Crude oil prices took another hit in Wednesday’s trading as prices in the U.S. dropped below $60 a barrel. West Texas Intermediate crude for May delivery fell $1.39 to $59.16 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for May delivery took a 60-cent drop to $63.54 a …
President Biden’s multi-trillion dollar infrastructure plan includes some major spending on clean energy, electric transportation, improvements to the nation’s power grid and renovations of the drinking water infrastructure. He calls it the American Jobs Plan and it reportedly includes $174 billion toward vehicle electrification. Part of that huge amount will be a goal of …
Oklahomans in Congress have yet to comment publicly about the President’s more than $2 trillion infrastructure plan, one opposed already by the American Petroleum Institute because it would raise corporate taxes from the current 21% rate to 28%. Others are pointing back to the “sugar high” claim made by Democrats not so many years …
President Biden’s more than $2 trillion infrastructure plan unveiled Wednesday has partial support from the American Petroleum Institute, the organization that supports the nation’s oil and gas industry. What the API doesn’t support is Biden’s plan to raise corporate taxes. His “go big and go fast effort,” as described by some of his critics …
Despite the COVID-19 pandemic that hit New Mexico last year, the year 2020 turned out to be a record one for oil and gas production. The New Mexico Oil Conservation Division reported the state ended the year with nearly 367.8 million barrels of oil produced which was a nearly 11% increase over the 2019 …
Austin-based software company Enverus, the software tracking company that offers weekly information on drilling rig information, announced Wednesday that it has acquired Energy Acuity, a Denver, Colorado-based provider of power generation and power delivery market data with specific expertise in renewable energy. Details of the purchase price were not disclosed. Energy Acuity, formed in 2008 …
ConocoPhillips provided a preliminary first-quarter 2021 operational and financial update on Wednesday including a drop in oil production caused by the major winter storm in February. The company said it expects first-quarter production to be 1,470 to 1,490 thousand barrels of oil equivalent a day. It cited a drop of 50 MBOED in what …
As the leaders of major advertising companies in the U.S. no doubt drive around in their gasoline-powered vehicles and fly in executive jets powered by fuel from oil and gas refineries, they have launched a growing campaign to compare fossil fuels to big tobacco. OilPrice.com pointed out this week how activists are trying to …
Republicans in the Oklahoma House of Representatives notified Attorney General Mike Hunter this week they stand behind his efforts targeting aliens and foreign firms who buy Oklahoma land for criminal purposes. Led by Clinton Rep. Anthony Moore and House Speaker Charles McCall, the GOP group sent a letter to Hunter. The letter follows after House …
Cheniere Energy has officially expanded its Corpus Christi, Texas liquefied natural gas export plant with the arrival of a third train. The Houston company, which obtains some of its natural gas from Oklahoma’s STACK and SCOOP plays, announced the implementation this week of Train 3 which recently was authorized by the Federal Energy Regulatory …
