If a report by Bloomberg is spot on, the Biden administration intends to attack the oil and gas industry even more by curtailing sales of U.S. drilling rights. If so, it would impact companies like Devon Energy, one of the largest holders of drilling leases on federal lands. Bloomberg reported Monday the administration is …
Long but not impossible odds that TC Energy recovers Keystone XL damages
Some attorneys suggest there is a chance that TC Energy might be able to recover economic damages that resulted from President Biden’s cancellation of the Keystone XL oil pipeline. Their analysis comes after the Canadian company filed a notice early this month with the State Department to bring a legacy claim under the North …
Senate Pro Tem Greg Treat announces approved interim study requests
Senate President Pro Tempore Greg Treat announced the approval of all requests for interim studies submitted by Oklahoma Senate members including some that will focus on the state’s energy industry. One request is for a study of expanding the natural gas industry in southeast Oklahoma. Another involves the tagging of trailers while yet a …
Oil prices bounce back close to $75
Falling U.S. inventories helped spark a bounce back for crude oil prices on Friday and now investors and others will wait to see whether the rebound will continue on Monday. West Texas Intermediate crude for August delivery rose $1.62 or 2.2% to finish Friday at $74.56. Global benchmark Brent crude closed up $1.43 or 1.93% …
EPA watchdog says two former Trump appointees defrauded the agency
A report by an internal watchdog of the Environmental Protection Agency contends two high-ranking Trump political appointments engaged in fraudulent payroll activities, including payments to employees after they were fired and to one official when he was absent from work. The report by the EPA’s Office of Inspector General claims it cost the agency …
Nation’s rig count continues to grow while Oklahoma is unchanged
While the nation’s total number of active oil and gas rigs grew by four in the past week, the country’s major shale drilling area, the Permian Basin, the Williston and the Anadarko Basin was unchanged. Figures released by Baker Hughes showed a total count of 479 active oil and gas rigs including an addition …
Osage Nation airport gets $2 million federal grant
The U.S. Commerce Department has awarded a $2.1 million grant to the Osage Nation to support its development of the Osage Nation’s Skyway36 airpark. Congressman Frank Lucas said the money came from the Economic Development Administration. “The investments and developments of the EDA and the Osage Nation will continue to spur innovation, STEM opportunities, …
The battle over a Southeast energy market
A decision could come next month from the Federal Energy Regulatory Commission on a plan by three big utilities serving the southeast and parts of eastern Oklahoma to form a new market called SEEM, the Southeast Energy Exchange Market. Some clean energy groups and big corporate electricity buyers are opposed to the creation of …
Some Evergy customers could be paying for years due to winter storm
While some Kansas City-area customers will see energy savings, Evergy customers in parts of Missouri may be repaying electric costs for the next 15 years following the February cold weather snap that strained supplies. Click here for story from the Kansas Reflector.
PSO asks for support for home energy aid month campaign
With summer temperatures on the rise, many Oklahomans face an increased need for financial assistance to help pay their home energy bills. And with the ongoing Coronavirus pandemic, the need for assistance is greater than ever. That’s why this year’s Home Energy Aid Month is so important says Public Service Company of Oklahoma. Home …