Led by Oklahoma’s U.S. Sen. Markwayne Mullin, a group of Republican senators is going after the Biden administration after it recently issued a downward revision of the number of unused fossil fuel permits, a correction it blamed on a “reporting discrepancy.” Joined by Sens. James Lankford, Ted Cruz, R-Texas, Kevin Cramer, R-N.D., John Hoeven, R-N.D., Mike …
Latest edition of Mitchell Talks Energy
What is Scott Mitchell exploring in his latest Mitchell Talks Energy with Jerry Bohnen of OK Energy Today? In their latest conversation, the two discuss efforts in the Oklahoma legislature to allow performance based rating for utilities in the state, Corporation Commissioner Bob Anthony and his attempts to learn more details of what led to …
Chemical plant explosion leaves worker hurt near Houston
One worker was seriously injured in the Wednesday afternoon explosion and fire that happened at the INEOS plant near Houston. A few hours later, firefighters managed to extinguish the fire that occurred at the plant along SH-225 near the East Beltway in the suburb of Pasadena. It was described as a “bleve explosion” that …
Crude oil made more gains but Oklahoma energy stocks suffered in Wednesday’s trading
Crude oil prices made another 2% gain on Wednesday but it didn’t help Oklahoma energy stocks as some slid as much as 10% in the day’s trading. The one-week high of crude oil prices came as the dollar fell to a six-week low when the U.S. Federal Reserve implemented an expected small rate hike. …
Empire Petroleum leader resigns
Tulsa’s Empire Petroleum Corporation is under new leadership after last week’s resignation by Thomas W. Pritchard as the firm’s Chief Executive Officer. In a filing with the Securities and Exchange Commission, the company stated that Pritchard departed “to pursue other opportunities” and his resignation was effective March 16, 2023. Pritchard had been CEO and …
Oklahoma House passes car dealership reform bill
A bill promoted by automobile dealers who say overhaul and reform of the state’s Motor Vehicle Commission is long overdue was passed unanimously this week in the Oklahoma House. Rep. Mike Dobrinski, a Republican from Okeene was the House Author and said it will not only modernize Oklahoma’s automobile franchise laws but will also …
Lawsuit withdrawn against Summit Utilities while Arkansas agency begins investigation
A lawsuit alleging price gouging on the part of Summit Utilities in Arkansas was dismissed this week at the request of the law firm that filed the suit on behalf of two Summit customers. Attorney Scott Poynter asked for the dismissal and explained the complaints will be moved to the Arkansas Public Service Commission …
Slight decline recorded in crude oil held in storage at Cushing Hub
U.S. crude oil supplies held their own in the past week while the amount in storage at Oklahoma’s Cushing Hub declined slightly. The U.S. Energy Information Administration reported the national total was 481.2 million barrels of crude oil in storage, an increase of 1.1 million barrels from the previous reporting period on March 10. …
Judge’s ruling put WOTUS on hold in Texas and Idaho
When Oklahoma Attorney General Gentner Drummond filed a lawsuit against the EPA in February and challenged the controversial spread of WOTUS, he called it a “final rule riddled with problems.” This week, a federal judge agreed with him, but in a separate challenge of WOTUS by the States of Texas and Idaho. It might …
Fast energy reads
** In the latest blow to Native Americans who oppose the controversial Resolution Copper mine project in Arizona, the U.S. Forest Service plans to set in motion a land swap between the U.S. government and Rio Tinto. ** As U.S. refiners rejigger operations to reflect declining domestic motor fuels demand in the next decade, they will …
