In case you missed the latest edition of Scott Mitchell Talks Energy with Jerry Bohnen, we’ve issued another opportunity to view the discussion of the Attorney General’s investigation of natural gas market manipulation and his subpoena to the Corporation Commission. Two veteran news observers hold a frank discussion of what prompted the investigation. Mitchell is …
December 5, 2023 archive
Judge puts ROFR law on hold in Iowa
While some Oklahoma legislators and major utilities are considering a legislative push in the coming months to possibly create a Right of First Refusal law, a judge in Iowa has set aside that state’s ROFR law and regulation. The ruling came from an Iowa District Court judge for Polk County and also included a …
Veteran executive returns to head Commerce Department’s Aerospace Division
After leaving the Oklahoma Department of Commerce three years ago to join a start-up aircraft company, Vince Howie has returned to be State Director of Aerospace & Defense for the agency. The Commerce Department announced this week that Howie will lead Commerce’s Aerospace & Defense team, also known as ACES, as they work …
ONEOK seeks new investors at NYC event
ONEOK’s latest effort to attract new investors will be at the Wells Fargo Midstream and Utilities Symposium this week in New York. Company management will be there Wednesday, Dec. 6 and hold a fireside chat session at 1:10 p.m. Central Standard Time. A link to the live webcast, replay and ONEOK’s latest investor materials …
Crude oil prices hit a 5-month low in Tuesday’s trading
Not only did crude oil prices drop to a near five-month low in Tuesday’s trading, but Oklahoma energy stocks took a beating too. Oil fell because of a stronger U.S. dollar and demand concerns. It was the fourth day in a row for crude prices to slide. U.S. benchmark, West Texas Intermediate crude, ended the …
Hydrogen development could be reined in by new government rules
If any hydrogen projects are ever going to be developed in Oklahoma, developers might be faced with some green energy challenges about to be created by the Biden administration. Challenges that some contend will only result in failure of non-government funded hydrogen projects. In other words, shooting yourself in the foot before the hunt …
Filing reveals major owner in Tulsa’s Vital Energy
A filing with the Securities and Exchange Commission shows that a major investor in Tulsa-based Vital Energy is the Midland, Texas investment firm Henry TAW LP. The filing indicated Henry TAW has 7,868,933 shares amounting to 22.66% of Vital Energy’s total of 28,671,878 shares of Common Stock. The statement was filed by Richard D. …
Slim chances for a White Christmas in Oklahoma
Still not looking good for a White Christmas in Oklahoma. “Well, not so great,” wrote Oklahoma climatologist Gary McManus in Tuesday’s Mesonet report. “—we’re gonna call those fantasy-casts. Just for now. But nothing showing up as we get closer to Christmas Week. But next week does look a bit wetter.” This week? A big warm up …
Brief energy stories
** The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US diesel shipper to sail around the tip of South America en route to Chile for the first time since 2020. The vessel Green Sky is hauling ultra-low sulfur diesel loaded at Citgo Petroleum Corp.’s Clifton Ridge terminal in Louisiana to …
ERCOT’s new rules also raised electricity prices in Texas
Oh oh. New rules for the Texas electric grid costs far more than the $8 billion originally estimated last summer. Now it’s more than $12 billion, according to a review of the Electric Reliability Council of Texas by its watchdog, Potomac Economics. The new estimate is also being disputed by ERCOT. The grid took …
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