** The Biden administration stands ready to deploy its tools to address the latest increase in oil prices, a spokeswoman for the National Security Council said this week. ** Electric vehicle charging and equipment company Blink plans to supply Level 2 chargers at General Motors dealerships in the U.S. and Canada. ** South Dakota lawmakers advance legislation that would …
Could BNSF be hit by a strike? Railway tries to head it off
BNSF railroad, the company with operations throughout Oklahoma has gone to federal court seeking a judge’s order to prevent two unions from striking net month. BNSF is headquartered in Fort Worth, Texas but is considered to be owned by Omaha, Nebraska billionaire Warren Buffett’s Berkshire Hathaway Company. Two unions say up to 17,000 workers …
Enviro groups want end to oil and gas production on federal lands
More than 300 environmental and tribal organizations are petitioning President Biden to totally phase out oil and gas production on federal land by 2035. The coalition of the groups contends the administration has the legal authority to do it, reported The Hill. Click here for The Hill
Chesapeake Energy nears deal to buy Chief Oil and Gas
Reuters reports Oklahoma City-based Chesapeake Energy Corp. might be close to a $2.4 billion acquisition of privately owned natural gas producer Chief Oil & Gas. Chief Oil & Gas, headquartered in Dallas, was founded and still controlled by Texan Trevor Rees-Jones. Click here for Reuters.
US crude inches closer to $90 but Oklahoma energy stocks aren’t helped
Crude prices in the U.S. made a push closer to the $90 mark on Wednesday. But it didn’t do much to help Oklahoma energy stocks as most recorded losses for the day. West Texas Intermediate crude for February delivery reached $86.96 a barrel after a $1.53 or 1.79% increase in trading on the New …
Oklahoma storm costs cases to be monitored by AARP
The amount of February 2021 winter storm costs in Oklahoma could be at least $6 billion according to one consumer group official. “An estimated $6 billion could be extracted from customers of utilities,” declared Deborah Thompson, an attorney who represents AARP Oklahoma in utility rate cases before the Oklahoma Corporation Commission. During a live …
Regulators to review ONG’s $1.3 billion request for storm help
Oklahoma Natural Gas is the latest utility to go before Oklahoma Corporation Commissioners in the company’s request for the use of state bonds to assist with ONG’s February 2021 storm costs of more than $1.3 billion. ONG’s request will be handled in a regular meeting of the Commission at 9:30 a.m. Thursday. Listed as …
New Mexico oil and gas regulators want more money to fight pollution
New Mexico’s oil and gas regulators have gone to their state legislature with hands out for more funding to be used in the fight against pollution. The state’s cabinet secretary at the Energy, Minerals and Natural Resources Department went before a Senate committee this week asking for a more than 16% increase in funding …
Fight developing in Iowa over carbon capture pipelines
Efforts to build underground pipelines across Iowa to capture carbon dioxide from ethanol and fertilizer plants are running into more and more oppositions. Axios reports environmentalists, farmers and community leaders are voicing their opposition to the plans that might include the use of eminent domain. Click here for Axios.
Enbridge to build natural gas pipeline to Brownsville LNG plant
An expansion of Enbridge’s Valley Crossing natural gas pipeline delivering fuel to the Texas LNG export plant at Brownsville was announced this week. Reuters reported U.S. energy company Glenfarne Group LLC stated a 10 mile lateral will be built by Enbridge. Click here for Reuters.
