Category: Oil & Gas

AG Drummond and others go to court in fight against EPA’s latest methane emissions rule

  Attorney General Gentner Drummond and a 25-state coalition he is leading have filed a motion to stay the Environmental Protection Agency’s (EPA) new methane emissions rule. Filed Friday in the U.S. Court of Appeals for the District of Columbia Circuit, the motion follows a petition introduced last month by Drummond and the coalition of …

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Vital Energy announces 1Q earnings report release date

The first quarter earnings report for Tulsa’s Vital Energy, Inc. will be released in a few weeks and investors will learn whether the company’s success in the Permian Basin continued for another quarter. The company announced the release will be made after the market closes on Wednesday, May 8. It will be followed by a …

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Energy quick reads

** The FBI is conducting a criminal investigation into the deadly collapse of Baltimore’s Francis Scott Key Bridge that is focused on the circumstances leading up to it and whether all federal laws were followed, according to a person familiar with the matter. ** Tesla will lay off more than 10% of its global workforce, an internal memo …

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BOK Financial Corp. becomes major player in lending to oil and gas operations

  A report by Bloomberg shows an Oklahoma bank is among a handful of US regional banks that have taken major steps to increase lending to oil, gas and coal clients. The list of the regionals included BOK Financial Corp in Oklahoma where there is a 2-year old law in which financial institutions are reviewed …

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Mitchell Talks Energy with Jerry Bohnen

The week’s first look at what the Israeli-Iran conflict is doing to oil futures and Jerry’s analysis of the first filings by AG Gentner Drummond into alleged price gouging connected to the 2021 winter storm.  

Government just moved to make it cost more for drilling on public lands

  The Biden administration’s continued war on the oil and gas industry took another step on Friday when the Interior Department finalized a new federal rule that will likely increase the cost of drilling on public lands. It came as the White House just took an opposite step to help renewable energy production on the …

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Growing worries about escalating warfare in the Middle East sent crude prices up on Friday

  The growing prospects of an Iranian response to an apparent attack by Israel that killed 7 Iranian military members in Syria resulted in a Friday 1% gain in crude oil prices. Some believe Iran might respond and added to Israel’s fighting in Gaza, it only resulted in more concern about what it could do …

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Nation’s oil and gas rig count dropped while Oklahoma held steady

  The nation’s count of active oil and gas rigs dropped in the past week, falling by 3 and leaving 617 rigs pursuing new energy in the U.S. The rig count provided by Baker Hughes Co. on Friday indicated Oklahoma held steady at 44 rigs, still 14 below the count from a year ago. The U.S. …

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Judge sends OKC landfill gas fight back to Oklahoma County District Court

  Oil and gas producers aren’t the only ones who can be used in disputes over royalty payments. The owners of the site where Oklahoma City created a landfill 12 years ago recently won their fight to keep the lawsuit in Oklahoma County District Court and out of federal court. It’s a battle over gas …

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Chesapeake Energy and Southwestern prepare for special shareholders meetings to vote on proposed merger

  Chesapeake Energy has filed a proxy statement indicating it plans a special shareholders meeting to seek approval of its proposed $7.4 billion merger with Houston-based Southwestern Energy. But the filing with the SEC did not declare a date or time for the meeting as it apparently is undecided because of a request by the …

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