** West Texas saw 59 earthquakes in the first three months of 2022, fueling worries that hydraulic fracking has stressed fault lines and is turning America’s oil-drilling capital into its earthquake capital. ** Chevron will produce at least 15% more from the Permian Basin this year compared with 2021, for a total output of about about …
Stockholders held annual meeting at Williams
This week’s annual meeting of stockholders of the Williams Companies Inc. included the retirement of two members of the Board of Director. Stephen I. Chazen and Charles I. Cogut retired from the board at the expiration of their terms at the April 26 annual meeting. Twelve director nominees were elected to one-year terms. They …
Oil prices climb on Germany’s push to end Russian oil purchases
Germany’s announcement that it was prepared to end Russian crude oil purchases and support a total ban prompted an increase Thursday in the world’s crude oil prices. In the U.S., West Texas Intermediate crude rose more than 3% or $3.34 to finish the day’s trading at $105.36 a barrel on the New York Mercantile …
US and World energy headlines
** HighPeak Energy Inc. agreed on April 27 to acquire the Howard County, Texas, assets of Hannathon Petroleum LLC and other nonoperated working interest owners in a cash-and-stock deal estimated to be worth about $373.4 million. The bolt-on acquisition adds Midland Basin acreage largely contiguous to the company’s existing Signal Peak position where Chairman and CEO …
Oklahoma manufacturing activity slowdown follows national trend
The Federal Reserve Bank of Kansas City released the April Manufacturing Survey showing a slight drop in activity in Oklahoma and the other states that make up the district, a movement that echoed what happened nationally. The announcement came on the same day that the U.S. Commerce Department revealed the nation’s economy shrank in the …
Enverus rig count falls nationally
The U.S. rig count fell by eight in the last week to 769 rigs as of April 27, according to Enverus Rig Analytics. The new weekly report by Enverus also showed increased activity in the Anadarko Basin while rig numbers dropped in the Permian Basin. Activity levels are down 0.3% in the last month …
Climate activist fights “terrorist” conviction
Oklahoma is one of at least 17 states in the past few years that adopted laws aimed at protesters who go too far in their opposition to energy projects such as oil and gas pipelines. A federal appeals court prepares to hear one such case where a woman who fought the Dakota Access Pipeline …
Mullin introduces bill targeting Biden’s NEPA changes
Oklahoma Congressman Markwayne Mullin targeted President Biden’s move to roll back President Trump’s National Environmental Policy Act reforms adopted in July of 2020. He filed a bill called the “Stop NEPA Expansion Act” which would prevent Biden from requiring federal agencies to take a “hard look” at the impact of major highway, pipeline and …
Anti-energy investment firms face response from Oklahoma legislature
The Oklahoma legislature moved closer this week to approval of a bill to require the state to divest from any financial company that boycotts the energy industry. Click here for McCarville Report.
EV battle ground set in Kansas
In Kansas, where Gov. Laura Kelly vetoed an Amazon-supported bill earlier this year allowing for autonomous delivery EVs on sidewalks and roadways, the legislature reacted this week by passing a bill that could lead to driverless cars and trucks in the state. The Kansas Reflector reported the approval of the new bill in …
