Oklahoma Gov. Kevin Stitt was among 11 Republican governors who urged House Speaker Nancy Pelosi to drop a $4,500 electric vehicle tax credit from the social agenda and infrastructure bill. In particular, Stitt and the other governors targeted the incentive for customers who buy ‘union-made’ electric vehicles. “We cannot support any proposal that creates …
Wyoming revenue estimate raised by hundreds of millions through 2026
All that oil and gas drilling in Wyoming by some Oklahoma-based energy firms no doubt contributed heavily to greatly increased revenue for the state. As the Casper Star Tribune reported, revenue collected by Wyoming during the 2021 fiscal year far outstripped earlier estimates—thanks to unexpectedly high oil and gas prices. Click here for Casper …
New Mexico US Rep wants to protect oil and gas from species conservation
New Mexico’s lone Republican U.S. Representative, Yvette Herrell introduced recent legislation to protect the oil and gas industry from the Biden administration’s threatening efforts designed to protect some plants and animals nearing extinction. She contends that critical habitat designations could impose undue burdens on some of the state’s industries and threaten local and state …
Enable Midstream bounces back with big 3Q report
Oklahoma City’s Enable Midstream Partners, the company nearing completion of a merger with Energy Transfer announced a huge turnaround in its third quarter profits reporting $116 million in net income, an increase of $280 million compared to $164 million net loss a year ago. The company said net income attributable to common units was …
Other energy headlines
** President Joe Biden wrapped up his time at the Group of 20 summit on Sunday trying to convince Americans and the wider world that he’s got things under control — and taking Russia, China and Saudi Arabia to task for not doing enough to deal with the existential threat of climate change. ** Senate Republican Leader …
Texas firm to build $6 billion operation in Pennsylvania
Texas-based energy company Nacero Inc. on Friday announced plans to build a $6 billion manufacturing facility on the site of a former Pennsylvania coal mine that will produce gasoline made from natural gas and renewable natural gas and is expected to generate thousands of jobs. Click here for The Times Leader
OK DOT to meet Nov. 1
The Oklahoma Transportation Commission meets Monday where members will get a briefing on budget talks on Capitol Hill and how the Democrats spending plan might affect highway and bridge construction in the state. The 11 a.m. meeting will include the briefing from Secretary of Transportation and Oklahoma Department of Transportation Executive Director Tim Gatz. …
Gas line leak repaired in Oklahoma
Details remain sketchy but a Northern Natural Gas pipeline leak Oct. 22 in Oklahoma is described as one of the worst emission releases seen in the U.S. this year. Bloomberg reported the pipeline operator, owned by Warren Buffett’s Berkshire Hathaway Energy spewed a powerful plume of greenhouse gas. Northern Natural Gas said it happened …
Crude prices made steady progress on Friday
Analysts and investors await Monday’s trading activity to see if crude prices will maintain their increase this week. On Friday, prices settled up on expectation that OPEC+ will maintain its production cuts. West Texas Intermediate crude for December delivery rose Friday by 76 cents or nearly 1% to finish at $83.57 a barrel on …
Rig count grows nationally but remains unchanged in many states
Oklahoma’s rig count was unchanged in the past week, remaining at 43 while nationally, the number increased slightly, an indication that drilling has not seen a marked step-up in recent weeks. Baker Hughes reported the national count increased by 2 to 544 as the number of oil rigs grew by one to 444 and …
