PEMA Professional Energy Marketers Association
Transportation Secretary Pete Buttigieg got an earful from Native Americans when he visited New Mexico this past week. Tribal leaders demanded federal funds to fix their roads and to repair the broken agreement with the federal government. ““The so-called federal responsibility is not met for these tribes,” one leader …
Read More »Completion reports for November 18, 2022
completions: none were processed today
Read More »Permits to drill for November 18, 2022
permits: none were processed today
Read More »Crude oil finished the week with a 2% loss
Crude oil dropped nearly 2% in Friday’s trading, making for a second weekly decline. What caused the drop? Again, weakened demand in China because of growing COVID-19 cases. Adding to it was the growing possibility of hikes in U.S. interest rates. West Texas Intermediate crude for delivery in December …
Read More »Oklahoma’s general revenue funds continue to grow
A new report by the Oklahoma Office of Management and Enterprise Services showed October general revenue fund collections for Oklahoma were up nearly 19% from a year ago. Total collections for October came to $715.3 million which is 18.6% or $112.1 million more than the monthly estimate. It also …
Read More »Wyoming could face blackouts as state transitions to wind and solar power
The elimination of coal and natural gas-fired electrical generation and the transition to wind and solar power in Wyoming could result in blackouts in the state in coming years. So claimed a new assessment by the Western Electricity Coordinating Council which examined the electric grid and determined the state’s …
Read More »Completion reports for November 17, 2022
completions: none were processed today
Read More »Permits to drill for November 17, 2022
permits: none were processed today
Read More »Another fall for crude oil prices and for Oklahoma energy stocks
Crude oil prices suffered another drop in Thursday’s trading as they fell more than 3%. Observers blamed growing COVID-19 cases in China along with increased concern that U.S. interest rates will be raised again. West Texas Intermediate crude for December delivery plunged $3.95 a barrel or nearly 5% to …
Read More »Wyoming Senator blasts Biden’s latest energy department nominees
Wyoming U.S. Sen. John Barrasso made it clear Thursday he doesn’t like President Biden’s latest energy nominees. During a hearing of the Senate Committee on Energy and Natural Resources, a committee which also includes Sen. James Lankford of Oklahoma, Sen. Barrasso was particularly opposed to the nomination of David …
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