If the U.S. House members, including those from Oklahoma, have their way, the salary of Transportation Secretary Pete Buttigieg would be slashed to $1. The GOP-controlled House voted Tuesday night in a voice vote to do such that, creating a new salary of $1 a year. Since it was a voice vote, there was …
Oklahoma Congressman Josh Brecheen wants to put a roadblock to President Biden’s plan to create a Climate Change Support Office at the State Department. He also wants to eliminate John Kerry from flying around the world in his position as the U.S. Special Presidential Envoy for Climate. Brecheen introduced the Stop Climate Hysteria in …
Oklahoma Corporation Commissioner Bob Anthony might have finally gotten his wish—that someone with authority would investigate how the state’s major utilities won approval for billions of dollars in Winter Storm Uri costs to be transferred to ratepayers rather than borne by the companies. The Oklahoman reported early Wednesay that Attorney General Gentner Drummond subpoenaed …
With a big presence and huge success in Oklahoma’s STACK play, Ovintiv Inc. reported a big jump in net earnings for the third quarter of the year. It generated net earnings of $406 million, cash from operating activities of $906 million and free cash flow of $278 million. The $406 million was a sizeable …
Devon Energy Corp. saw increases in its third quarter earnings and crude oil production, according to an announcement made this week. Devon reported net earnings of $910 million, or $1.42 per diluted share, in the third quarter of 2023. Adjusting for items analysts typically exclude from estimates, the company’s core earnings were $1.1 billion, …
** The House approved a measure late Tuesday that would slash Transportation Secretary Pete Buttigieg’s taxpayer-funded government salary to just $1. The bill — which was introduced by Rep. Marjorie Taylor Greene, R-Ga. — was passed via voice vote Tuesday as an amendment to the 2024 Financial Services and General Government Appropriations Act. ** A group of 11 Democratic senators …
West Texas was rattled early Wednesday morning by a 5.3 magnitude earthquake. The U.S. Geological Survey indicated the quake struck around 4:27 a.m. local time and was centered about 24 miles southwest of the town of Mentone, Texas. That’s roughly 60 miles southwest of Carlsbad, New Mexico. The quake hit at a depth of …
Crude oil prices dropped more than 3% in Tuesday’s trading and the tumbling crude took Oklahoma energy stocks down the rocky road too. Mixed Chinese economic data and rising OPEC exports eased concerns about tight markets. West Texas Intermediate crude dropped $2.88 or 3.6% a barrel to settle at $77.94 on the New York Mercantile …
Oklahoma U.S. Sen. James Lankford has been busy in recent days writing a lot of letters of complaint about energy to the Biden administration. His latest letter focuses on a proposed new rule by the Federal Permitting Improvement Steering Council in which the Senator contends it will hinder mining permitting and only help China. …
Vital Energy wrapped up another of its three acquisitions totaling $1.165 billion in the Permian Basin. The acquisitions were announced in September and one involved Henry Resources LLC. This week, Vital filed a report with the Securities and Exchange Commission, reflecting it had issued 2,145,725 shares of Common Stock and 6,131,381 shares of the …