Another increase in crude oil prices around the world occurred in Monday’s trading, again on growing optimism that China will see increased demand recovery over signs its coronavirus pandemic is receding in its major cities. Oklahoma energy stocks reacted positively and some had gains ranging from 5 to 10%. West Texas Intermediate crude for June …
Natural gas production in the Bakken region grew while crude oil fell in 2021
A federal report shows annual natural gas production in North Dakota’s Bakken region, one that has attracted Oklahoma oil and gas firms over the years, increased by 9% in 2021 while the region’s crude oil production dropped 6% in the same time period. The U.S. Energy Information Administration’s Drilling Productivity Report stated natural gas production reached …
North Dakota oil production still recovering after April blizzard
Oil production in North Dakota is still not back to where it was before a late April blizzard hit the state. The Bismarck Tribune says the state estimates oil production is about 90% back online. Click here for Bismarck Tribune
Wyoming says Biden administration violated the law over oil and lease delay
What the Biden administration did in extending its delay of onshore oil and gas leasing in the U.S. was illegal argued attorneys for Wyoming and industry groups in a federal courtroom last Friday. Attorneys representing the Western Energy Alliance and the state of Wyoming pitched their arguments before U.S. District Judge Scott W. Skavdahl …
US probe of solar industry is expanded
For those who thought political pressure might end the U.S. Commerce Department investigation that resulted in a major hit for the nation’s solar industry, wrong! It’s been revealed the government has expanded the probe, adding more foreign countries to the target list reported Bloomberg. The investigation has led to a major slowdown of the …
Xcel Energy makes staff promotion in Amarillo
Xcel Energy announced staff changes, naming a new regional vice president for Regulatory and Pricing for its Texas and New Mexico system. Click here for Amarillo Globe-News
Pipeline company to pay for California oil spill in 2015
Plains All American Pipeline has settled a $230 million case with fishers and properties in California following the 2015 oil pipeline spill on Refugio beach. Court documents show the Texas pipeline company will pay $184 million to the fishing industry and $46 million for property damage along the beach in Santa Barbara County, California …
New Oklahoma law for road damage from oilfield trucks
Another of the new laws recently created by the Oklahoma legislature and signed by Gov. Kevin Stitt is one to help rural communities with road damage caused by heavy trucks in the oil and gas industry. The governor put his name to House Bill 3037 which creates a $5 million fund to be used …
Heatwave to hit Texas this week and test electrical grid
The operator of the Texas electric grid says it has more than enough power to supply electricity this week as temperatures push closer to the 100 degree mark and homeowners and businesses crank up their air conditioners. Click here for Reuters
Oklahoma joins in lawsuit challenging California’s EPA exemption
As he seeks his first election to remain as Oklahoma Attorney General, John O’Connor on Friday joined 16 other Republican state attorneys general in suing the EPA for allowing California to set its own vehicle emissions standards. The Hill reported the lawsuit accuses EPA Administrator Michael Regan of violating the Constitution’s doctrine of equal …
