The Petroleum Alliance of Oklahoma and six other oil and natural gas associations in Texas and Louisiana contend the federal government has gone beyond its congressional authority in forcing car makers to eventually manufacture electric vehicles. Overreach. The seven groups appealed to the U.S.. Court of Appeals in Washington, D.C. claiming the Environmental Protection …
Category: Oil & Gas
Supreme Court rules against major oil firms in public nuisance lawsuits
The Supreme Court delivered a setback for Suncor, ExxonMobil and other major oil companies in their fight against climate-change lawsuits, ruling that the suits will remain in state and not be moved to federal courts as the companies wanted. The court’s ruling came this week as local governments in Boulder, Colorado and Boulder County …
OK energy stocks and crude oil prices reversed losses in Monday’s trading
Monday saw Oklahoma energy stocks and crude oil prices make gains for the day as losses recorded last week were reversed, thanks to optimistic investors. They believe holiday travel in China will give a kick-start to fuel demand in the globe’s biggest oil importer. West Texas Intermediate crude rose 89 cents or 1.1% to …
Summary of fast energy reads
** Two men were sentenced for conspiring to attack U.S. electric substations in a plot motivated by white supremacy and intended to sow civil unrest and economic distress, the U.S. Justice Department said. Christopher Cook, 21, of Columbus, Ohio, was sentenced to 92 months in prison, and Jonathan Frost, 25, of Katy, Texas, and West Lafayette, …
Texas residents oppose LNG terminals approved by Biden administration
The recent decision by the Biden administration to approve two new liquefied natural gas terminals along the Texas coast isn’t exactly being welcomed with open arms by the people in the Rio Grande Valley. They’re fighting the plants and so are environmentalists. As The Hill reported, the Texas residents filed as though they were …
Attorney General fights Summit Utilities shutoff plans in Arkansas
The Attorney General in Arkansas has asked public utility regulators to stop Summit Utilities from its plan in July to resume late fees and service shutdowns for its Arkansas customers. Summit has an estimated 525,000 customers in Oklahoma, Arkansas and the Texarkana region of Texas. AG Tim Griffin filed a petition with the Arkansas …
Tulsa CEO calls on state to offer incentives for companies to plug abandoned wells in Oklahoma
The head of a Tulsa based energy solutions company suggests Oklahoma can take great strides in solving its thousands of abandoned and unplugged oil and gas wells by taking advantage of the emerging voluntary carbon market. Writing in the Sunday Oklahoman’s Viewpoints section, Staci Taruscio, CEO of Rebellion Energy Solutions, called on the state …
Former Interior Secretary says Supreme Court should consider Colorado climate lawsuits against oil companies
Former Interior Secretary Gale Norton is urging the US Supreme Court to take up a climate-related lawsuit by Colorado governments against fossil fuel companies Suncor and ExxonMobil. Writing in Bloomberg Law, North stated that if the high court doesn’t, the result could be a string of separate state court rulings that result in chaos. …
Oklahoma seeks well pluggers under federally funded program
The Oklahoma Corporation Commission has launched a campaign to attract private firms interested in helping with the state’s federally-funded well plugging program. In a recent announcement, the Commission explained that the state issued a “new solicitation” for those interested in becoming part of the program under the Infrastructure Investment and Jobs Act. In the …
Corporation commissioners stick to state’s Open Meeting Act
Theoretically, if two of Oklahoma’s three Corporation Commissioners hold even an informal gathering where issues at hand are discussed, it is considered an illegal meeting. Such is the case in point raised last week during the contentious public discussion prior to the commission’s 2-1 vote in favor of approving nearly $6.6 billion in fuel …