Jerry Bohnen

Author's posts

Lucas warns Fed chairman about interfering with energy investments

Oklahoma Congressman Frank Lucas had some pointed climate questions during a House Committee hearing featuring Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System. Powell went before the House Committee on Financial Services to discuss monetary policy and the state of the economy. That’s when Rep. Lucas, the ranking member of …

Continue reading »

US House wilderness bills get split vote from Oklahoma delegation

Oklahoma’s U.S. House delegation split its vote this week when the House approved a package of wilderness bills that would protect more than one million acres of public land across three states. The measure, H.R. 2546 passed on a 231-183 vote. While the six-bill package picked up support from six Republicans, Oklahoma Republican Representatives Tom …

Continue reading »

Slumping oil and gas affects Oklahoma’s January general revenue fund collections

The slumping oil and gas industry in Oklahoma played a role in  less-than-stellar general revenue fund collections in January. Oil collections were higher than a year ago, but not natural gas. “Oklahoma is on track with the year-to-date figures, but we continue to see softness in the energy sector,” said Steven Harpe, director of the …

Continue reading »

Solar rules adopted by a Nebraska county

A central Nebraska county has adopted regulations covering solar energy installations. Buffalo County’s board of commissioners approved the rules this week according to the Kearney Hub. Joe Johnson, the citizen who spoke out in September when the county board considered approving a proposal by Hoffmeister, was thanked for his input on the new regulations. “I …

Continue reading »

Joint venture pipeline still seeking customers to move oil from Cushing

A joint venture on a pipeline from Cushing to Texas is extending its period to find commercial support for a capacity expansion. Houston’s Seaway Crude Pipeline Co. is a joint venture between Enterprise Products Partners LP and Canadian-based Enbridge Inc. They are looking for customers to fill space on the 200,000 barrel-a-day capacity expansion project …

Continue reading »

Carbon capture legislation filed by Texas Congressman

  Congressman Dan Crenshaw (TX-02) today introduced legislation to boost carbon capture at natural gas power plants. The New Energy Frontiers Through Carbon Innovation Act will promote research and development for carbon capture technology, and establish a “Carbon Innovation Hub” to achieve an environmental moonshot: turning CO2 and other greenhouse gasses into valuable commodities. “It’s time to …

Continue reading »

Vanguard Group’s investment in ONEOK and Devon Energy

A required filing with the Securities and Exchange Commission shows nearly 12 percent of ONEOK’s shares are controlled by the Pennsylvania-based Vanguard Group and nearly the same amount in Devon Energy. This week’s filing indicated Vanguard Group controls 48,142,499 beneficially owned shares in ONEOK or 11.65%. The Malvern, Pennsylvania company has 47,356,551 shares in sole …

Continue reading »

Oklahoma banking commissioner named to FDIC advisory committee

(pictured above: Commissioner Mick Thompson, Chairman Jelena McWilliams, and Governor Kevin Stitt) Oklahoma banking Commissioner Mickey Thompson has been appointed by Chairman McWilliams to the Federal Deposit Insurance Corporation (FDIC) Advisory Committee of State Regulators. The Committee will provide advice and recommendations to the FDIC on a broad range of policy issues regarding the regulation …

Continue reading »

Fourth quarter loss of $242 million reported by Laredo Petroleum

Despite doing far better for oil and total production expectations in the fourth quarter, Tulsa’s Laredo Petroleum reported a fourth quarter loss of $242 million. The net loss for the quarter was $241.8 million or $1.04 a share with total revenues of nearly $218.1 million. For the full year, Laredo posted a net loss of …

Continue reading »

OKC installs guardrails at deadly bridge where an oil and gas pioneer died

Spurred by a reporter’s inquiry, Oklahoma City officials have finally installed guardrails around the concrete bridge where oil and gas pioneer Aubrey McClendon was killed nearly four years ago. The Oklahoman reported this week that within weeks after its initial inquiry with the city, the guardrails at the Midwest Boulevard bridge are in place. At …

Continue reading »