Tag Archives: #OklahomaEnergy

  Oklahoma Treasurer Todd Russ reported the state’s revenue from its gross production tax on oil and gas continues to show a lower trend. Figures released in his March 2024 Economic report showed a more than 12% drop in oil and gas gross production tax revenue from February to March. …

    Instead of spiking Monday as some thought might occur because Iran’s weekend attack on Israel, crude oil prices fell lower, largely because the attack was a dismal failure and speculators believe there won’t be a major disruption of the flow of oil to markets. West Texas Intermediate crude …

  Over the weekend, U.S. Senator Markwayne Mullin (R-OK), a member of the Senate Armed Services Committee (SASC), hosted U.S. Senator Jack Reed (D-RI), the Chairman of the Senate Armed Services Committee, on numerous Oklahoma military installations to better understand current needs and future readiness of the installations and their units. On Friday, …

  A new government report indicates almost all oil and gas regions in the U.S. will see increased production in the month. The U.S. Energy Information Administration reported it anticipates “new well” oil production in the Anadarko Basin to increase from 716 barrels of oil a day to 717 barrels …

  Oklahoma City reports recent tests show the city’s water surpasses recent new minimum EPA requirements for contamination by “forever chemicals.” In other words, the city’s water level of six PFAS compounds is better than what is required in the first-ever National Primary Drinking Water Regulation released last week. The new EPA …

  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 …

  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 …

  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 …

  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 …

  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. …