Tuesday , April 30 2024

Energy News

Transportation expert predicts eastern Colorado passenger railway will fail

  The efforts of Colorado Gov. Jared Polis to promote a Front Range passenger rail service, one that could involve billions of dollars, are being criticized by one expert who says it will result in abject failure. The Front Range railway, an idea floated last year that recently received $500,000 …

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Barrasso joins Oklahoma’s criticism of Biden’s LNG freeze

  He could be on a short list to succeed Sen. Mitch McConnell as the next Senate GOP leader. Wyoming Sen. John Barrasso is known for his anti-energy mandates of President Biden and is a staunch defender of his state’s energy reputation. As an example, Barrasso, who is the ranking …

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US crude prices fell on Federal Reserve’s interest rate decision

The Federal Reserve decisions to hold firm and not cut interest rates in the near future sent US crude oil prices falling Wednesday. At the same time, US crude stockpiles continued to climb, adding more pressure on crude oil prices. West Texas Intermediate crude dropped 33 cents or 0.42% to …

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Sen. Mullin makes another attack on Biden’s EV mandates

  Oklahoma U.S. Sen. Markwayne Mullin repeated his efforts this week to urge the Biden administration to drop regulations that are aimed at forcing consumers to dump their fossil fuel vehicles and switch to electric cars and trucks. The GOP Senator joined another member of the Senate Environment and Public …

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Nation’s crude oil stocks and those at Cushing grew again

  Crude oil stocks made another jump in storage in the U.S. and the Cushing Hub in the past week. Nationally, stocked increased by more than 4 million barrels since February 16 of this year, according to the U.S. Energy Information Administration. They rose from 443 million barrels to 447.2 …

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Oil and gas fight with wind is resurrected in Oklahoma

  Oklahoma House Speaker Charles McCall’s push for an electricity production tax on renewable energy sources in the state just renewed an age-old fight between the oil and gas industry and the firms behind wind and solar operations His creation of the tax in the form of HB2950 stunned the …

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Natural gas prices in US at lowest level since 1997

  The actions of natural gas producers, including some in Oklahoma, in recent weeks to lower their capital expenditures on exploration are simply in response to what’s happened to natural gas prices. They’ve fallen and tumbled to their lowest prices since 1997. That’s what the U.S. Energy Information Agency reported …

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How Kansas legislature killed bill to grant Corporation Commission “exemptions” from the state’s Open Meetings Act

  As we reported recently, the Kansas legislature decided it wanted open meetings rather than behind-closed-door sessions by its Corporation Commissioners. The House killed HB2591, which is very similar to an effort underway in the Oklahoma legislature where Ardmore Rep. Tammy Townley’s HB 2367 was being considered. In Kansas, the …

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Devon recorded stronger quarterly growth and plans to devote more into the Permian Basin

  Devon Energy only grew stronger in the fourth quarter of 2023 with record-settling oil volumes and net earnings of $1.2 billion or $1.81 per share. The Oklahoma City company released its earnings report following the close of markets on Tuesday showing adjusted core earnings of $902 million or $1.41 …

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Crude made gains on Tuesday….WTI pushes closer to $80 a barrel

  Crude oil prices recorded a jump of a dollar a barrel in Tuesday’s trading and it came as OPEC+ reportedlly is thinking of extending its voluntary oil output cuts into the second quarter of the year. West Texas Intermediate crude rose $1.29 or 1.7% to settle at $78.87 a …

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