A $2.1-billion-dollar purchase just announced would make Crescent Energy Company a leading operator in the Eagle Ford shale region of Texas. Crescent has agreed to acquire SilverBow Resources Inc. That would result in Crescent being the second-largest operator there with what its CEO, David Rockecharlie, calls an attractive and balanced portfolio of stable, low-decline, and …
Texas Readies Lawsuit Over EPA Rules On Greenhouse Gas Emissions
Texas is preparing to file a lawsuit against the EPA over its new rules on greenhouse gas emissions. The Railroad Commission has voted to refer the new rules to the attorney general’s office to suggest a legal challenge in federal court. Railroad Commission Chair Christi Craddick calls this “another baseless attack on the oil and …
Report: US Natural Gas Supply Would Last 1,000 Years
Our natural gas won’t be running out any time soon. A report from the Institute for Energy Research finds the US has 1.66 trillion barrels of technically recoverable resources. The IER says if even half that amount proves to be recoverable the country has more than a thousand-year supply of natural gas. Continue reading… …
State updates VW settlement plan
Oklahoma’s Department of Environmental Quality is offering the public to view an update in the way it is spending millons of dollars in settlement money from Volkswagen. The DEQ announced the new update for public review and comment of its Volkswagen Settlement Beneficiary Mitigation Plan (BMP). The BMP is a high-level plan describing how Oklahoma …
Electricity rates keep rising and FERC’s actions didn’t help claims national energy spokesman
Inflation might have eased in recent months but one national group wants you to know—it did nothing to slow the rise of electricity rates. And one national energy leader says don’t expect a slowdown, thanks to action this week by the Federal Energy Regulatory Commission. Paul Cicio, Chair of the Electricity Transmission Competition Coalition, …
Conservative think tank critical of attorney behind energy discrimination lawsuit
Conservative think tank Oklahoma Council of Public Affairs pointed out recently the constitutional challenge to a state law banning financial firms from discriminating against the oil and gas industry is also a leading official with the Oklahoma Bar Association. The OCPA explained that former state Rep. Collin Walke, an Oklahoma City Democrat, is the …
EV sales drop in Colorado
Colorado, a state that likes to pride itself on being green and fully supportive of the Biden administration’s green energy push, might need a talk with the people who buy electric vehicles. Dig deeper. In the first quarter of the year, EV sales lost power, despite lucrative rebates. The Colorado Auto Dealers Association reports …
Energy briefs
** Crews continued to evaluate on Tuesday a controlled explosion aiming to dislodge the cargo ship Dali from the collapsed Francis Scott Key Bridge in Baltimore. The Dali has been stuck in Baltimore for 50 days after losing power and ramming into a column of the Francis Scott Key Bridge, causing the structure to collapse. ** Utility …
Texas faces another possible grid emergency
ERCOT, the power grid operator in Texas warned customers they could face a potential electricity emergency this weekend. According to the alert issued by the Electric Reliability Council of Texas, the grid might reach emergency conditions by Friday night and continuing through Saturday evening. Supplies of electricity are expected to be tightest Friday evening. …
Crude oil rebounded on Wednesday with nearly a 1% gain
Crude oil prices rebounded on Wednesday by nearly 1% and Oklahoma energy stocks recorded gains for the day. Crude oil’s gain was from a two-month low and came about because of crude storage data and an International Energy Agency forecast for weaker global oil demand growth. West Texas Intermediate crude went up 61 cents …