Jerry Bohnen

Author's posts

Geothermal energy development—can it cause earthquakes?

  Could another energy development plan cause more earthquakes in Oklahoma and elsewhere? It’s a question being raised by some who worry geothermal energy generation might cause earthquakes the same way oil and gas did in Oklahoma, Texas and other parts of the nation. Oklahoma’s earthquakes were reportedly caused by deep pumping of water back …

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Report—Biden wants Ukraine to back off drone attacks on Russian refineries

  Over the past few months, benchmark crude oil prices in the U.S. rose above the $80 mark. On Friday, West Texas Intermediate crude oil closed at $80.63, a drop of 44 cents during the trading day. Now there are reports the Biden administration, not known for its love of oil and gas production even …

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Nation’s rig count takes a fall while Oklahoma remains steady

  More rigs were pulled out of oil and gas drilling across the nation over the past week. The nation’s oil and rig count dropped by 5 in the past week, falling to 624, according to the weekly rig numbers released on Friday by Baker Hughes Co. Oklahoma’s count remained at 44. A year ago, …

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Possible ceasefire in Gaza sent crude prices down on Friday

The possibility of a ceasefire in Gaza resulted in weaker crude benchmarks on Friday. But as Reuters reported, the shrinking U.S. rig count cushioned the fall. Observers believe if peace talks are successful, it might convince Yemen’s Houthi rebels to allow oil tankers to pass unharmed through the Red Sea. West Texas Intermediate crude fell …

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Matrix makes major construction contract with Belgium fertilizer firm

Tulsa’s Matrix Service Company just made a major deal to provide engineering, construction and industrial services to a Belgium company. Matrix did not reveal the financial content of the contract its subsidiary, Matrix PDM Enegineering made with Engicon nv headquartered in Harelbeke, Belgium. Under the memorandum of understanding, Matrix will provide total engineering, procurement and …

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BlackRock fights back against Texas move to pull $8.5 billion in assets

    While BlackRock escaped a ban in Arkansas over its ESG policies, it continues fighting last week’s move by the Texas State Board of Education to pull $8.5 billion in assets from the major investment firm. BlackRock, already banned in Oklahoma for allegedly discriminating against the oil and gas industry issued a statement saying …

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Energy quick reads

** Maine’s top environmental regulator, the Maine Board of Environmental Protection rejected a proposed state electric vehicle (EV) mandate in a surprise vote, bucking climate concerns voiced by eco groups and Democrats. ** Minnesota company Carba is helping to slow down an overheating planet by pulling its solution right from the air. As detailed by the Star …

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How much E-Junk do you have? It’s becoming a world problem

  Imagine the old cell phones lying around some of your junk drawers. Or hand-held electronic games. They’re part of the nation’s and the world’s growing pile of what is called E-Junk…discarded refrigerators, old TVs and even e-cigarettes. A report by CNN showed how the E-Junk pile is growing five times faster than recycling rates …

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Arkansas bans financial firms for discriminating against oil and gas industry

      Six investment firms whose ESG policies are considered to be discriminatory against oil and gas have been banned from doing business with Arkansas state agencies. The Arkansas ESG Oversight Committee voted recently to prevent state investments with Credit Suisse, Goldman Sachs, Royal Bank of Canada, TD, UBS and Nomura and their asset …

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Sixteen states including Oklahoma challenge Biden’s LNG permit freeze

  Sixteen Republican attorneys general, including Oklahoma AG Gentner Drummond, filed suit against the Biden adminstration over the President’s freeze on federal permits for new LNG exports. Led by Texas and Louisiana, the states are demanding that the Energy Department reverse its ban announced in January. “This ban disregards statutory mandates, flouts the normal regulatory …

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