma. It’s a penny less than a week ago but 15 cents more than one month ago reports the American Automobile Association. Still, you could live in California where the average is up to $5.45 a gallon. …
Chesapeake Energy to release 1Q earnings report
As it prepares for its merger with Southwestern Energy later in the year, Oklahoma City-based Chesapeake Energy Corporation plans a release of its first quarter operational and financial results. They will be made public after the close of markets on Tuesday, April 30. Company leaders plan to take part in a conference call the …
