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** The Biden administration started enforcing a nationwide ban on various types of popular light bulbs Tuesday as part of its aggressive energy efficiency agenda. Under the Department of Energy’s (DOE) regulations, manufacturers and retailers will be prohibited from selling incandescent and similar halogen light bulbs which represent a sizable share of current light bulb supplies. ** Senate …
Record oil production in May in Texas
The amount of crude oil produced in Texas soared to a record level in May according to the federal government. The U.S. Energy Information Administration reported Texas production soared to 5.49 million barrels a day, the highest in monthly government information dating back to 1981. Oil production in the state accounts for nearly 40% …
Warren wants Attorney General to sue oil and gas industry
Massachusetts U.S. Sen. Elizabeth Warren, the Democrat who grew up in Oklahoma and was called “Pocahontas” by former President Trump over her false claims of Indian heritage now wants the U.S. Attorney General to sue the fossil fuel industry. She and three other Democratic Senators, all described as affiliated with the progressive and climate-hawk …
Strong 2Q earnings for Ovintiv Inc.
As Ovintiv still reports some success in Oklahoma’s STACK play, the company is running a reduced rig program because of the June close of its $4.275 billion Midland Basin acquisition. It reported a strong Permian Basin Performance in the second quarter and President and CEO Brendan McCracken said the company exceeded all of its …
Xcel Energy to invest $770 million in New Mexico and Texas
Xcel Energy plans to invest nearly $770 million in power-generating operations in Texas and New Mexico and at the same time, extend the life of two older natural gas-fueled units. The company said thee upgrades and additions to its generating fleet in the two states will return $116 million in added tax revenue to …
Harold Hamm—still a ‘wildcatter’ at heart
Tuesday was when Oklahoma oil billionaire Harold Hamm’s book about how he clawed his way from a teenage oilfield worker to head of an Oklahoma City-based oil company was released. Prior to the release of his book, “Game Changer,” the 77-year old Hamm did several interviews and told Bloomberg News, “The future …
Completion reports for July 31, 2023
completions: none were processed today
Permits to drill for July 31, 2023
Okfuskee County JULIE #4A, July 31 2023 13 12N 8E NWNWSENW API: 10723638 Lat: 35.51853332854085, Long: -96.41808519368941 C & C PRODUCTIONS LLC SH, DR, 3400 ft, BOOCH(3290)
Crude oil hits highest mark since April and Oklahoma energy stocks gained too
Crude oil prices hit a three-month high in Monday’s trading, marking their steepest monthly gains since January 2022, largely because of a growing tightening global supply of oil. Oklahoma energy prices also recorded gains with one firm hitting a 6% increase for the day. West Texas Intermediate crude rallied for a $1.22 or 1.5% …
Manchin prepares for another fight with Biden—one over clean hydrogen
Another fight between West Virginia Sen. Joe Manchin and the White House over its green energy push is brewing and it involves clean hydrogen. Hydrogen is a growing topic in Oklahoma and other states where hydrogen hubs are being proposed, thanks to funding from the federal government. At the heart of Manchin’s growing opposition …