Cheniere Energy, the company that gets natural gas out of Oklahoma’s STACK and SCOOP plays, said this week that some of its liquefied natural gas exports will depart sooner than expected. Cheniere, the nation’s largest exporter of LNG, said its earnings already total about $11.3 billion this year, up from the $10.1 billion previously …
Lankford and Inhofe move to prevent foreign purchases of Oklahoma farmland
No more foreign purchases of Oklahoma farmland. It’s the goal of a bill introduced by Senators James Lankford and Jim Inhofe. In light of growing concerns about recent purchases by China of U.S. land near some military installations, the two senators don’t want it to happen in their state. They announced their filing Monday …
While crude oil prices rebounded, Oklahoma energy stocks were strong on Monday
Growing success by Ukraine in its war against Russia’s invasion apparently had something to do Monday with a gain in crude oil prices. Oklahoma energy stocks had a strong showing including one with a 7% gain for the day. Plus, investors are optimistic that Wednesday’s latest inflation figures might show improvement in the second year …
Solar fight underway in eastern Iowa’s corn country
An eastern county in Iowa is considering standing up and opposing large-scale solar operations, a sign that not everyone is racing to adopt renewable energy on a wholesale basis. The consideration of putting severe restrictions on such energy production in Scott County arose after one farmer wanted to allow Alliant Energy to erect solar …
Chesapeake Energy announced amendment of exchange offers relating to warrants
Chesapeake Energy Corporation announced Monday that it has amended its previously announced exchange offers relating to its outstanding different warrants. The announcement covered Class A warrants, Class B warrants and Class C warrants, each to purchase shares of common stock, par value $0.01 per share, of the Company. Chesapeake extended the offering period for …
What would a nationwide rail strike mean to U.S.?
You think prices are high now? Wait until a possible railway strike slaps the nation. Consumers will likely be reeling if it happens. The White House scrambled this week to avoid the strike threatened by more than 90,000 workers from 13 unions around the nation, a strike they say will happen if they cannot …
Anadarko Basin oil and gas production to grow in October
A new report shows new well oil production in the Anadarko Basin which includes Oklahoma will likely increase in October. The U.S. Energy Information Administration reported Monday that new well oil production in October will increase over September by 2 barrels a day to an average of 713 barrels a day. Total oil production …
Supreme court to hear arguments against Norman’s fight against turnpike proposal
The fight against a proposed turnpike through Norman will take the highway to the Oklahoma Supreme Court. On Tuesday, the Turnpike Authority will argue its $500 million bond project to build new toll roads in the state is legitimate and sound. The $500 million is part of the Authority’s 15-year $5 billion Access Oklahoma …
House Dems prepare latest attack on oil and gas industry
The nation’s oil and gas industry will again face an attack this week by Democrats on a House committee. Members of the House Natural Resources Subcommittee on Oversight and Investigations plan a hearing on Wednesday to continue their investigation of the role they contend public relations firms had in spreading climate change denial. It …
More abandoned wells than first thought in New Mexico
A report indicated the number of abandoned wells in New Mexico increased by nearly 200 in the past year. Before the enactment of the President’s Infrastructure Investment and Jobs Act, the state had 741 such wells. After the law was enacted, New Mexico recounted and found more than 1,000 so-called orphaned wells that need …
