** The American Petroleum Institute filed a notice of appeal this week with the U.S. Court of Appeals for the D.C. Circuit of the court’s decision invalidating the results of the Mexico Gulf sale, the only federal lease sale for natural gas and oil held in 2021. ** Whiting Petroleum Corporation in Denver announced that it …
Iowa legislature deals with governor’s E15 plan
It would appear the plan by Iowa Governor Kim Reynolds to require her state’s fuel stations to sell gas with a 15% ethanol blend might be headed toward approval in the legislature. The plan cleared the Senate Ag Committee this week without any debate reported Radio Iowa. Click here for Radio Iowa
Higher customer gas bills for One Gas subsidiary approved by Kansas regulators
Customers of Kansas Gas Service, the subsidiary of Oklahoma-based One Gas will be paying another $5 to $7 more a month under a winter storm cost settlement approved this week by the Kansas Corporation Commission. Like the controversial OG&E deal that is before the Oklahoma Supreme Court, the Kansas case will depend on the …
One-sided anti-oil hearing held by Dems in US House
Without the presence of leaders of major oil companies on Tuesday, Democrats in the House Oversight Committee set up fossil fuel the fossil fuel industry and took their shots at it. The hearing replaced the committee’s initial plans to have board members from ExxonMobil, BP, Chevron and Shell testify after the committee said last …
Pension fund to dump Chesapeake Energy and other investments
Shares of Chesapeake Energy and other fossil fuel companies are about to be unloaded by the New York state pension fund as the group said Chesapeake is among some companies that have not shown they’re ready to transition to a low-emissions economy. Reuters reported Chesapeake Energy, Hess Corp and Pioneer Natural Resources are some …
Oil prices to average $90 for February says EIA
After reaching more than $92 a barrel in the past week, crude oil prices for February will average $90 and slip to a first-half year average of $88 predicted the U.S. Energy Information Administration. The EIA came out with its February Short-Term Energy Outlook (STEO), in which the agency estimated commercial oil inventories fell to their …
Buc-ee’s is headed to the mountains of Colorado
Colorado drivers will soon get their first experience at pulling into a Buc-ee’s convenience store. The Texas-based company, known for those large convenience stores with dozens and dozens of fuel pumps, not to mention barbecued food inside, plans to open its first Colorado state. Axios reports it will be located on a 140-acre site …
Crude slipped again—so did OK energy stocks
Another fall for crude oil prices both in the U.S. and in Europe. On the same day, losses outnumbered gains for Oklahoma energy stocks. West Texas Intermediate crude for March delivery dropped $1.96 or 2.15% to $89.36 a barrel on Tuesday at the New York Mercantile Exchange. Global benchmark Brent crude for April delivery …
Texas struggles with its oil-industry related earthquakes
Just as Oklahoma has learned from the series of damaging earthquakes believed directly tied to oil and gas drilling that hit the state over the past several years, Texas is adjusting as well. The Texas Tribune reported that Texas recorded more than 200 earthquakes with a magnitude of 3 or greater in 2021 and like …
Former legislator argues OGE bond case is like a loan shark
Protesters fighting the nearly $1 billion securitization case by OGE and the Oklahoma Development Finance Authority before the Oklahoma Supreme Court aren’t finished with their efforts. While a Supreme Court referee took the arguments under consideration 2 weeks ago, another protest was filed this week in the matter by former State Rep. Porter H. …
