It’s always interesting to see how the efforts of Oklahoma energy firms play out in North Dakota where they’re active in helping the state vie to be either the second or third largest oil-producing state in the U.S. They’re usually mentioned in the weekly Energy Chaser written by Renne Jean, Assistant Managing Editor of …
Mullin bills pass Energy and Commerce committee
Two bills sponsored by Congressman Markwayne Mullin (OK-02) passed the Energy and Commerce Committee during a full committee markup this week. H.R. 3320, the Allied Health Workforce Diversity Act and H.R. 5487, the Stillbirth Health Improvement and Education (SHINE) for Autumn Act passed by voice vote. “I want to thank my colleagues on both sides of the …
EIA predicts crude oil prices will fall and Cushing inventories will climb next year
The U.S. Energy Information Administration is out with its crude oil forecast for 2022, suggesting the demand that caused lower inventory levels in Cushing and elsewhere and higher crude oil prices will swing dramatically in the coming months. The EIA’s Short-Term Energy Outlook (STEO) predicts rising production from OPEC+ countries and the U.S. will eventually …
Pipeline Co. agrees to $2M settlement over oil spill in Yellowstone River
It will cost a Wyoming pipeline company $2 million to settle a civil lawsuit with the U.S. and the State of Montana over a 2015 pipeline spill into the Yellowstone River. Bridger Pipeline, LLC reached the agreement reported KULR TV in Montana. Click here for KULR TV
Big Tech critic confirmed by Senate
This week’s U.S. Senate confirmation of big tech critic Jonathan Kanter to head the Justice Department’s antitrust division came without the support of Oklahoma Sen. James Lankford. He voted against Kanter’s confirmation while Sen. Jim Inhofe did not vote in the 68-29 move by the Senate. Kanter is an antitrust lawyer known for his …
3,000 acre solar farm wins preliminary approval in Nebraska
Nebraska is a step closer to its biggest solar energy installation. A County Planning Commission approved the 3,000-acre project near Lincoln this week according to Nebraska Public Media. Click here for Nebraska Public Media.
Cadillac takes first all-electric SUV on the road
Cadillac brought its EV show recently to the Dallas area, showing off the company’s first all-electric SUV. A pre-production version of the 2023 LYRIQ car was on display this week in Grapevine as WFAA reported. Click here for WFAA report.
Energy news headlines for Friday
** Environmentalists are fuming after the Department of the Interior auctioned leases to drill for oil in an 80-million-acre section of the Gulf of Mexico on Wednesday morning. The Bureau of Ocean Energy Management sold 308 tracts covering 1.7 million acres to fossil fuel giants such as Chevron and ExxonMobil. ** U.S. oil majors Exxon Mobil Corp and Chevron Corp were …
New natural gas pipeline opens in Permian
The Double E natural gas pipeline owned largely by Summit Midstream Partners LP has gone operational in New Mexico and Texas. With a 70% equity interest in the $450 million joint venture, Summit said the 135-mile line will transport about 1.35 billion cubic feet a day of gas from southeast New Mexico and west …
Crude oil prices took a hit in Wednesday’s trading
Major drops in crude oil prices were recorded Wednesday as they fell to their lowest since October and Oklahoma energy stocks suffered as well. It’s a sign of growing worries after OPEC and the International Energy Agency warned this week of a forthcoming oversupply. COVID-19 is still a stickler as the rising number of …
