** ConocoPhillips COP has been granted financial approval for its Willow oil and gas drilling project in Alaska, with a budget of $8 billion. Following the approval, the company has initiated winter construction. Residents of Alaska are now experiencing the positive outcomes of responsible energy development. ** Samsung Electronics Co. has delayed mass production plans at its new …
December 2023 archive
House members concrned about EPA Greenhouse Reduction fund spending
US House Science, Space, and Technology leaders raised concerns with the Environmental Protection Agency’s implementation of the Greenhouse Gas Reduction Fund (GGRF). Environment Subcommittee Chairman Max Miller and Investigations and Oversight Committee Chairman Jay Obernolte wrote a letter to EPA Administrator Michael Regan about potential unfair advantages granted in GGRF awards. The GGRF was intended to …
Crude oil prices rose 2% in Tuesday’s trading
Crude oil prices recorded a more than 2% gain on Tuesday, the highest level this month. Oklahoma energy stocks also made gains in the days trading following more attacks on ships in ther Red Sea. West Texas Intermediate crude went up by $2.01 or 2.7% to close at $75.57 a barrels on the New York …
Tax cut bills filed by Oklahoma House Speaker
Oklahoma House Speaker Charles McCall, R-Atoka, has filed multiple pieces of legislation regarding personal income tax cuts ahead of the upcoming session of the Oklahoma Legislature. The bills are the latest in a series of tax cut plans that the House has filed and passed throughout the last three years. “Everyday Oklahomans continue to …
Lankford talks of “unfair taxes” on oil and gas companies
In citing some of his efforts in Congress, Oklahoma U.S. Sen. James Lankford pointed recently to protecting Oklahoma energy companies from what he labeled as”unfair taxes.” The Senator says the unfair taxes arose from the efforts of Democrats who allow restaurants, repair shops or other store operators to deduct normal business expenses, but not …
Hydrogen production tax credit program unveiled
The Biden administration once again is reaching deeper into the pockets of taxpayers to fund billions of dollars in tax credits to hydrogen producers. Details of the plan were laid out Friday as the government wants to get behind a big push to build the industry as a cleaner alternative to fossil fueled power. …
Quick energy reads
** The West Texas Intermediate (WTI) crude oil price is once again nearing the $75 per barrel threshold and is expected to stay robust into the coming year. Specifically, the U.S. Energy Information Administration (“EIA”) anticipates a WTI oil price of $78.07 per barrel in 2024, slightly surpassing its projected figure of $77.63 for the …
OKC offers Christmas tree disposal
If you’re one of those who tears down your Christmas tree only a day or two after Christmas day, Oklahoma City is once again offering to turn it into free mulch. OKC residents can drop off natural Christmas trees for OKC Parks to mulch from Dec. 26 through Jan. 15. Of course, remember to remove …
Federal investigators blame KMCO for fatal explosion in 2019
Nearly three and a half years after a fatal explosion and fire at the KMCO production plant in Crosby, Texas, government investigators put the blame on the company. The firm is no longer in business. Neither is the plant. The US Chemical Safety and Hazard Investigation Board released its report into the April 2, 2019 …
Energy producers want OERB open records
Oklahoma’s group of vertical oil and gas drillers have a transparency beef with the Oklahoma Energy Resources Board over its budget processes and how the agency conducts various programs under a series of cole-source contracts. The Oklahoma Energy Producers Alliance, headquartered in Ada, filed an Open Records request to the OERB to learn more …
