Another case of Congresswoman Alexandria Ocasio-Cortez not getting her facts straight in launching an attack on the oil and gas industry. USA Today did some fact-checking about claims the New York Democratic Representative made during a congressional hearing and found she was wrong in what she said about the Keystone XL pipeline. Click here …
$1 billion in Chevon assets in Permian for sale?
Chevon is reportedly trying to unload more of its assets in the Permian Basin. How much? The two collections of conventional oil and gas fields in the basin are valued at more than $1 billion. Reuters reports that three sources confirm the sale attempt as U.S. oil futures have risen more than 50% so …
Baker Hughes Builds Upon Petrobas Business With New Contracts For Flexible Pipes
Houston-based Baker Hughes announced Wednesday that it has been awarded two flexible pipe contracts by Petrobras during the second quarter of 2021. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields and the second contract covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu …
2021 Summer Reliability Assessment for Electricity Service Released by NERC
While parts of the United States are at an elevated or high risk for potential electricity emergencies this summer, Oklahoma falls into the lowest risk category, according to the North American Electric Reliability Corporation’s (NERC) 2021 Summer Reliability Assessment. According to NERC’s assessment, electric supply shortages may occur in the western United States, Texas, New …
Lucas Seeks Accountability for Cybersecurity Threats on Critical Infrastructure
Oklahoma Congressman Frank Lucas joined several of his lawmaker colleagues in sending a letter to President Biden urging accountability of foreign adversaries for recent cyberattacks on critical infrastructure and the U.S. food system in order to find a reasonable solution to prevent future attacks. The letter highlights the recent hack involving meat producing company, JBS USA. The …
New Biofuel Legislation Aimed to Protect Industry
American lawmakers from the farm belt will introduce three bills next week aimed at boosting public investment in biofuels as the industry tries to combat a White House push for electric vehicles, according to a report by Reuters. The bills could get swept into broad infrastructure or spending bills. They include billions of dollars in …
$100 Million in Highway Grants Awarded to Oklahoma
Oklahoma Congressman Frank Lucas joined U.S. Senator Jim Inhofe and fellow U.S. House Representatives members Tom Cole, Markwayne Mullin, Kevin Hern and Stephanie Bice in applauding two announcements that the U.S. Department of Transportation’s Infrastructure for Rebuilding America (INFRA) grant program is awarding $100 million to go towards two highway projects in Oklahoma. “Investing in …
TX Appellate Court Rules Apache Leases Can Be Reformed to Comply with Perpetuities
An Amarillo, Texas appellate court recently reversed the decision of a trial court by declaring the overriding royalty interests on Houston-based Apache Corporation oil and gas leases can be reformed to comply with the state’s rule against perpetuities. It also tasked the trial court with determining an appropriate way to do so based on the …
Honda Accelerates North American Vision To Be Fully Electric by 2040
In less than three years, you’ll be seeing the new Honda Prologue hit the road. Honda recently announced the name of its first new volume electric, signaling a new era that will lead to the company’s vision for 100% zero emission vehicle sales in North America by 2040, according to a company press release issued …
NM Study Finds Almost 200 Orphan Well Sites Near Carlsbad Caverns National Park
Nearly 200 abandoned oil and gas wells are documented within a 30-mile radius of Carlsbad Caverns National Park in New Mexico, according to a recent story published by the Carlsbad Current-Argus. The caverns contain a complex system of underground caves and filter local groundwater sources which could be susceptible to contamination from the orphaned wells. …
