** Sen. Bernie Sanders and environmental groups are threatening to derail oil and gas gains obtained by Sen. Joe Manchin in the President’s new climate law. There are growing chances Manchin might lose Democratic support for the Mountain Valley Pipeline, a natural gas line he supports. ** A federal judge orders the Biden administration to reinstate an …
Who’s behind AERO the nonprofit that wants to deregulate energy in Oklahoma?
An Oklahoma nonprofit pushing to deregulate Oklahoma’s energy market is making a name for itself, but its leaders still refuse to be transparent about the source of their funding. The Alliance for Electrical Restructuring in Oklahoma or AERO has attracted its critics reported the Ada News. Click here for Ada News
The conundrum of supplying LNG to Europe
It sounded simple. Supply energy starved European countries with LNG from the U.S. After all, the U.S. has nearly an unlimited supply of natural gas right? But the issue has come home to roost in Washington D.C. and in some U.S. states where renewable energy was and is being pushed strongly. Check out the …
Gas prices keeping falling in Oklahoma with one county less than $3 a gallon
Comanche County in southwest Oklahoma reached an average less than $3 a gallon over the weekend—the lowest price in the state as gasoline prices continue falling nationwide. The American Automobile Association reported Oklahoma’s average is $3.29 while the average in the county where Fort Sill and Lawton are located has an average of $2.99 …
El Reno denies drilling permit for well near homes
A city board in El Reno recently denied the request of Revolution Operating Company LLC to drill a well in an area surrounded by homes. The El Reno Tribune reported the denial was made by El Reno’s Board of Adjustment and the vote was unanimous against the Oklahoma City energy company. The firm had …
What does Biden’s Inflation Act mean for Oklahoma?
The head of an oil and gas industry group in Oklahoma says President Biden’s Inflation Reduction Act will only result in higher energy costs for the U.S. It’s what Brook Simmons, President of the Petroleum Alliance of Oklahoma told The Oklahoman in a story regarding the Act’s impact on Oklahoma. The paper carried the …
Halliburton officially exits Russia
Halliburton Company, the firm that was originated in Oklahoma before moving headquarters to Texas wiped its hands clean of operations in Russia. The firm announced over the weekend it completed the sale of its Russia operations to a Russia-based management team. The team is comprised of former Halliburton employees. As a result, Halliburton no …
Justice upholds $155 million interest payment judgment in favor of Oklahoma well owners
A $155 million judgment in a lawsuit over late payments to 53,000 oil-well owners in Oklahoma was upheld by U.S. Supreme Court Justice Neil Gorsuch. He did so by rejecting a request from pipeline operator Energy transfer LP’s Sunoco Inc. unit to block the judgment. Justice Gorsuch denied Sunoco’s bid to stay proceedings to …
Slight decline in US rig and Oklahoma rig counts
The nation’s oil and gas rig count slipped by one in the past week reported Baker Hughes on Friday as most oil and gas plays showed no changes. Only the Permian Basin and the Mississippian recorded changes. The Permian Basin saw a decline of two rigs to 340 while the Mississippian grew by one …
Oklahoma energy stocks made strong gains along with oil price increases
As oil prices rebounded 4% on Friday, Oklahoma energy stocks also had a strong day with some firms recording gains of 5%. The price increases came after threats were made to cut crude oil supply worldwide. West Texas Intermediate crude oil for October delivery rose $3.25 or nearly 4% to $86.79 a barrel …
