Donald Trump’s energy plan that he released last week is being panned rather badly by editors of the Washington Post. They describe it as “illogical” and putting all of your eggs in one supply basket. Writing this week, the editorial board of the Post said Trump’s vision on energy starts with the wrong premise that …
Oklahoma Congressman Markwayne Mullin is among those named by the U.S. House of Representatives to be on a conference committee with the U.S. Senate in developing the first comprehensive energy package in nearly ten years. The Republican Representative was named by House Speaker Paul Ryan of Wisconsin and House Energy and Commerce Committee chairman Fred …
While legal arguments won’t be heard for a few more months on the Obama administration’s controversial Clean Power Plan from its Environmental Protection Agency, a U.S. House subcommittee chaired by Rep. Jim Bridenstine recently explored the plan. It was clear where Bridenstine, a Republican from Tulsa stood on the issue. “The Clean Power Plan does …
The environmental activist group Bold Nebraska and its off-shoot, Bold Oklahoma are in the midst of raising $3,000 to plant what they call the “Seeds of Resistance” in Virginia and West Virginia to fight two major proposed fracked gas pipelines. Both Bold groups say they’re working to protect land, water and climae in the …
The ball is back in Williams Companies’ court after its proposed merger-partner, Energy Transfer Equity L.P. filed a counterclaim lawsuit against Williams last week. The legal action came after a judge in Dallas County, Texas granted a motion to dismiss a related lawsuit brought by Williams against Kelcy Warren, the billionaire owner of ETE. The …
The U.S. rig count remained unchanged at 404, according to the Baker Hughes weekly rig count released on Friday. Leading the pack with the largest gain in North America, Oklahoma added two rigs last week, bringing the cumulative number of active rigs to 59. A year ago, Oklahoma had 106 rigs. Louisiana gained one rig …
Striking back against its antagonistic merger partner, Dallas-based Energy Transfer Equity, L.P. announced on Thursday that it recently filed its affirmative defenses coupled with a counterclaim in the Delaware Chancery Court lawsuit originally brought by The Williams Companies, Inc. on May 13. In the Delaware action, ETE also seeks a declaratory judgment allowing the company …
Crude oil futures hit the key mark of $50 a barrel on Thursday before retreating lower as traders remained cautious due to global output concerns and excessive storage supplies, according to Bloomberg MarketWatch. For the first time since last July, West Texas Intermediate crude under the new July contract advanced to $50.21 a barrel before …
Environmentalists don’t like it but the U.S. House has approved a new version of the energy policy overhaul on a 241-178 vote that was along party lines. Oklahoma’s U.S. Representatives James Bridenstine, Tom Cole, Frank Lucas, Markwayne Mullin and Steve Russell were among the 241 who passed the bill that resurrects the Keystone XL pipeline …
In what is considered ‘legal’ insider trading, University of Oklahoma President David Boren sold 5,000 shares this week he had as a board of director member at Continental Resources. The May 20 sale, according to The Market Digest showed Boren sold the shares at $41.10 a share for a total value of $205,502. The sale …