A report by Reuters indicated Tulsa’s Williams Companies gave serious thought to acquiring struggling LNG developer Tellurian but came to the conclusion, it was too risky. It’s what Williams Executive Vice President of Strategy Chad Zamarin admitted in a sit-down interview this week at the CERAweek S&P Global energy conference in Houston. He …
US crude stocks including those at the Cushing Hub slipped in past week
Crude oil stocks across the U.S. and at the Cushing Hub in Oklahoma fell in the past week reported the U.S. Energy Information Administration. Cushing’s stocks fell 100,000 barrels from 31.5 million on March 8 to 31.4 million on March 15. The total stored at the northern Oklahoma oil hub is still far more …
$2 million fine against oil and gas firm over New Mexico operations
A more than $2 million fine has been leveled by the state of New Mexico against an oil and gas company for not cleaning up two produced water releases at well sites south of Carlsbad. The Energy, Minerals and Natural Resources Department’s Oil Conservation Division announced the notice of violation and proposed administrative civil …
Lucas and Committee Democrats urge President to replace acting director
Oklahoma Congressman Frank Lucas and Democrats on a House Committee he chairs say it’s high time the President named a new Acting Inspector General to the Department of Commerce. For one thing, they have strong doubts about Deputy Inspector General Roderick Anderson who took over when former Inspector General Peggy Gustafson resigned following …
Rep. Bice gets tough with President Biden’s energy policies
“–purposeful obstruction of domestic energy production.” It’s what Oklahoma Congresswoman Stephanie Bice charged against President Biden over his green energy policies. Writing in her latest newsletter to constituents, the Republican U.S. Representative from Edmond said the president’s freeze of LNG ports and shipments wasn’t the first such case of harming America’s energy industries. Below …
Energy Secretary promises Strategic Petroleum Reserve will be back to level from two years ago
When the Biden administration resorted to using the nation’s Strategic Petroleum Reserve to bring down gasoline prices two years ago, it led to heavy criticism from Oklahoma’s congressional delegation. In no uncertain terms, they were angry about what they labeled a political move that put the nation’s national security at risk. In a column …
Energy quick reads
** BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. ** The chief of the largest US producer of natural gas has warned that a lack of pipelines and storage facilities will trigger dramatic …
Three Oklahoma counties are among nation’s top 20 for highest rate of big truck fatal crashes
Three of the top 20 U.S. counties for deadly big truck crashes are in Oklahoma. So reports AutoBlog which cited figures from the National Highway Traffic Safety Administration crash data. The data showed that in 2021, Oklahoma recorded 1,085 fatal crashes statewide and large trucks were involved in 127 of them or 11.7% of …
AG Drummond has an environmental legal fight on his hands
Oklahoma Attorney General Gentner Drummond and 23 other attorneys general who sued the EPA over the agency’s oil and gas methane rule aren’t alone in legal efforts regarding the rule. They now have a fight on their hands. Twenty Democratic state attorneys general filed a motion this week in support of the Environmental Protection …
Crude oil prices makes more gains as Ukrainian attacks leave Russian refineries burning and in ruins
Tuesday brought another gain in crude oil prices as they reached multi-month highs for the second straight trading session. It appears the prices rose as investors and traders considered the impact of Ukrainian drone attacks on Russian refineries West Texas Intermediate crude went up 75 cents or 0.9% and settled at $83.47 a barrel …