Three years after the federal government approved oil and gas drilling leases on nearly 6,000 acres of land in New Mexico, it is thinking of revoking the contracts. The Bureau of Land Management is reported to be reconsidering a plan to lease the land in question in Eddy and Lea Counties, two counties …
Category: Oil & Gas
Biden’s war on natural gas didn’t stop record use last year in the US
Despite the work of the Biden administration and environmentalists against the use of natural gas, the U.S. had a record use of it in 2023. The U.S. Energy Information Administration reported this week that in 2023, 89.1 billion cubic feet a day of natural gas was consumed in the U.S., the most on record. Since …
Energy briefs
** For the first time in five months, NASA engineers have received decipherable data from Voyager 1 after crafting a creative solution to fix a communication problem aboard humanity’s most distant spacecraft in the cosmos. Voyager 1 is currently about 15 billion miles (24 billion kilometers) away, and at 46 years old, the probe has shown multiple …
Mammoth Energy investors hope for improved quarterly earnings
First quarter financial results for Mammoth Energy Services, Inc. will be disclosed May 2 and investors wonder if they will see economic improvements for the company. The company will release them before the market opens on that Thursday, then leadership will gather for a 9 a.m. central time conference call to discuss the …
PHX Minerals to release quarterly financial results
Quarterly financial results from PHX Minerals Inc. will be released next month. The Fort Worth-based company will make known the results on Wednesday May 8 following the close of market. Company leaders plan to hold a conference call to discuss the results at 10 a.m. central time on May 9. Focusing its efforts on …
Mitchell Talks Energy With Jerry Bohnen—podcast explores energy bills that aren’t really dead
So you think some of the controversial bills in the Oklahoma legislature including the so-called ROFR/NOFR measure are dead? Think again as this week Scott Mitchell and Jerry Bohnen explain why the term ‘dead for the session’ is untrue and which energy-related bills deemed lifeless in April will likely regenerate in May. Plus a …
Crude oil prices fell on Monday while Oklahoma energy stocks made gains
Crude oil prices dropped on Monday as investors still feel that despite the tension between Israel and Iran and Israel’s continued war against Hamas, they don’t think there is serious risk to the flow of oil out of the Middle East. West Texas Intermediate crude prices in the U.S. closed down 29 cents or 0.35% …
Corporation Commissioner wants AG opinion whether agency is obstructing him over public records
Oklahoma Corporation Commissioner Bob Anthony upped the ante in his fight to obtain public records into his ongoing efforts to investigate what he alleges was wrongdoing and excessive costs of $5 billion in the 2021 winter storm Uri ratepayer-backed bond issues. He asked Attorney General Gentner Drummond on Monday for a legal opinion whether …
Researchers in New Mexico study ways to store hydrogen
If the U.S. moves ahead with development of hydrogen as an energy source, there’s a major question of how to store it. Research is underway in New Mexico at the Sandia National Laboratories into examining the use of abandoned natural gas and oil fields to store hydroden underground. The labs, located in Albuquerque have …
Energy briefs
** The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. ** In 2018, Akron-based FirstEnergy donated $2.5 million to a Republican Governors Association-affiliated …
