Why would the Oklahoma legislature be studying and perhaps even drafting ROFR (right of first refusal) legislation for 2024 that could further increase electricity prices? The answer is long and involved and that’s the focus of this week’s episode of Scott Mitchell Talks Energy with Jerry Bohnen.
October 2023 archive
Crude makes another decline as Israel moves deeper into Gaza
Investors apparently aren’t as concerned that the fighting in Gaza will cause a great disruption of oil production in the Middle East. Crude price on Tuesday dropped every so slightly as data was also released showing gains in crude oil production from OPEC and the U.S. Between WTI and Brent, WTI had the biggest …
Chesapeake recorded slight drop in 3Q production but still had strong revenue
The third quarter earnings report released Tuesday by Chesapeake Energy showed a drop in the results of its oil and gas production but income still produced a strong quarter for the Oklahoma City company. Adjusted net income for the third quarter was $155 million or $1.09 a share , better than the second quarter …
Panama Canal drought delays energy shipments, increasing shipping costs
A drought is limiting ship traffic through the Panama Canal. The resulting delays caused shipping rates through the Panama Canal for Very Large Gas Carriers (VLGCs) to reach record highs, which increased the cost of shipping liquefied petroleum gas (LPG) from the United States. According to the Panama Canal Authority (APC), water levels at Gatún Lake are …
Kansas town about to run out of water amidst severe drought
The drought in Oklahoma is one thing, but the drought in southeast Kansas is so severe that one town along the border expects to be out of water by Christmas. Things are so desperate in Caney, a city of 2,000, that stockpiles of bottled water sit in front of the town hall. “This is …
Lucas says Energy Department is offering funds for creation of unions
U.S. Rep. Frank Lucas wants to know why the Department of Energy is offering funding for the creation of unions in the Department. Lucas, chairman of the House Science, Space and Technology COmmittee along with California Rep. Jay Obernolte who chairs the House Investigations and Oversight Subcommimttee sent a letter to the Department of Energy …
OPEA attacks state Treasurer over enforcement of ESG law
A rift has developed over Oklahoma’s enforcement of a law boycotting large banks and financial firms with ESG policies that discriminate against the state’s oil and gas industry. The Oklahoma Public Employees Association has come out against the efforts of State Treasurer Todd Russ to ban such firms from being allowed to handle state …
Oil and gas regulators plan to make some rules changes
Staff of the Oklahoma Corporation Commission plan a meeting with oil and gas operators this week to discuss some proposed rules changes in the commission’s Oil & Gas Conservation division. The announcement came this week. The proposed rules for Chapter 5, Rules of Practice and Chapter 10, Oil & Gas Conservation, will be discussed …
Tesla to convert Austin plant rooftop to solar power
Imagine Austin’s Tesla factory covered with rooftop solar panels? It’s what the company intends to do, creating the largest rooftop solar installation in the world. The company indicated that when the project is finished, it will be 30 megawatts. The solar milestone would be one of many firsts at the factory, reported the Austin …
Rep. Bice back to work
Oklahoma Congresswoman Stephanie Bice says the Energy and Water Subcommittee Appropriations bill passed in the House last week was a continuation of work to “fund the government in a fiscally responsible manner.” She and every other member of the Oklahoma delegation in the House voted for the measure. “We must continue to prioritize programs …