A legal settlement was reached this week in which the government will reexamine potential climate damages from oil and gas leases in Montana and North Dakota, states where Oklahoma oil and gas exploration companies are among some of the most active firms. The leases were originally put up for sale under the Trump administration …
Energy headlines
** Louisiana regulators consider changing decades-old rules to eliminate utility monopolies and introduce more competition into state energy markets. ** Baker Hughes plans to streamline business segments from four down to two, creating an Oil field Services and Equipment segment focusing on drilling equipment and services, as well as an Industrial and Energy Technology segment focusing on manufacturing and …
Here’s the list of those to lead White House fight against fossil fuels
It won’t be just John Podesta leading President Biden’s continued fight against the fossil fuel industry, an appointment announced last week by the White House. Who will help him in the fight? The list includes former Obama administration officials as well as representatives of environmental groups according to E&E News. Click here for E&E …
Colorado County fights rail movement of crude oil
A Colorado County joined environmental groups in appealing a federal agency’s approval of a stretch of new railroad connecting Utah’s oilfields with the national railway network, a decision that will mean crude will be moved through western Colorado. The Colorado Sun reported Eagle County joined the appeal because crude oil will be transported along …
Cheniere handed denials by EPA
Cheniere Energy, the Texas company that ships natural gas out of Oklahoma’s STACK and SCOOP plays received a setback this week at the hands of the Environmental Protection Agency. The EPA denied Cheniere’s request to exempt two of its Gulf Coast plants from a federal air pollution rule reported the Associated Press. Click here …
Oklahoma to get $9 million in settlement over e-cigarettes
Attorney General John O’Connor announced Tuesday a $438.5 million agreement in principle between JUUL Labs and 34 states and territories resolving a two-year bipartisan investigation into the e-cigarette manufacturer’s marketing and sales practices. JUUL was, until recently, the dominant player in the vaping market. The multistate investigation revealed that JUUL rose to this position …
ONEOK hopes to attract investors at conference
ONEOK, Inc. will be among energy firms participating in the Barclays CEO Energy-Power Conference Sept. 7-8, 2022, in New York. ONEOK management will participate in a fireside chat session at 3 p.m. Eastern Daylight Time (2 p.m. Central Daylight Time) on Wednesday, Sept. 7.
Crude oil prices offered weak showing on Tuesday
The two-day rally sparked by OPEC+’s first target cut of production since 2020 ended Tuesday as crude prices showed signs of weakness in the U.S. and definite slumping overseas. Oklahoma energy stocks ended the day with more losses than gains. The fall was also hastened by the prospect of more interest rate hikes by …
$4.8 billion merger of Brigham Minerals and Sitio Royalties
The oil and gas industry’s latest merger and acquisition move involved Brigham Minerals, Inc. of Austin, Texas and Sitio Royalties of Denver. The two announced their all-stock merger in a deal valued at nearly $4.8 billion. The combination brings together two of the largest public companies in the oil and gas mineral and royalty sector …
Hot weather to linger this week in Oklahoma
Just because the early mornings have a “feel” of fall weather doesn’t mean the afternoon heat is backing off much of Oklahoma. Just check the Oklahoma Mesonet and the range of mid-90s we will experience in the next several days. If you were hoping for some rain in the next week or so, forget …
