A handful of Republican U.S. Senators, Sen. James Lankford of Oklahoma among them say the U.S. should not consider importing any crude oil from either Iran or Venezuela. To make their point, they have introduced the Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act. The bill would prohibit the importation of Iranian and Venezuelan crude …
Crude oil falls again but remains well above $100
Crude oil prices slipped again in Thursday’s trading as the fighting grew bloodier in Ukraine where Russian forces continued their war. It remains curious to describe prices as “falling” yet they remain well over the $100-a-barrel mark. Analysts described it as a volatile session that resulted in the lower prices. West Texas Intermediate crude …
Ascent Resources makes improvements over net losses
Ascent Resources Utica Holdings, LLC reported fourth quarter 2021 earnings of $1.1 billion in net income, along with $76 million in adjusted net income and $283 million in adjusted EBITDAX. The Oklahoma City company said its net income in the quarter was largely driven by a $1.1 billion unrealized commodity derivative fair value …
Manchin—US must unleash its vast energy resources to counter Putin’s weaponization of energy
West Virginia U.S. Sen. Joe Manchin didn’t pull any punches during a Thursday hearing of the Senate Energy and Natural Resources Committee hear chairs. The Democrat, who’s been a thorn in the side of President Biden’s more liberal approaches against the oil and gas industry told the committee and its witnesses the U.S. should …
Additional energy headlines
** Sen. Bill Cassidy of Louisiana unveiled an energy policy proposal he equated to the Trump administration’s “Operation Warp Speed” vaccine development program to address soaring energy prices. His proposal included streamlining the permitting process for energy development at agencies such as the Environmental Protection Agency, similar to the regulatory streamlining put in place to rapidly develop …
Texas legislators want more regulatory control on natural gas industry
Last year’s deadly February winter storm in Texas prompted legislators this week to agree—there should be more regulatory control over the state’s oil and gas industry. It’s what members of a Texas Senate Committee voiced as they discussed concerns about the role natural gas providers played in the storm disaster reported KDFW TV. Click …
South Texas to get solar and wind farm operation
One of the latest renewable energy farms in South Texas is going up courtesy of a Danish company. The Orsted company from Denmark is building 66 wind turbines in northern Bee County just north of Corpus Christi and not far where it is also building a one-million solar panel operation according to KIII TV. Click here …
Mullin says Russian crude oil ban is right move
Oklahoma Congressman Markwayne Mullin says the White House decision to ban Russian crude oil and petroleum imports is long overdue. It’s why he voted Wednesday night in support of H.R. 6968, the Suspending Energy Imports from Russia Act and Security Division 1 of H.R. 2471, the Consolidated Appropriations Act. “While the Suspending Energy Imports from …
Lankford says enviros are running the nation’s energy policies
When it comes to America’s energy policies, especially oil and gas, Oklahoma U.S. Sen. James Lankford says the “environmental left” is clearly running the White House. It’s what he said this week in one of two interviews on Newsmax Wake Up America and Fox News Radio The Brian Kilmeade Show. “They’re really the ones running the White …
U.S. drilling interest increases
The U.S. rig count rose by 10 in the last week to 754 as of March 9, according to Enverus Rig Analytics. Activity levels are up 4% in the last month and 61% in the last year. The count was as high as 758 in the last week compared to a peak of 747 …
