New Mexico took another step forward this week in development of more hydrogen research after the state failed, like Oklahoma, to land one of the regional hydrogen hubs eligible for billions of dollars from the federal government. An Australia-based company, Star Scientific Limited announced it will build a campus in New Mexico to carry …
October 2023 archive
Energy short stories
** High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker. ** Republican Wyoming Gov. Mark Gordon is facing criticism for his recent comments pledging to reduce his state’s carbon emissions …
List grows of firms interested in acquisition of CrownRock operations in Permian Basin
Devon Energy and Continental Resources might have more competition in their reported consideration of bidding for CrownRock LP, a Texas-based energy producer in the Permian Basin. ConocoPhillips is reported to be considering an expansion of its holdings in the Permian Basin and adding to its operations in Oklahoma and across the U.S. The company …
Wednesday brought increased crude oil prices and lower OK energy stock values
Crude oil prices recorded gains in Wednesday’s trading but Oklahoma energy stocks had a rocky day. Benchmark U.S. crude oil for December delivery gained $1.65 to finish at $85.39 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude for December delivery went up $2.06 and closed at $90.13 a barrel on …
Big arctic blast headed toward Oklahoma
Halloween trick or treaters in Oklahoma might take a cue from Ralphie of A Christmas Story fame….bundle up! That’s the cue from Oklahoma Climatologist Gary McManus who says it will be a cold night for the little goblins. “I joked about it for months, but frozen Halloween anyone? At least it warms up to the …
Yelloh, formerly Schwans is closing Oklahoma operations
Remember Schwan’s, the frozen foods home delivery company? After changing its name to Yelloh, the company revealed this week the closure of operations in Oklahoma City, Lawton, Wagner and Tulsa. Known as Cygnus Home Service, LLC, the company informed the Oklahoma Office of Workforce Development is “closing facilities and ceasing operations in the state …
Rep. Cole—Energy Security for America and Our Allies
Oklahoma Congressman Tom Cole suggests the Biden administration’s depletion of the Strategic Petroleum Reserve raises a “unique threat to our nation” as China and Iran increase their oil production and war is underway in the Middle East. How can he make such a claim? Look no further than Joe Biden as President. “President Joe …
Attorney General’s latest lawsuit? Massachusetts and its pig law
From Facebook to pigs….it’s what the Oklahoma Attorney General’s office did this week in handling lawsuits. The AG led the filing of a lawsuit this week against Meta and then on Wednesday, announced the joining of another litigation effort. Gentner Drummond’s latest is a fight over pork regulations in Massachusetts where a new law bans …
Government reports 24% drop in active gas rigs since start of 2023
Data source: Baker Hughes Company The number of natural gas-drilling rigs in the U.S. has been dropping since the start of the year. That’s according to the U.S. Energy Information Administration which reported the decline has totaled 24% since then. On October 20, the Baker Hughes Company reported 118 natural gas-directed rigs were active in the United …
Kansas AG picks new law firm to handle winter storm price gouging lawsuit
Weeks after a federal judge dismissed a natural gas price gouging lawsuit stemming for high prices during 2021 Winter Storm Uri and filed by the Kansas Attorney General against a natural gas marketer who also operates in Oklahoma, AG Kris Kobach hired a new law firm to represent Kansas. Reports indicate Kobach picked Hilgers Graben, …