Crude oil prices rose higher for a third straight trading day on Tuesday, this after Saudi Arabia and the United Arab Emirates were unable to boost output significantly and western governments agreed to consider a cap on the price of Russian oil. The day also produced continued gains for Oklahoma energy stocks. West Texas Intermediate …
Hamm encounters shareholder opposition in private takeover effort at Continental Resources
An investor with about a 2% stake in Continental Resources came out this week with a blunt criticism of Harold Hamm’s effort to buy out the remaining shares of the company he founded. Bill Smead, owner of Smead Capital, the largest Continental shareholder after Hamm and his family, told CNBC that Hamm is trying …
Renewable industry employment increases while oil patch work declines
A new report from the Department of Energy shows employment continues to fall in Oklahoma and other states that make up the nation’s oil and gas industry while it is increasing in the renewable energy industry. E&E News reported the new report showed energy sector jobs overall grew by 4% in 2021 with EV …
Step taken toward largest wind farm in U.S.
Another large wind project in New Mexico is in the making—one that would cover 230 square miles of state trust land and be the largest in the U.S. The New Mexico public land commissioner signed about a dozen leases this week to clear the way for the project in Lincoln, Torrance and San Miguel …
Buffett’s Berkshire buys more Occidental shares,
Reports that Warren Buffett and his Berkshire Hathaway Inc. were intent on acquiring Occidental Petroleum took another serious step on Monday. Berkshire Hathaway purchased 794,389 shares of Occident giving the firm a nearly 16.4% share of the Houston, Texas-based oil company. The newest acquisitions occurred on June 17 and again on June 22, according …
Texas fights ozone rules in Permian Basin
Texas is putting up a fight with the Biden administration over the EPA’s ozone rules that could create stricter emission limits on the oil and gas operations of the Permian Basin. Gov. Greg Abbott has started applying pressure on President Biden in opposition to the possible impact as federal regulators are moving ahead with …
Oklahoma joins group fighting EPA’s latest smog plan
Oklahoma was among several states that filed opposition to the plans of the Environmental Protection Agency to adopt a “Good Neighbor Plan” aimed at decreasing emissions of ozone-forming pollution in 26 states. The plan was unveiled by the EPA in February when the agency said it was intended to not only curtail smog pollution …
New ONE Gas ESG report highlights Emissions Reduction strategy
ONE Gas released its 2022 Environmental, Social and Governance (ESG) report, which outlines the company’s commitment to safe operations, responsible environmental stewardship and an inclusive and diverse work culture. “Our dedicated and innovative workforce combined with the location of our assets position us to play an essential role in a cleaner energy future as …
US Senators want Air Force cleanup of forever chemicals around Colorado Springs
Colorado’s U.S. Senators are pressing the Air Force to do more about the water contamination from “forever chemicals” around Colorado Springs where there are several military operations. Sens. Michael Bennet and John Hickenloper, in a letter to the Air Force focused their concerns on polyfluoroalkyl substances and said they have contaminated the Widefield …
More energy headlines
** The average price paid by Americans for EVs jumped 22% in the year to May, data from JD Power shows. Americans are now paying $54,000 on average for EVs and $44,400 for non-EVs. ** The world’s third largest maker of semiconductor wafers, Taiwan’s GlobalWafers, announced plans to build a $5 billion factory in the U.S. on Monday—but …
