Back for 2024—-Scott Mitchell talks energy with Jerry Bohnen of OK Energy Today. Yes, we offer our insight into the politics of rate hikes and what utilities might want from state legislators as they prepare to start their 2024 Legislative session.
January 22, 2024 archive
Crude oil recorded gains on Monday
Monday’s trading resulted in a 3% gain for U.S. crude futures and 2% overseas,largelly because of anticipated tightening of oil supplies because of the fighting in the Middle East and Ukraine along with extreme cold weather in North America. Benchmark U.S. crude oil for February delivery rose $1.78 to $75.19 per barrel Monday. Brent crude …
Peter Zeihan on Texas electric grid beating the cold weather odds
World observer Peter Zeihan recently paid attention to the frigid weather that gripped the Midwest. For a while, many speculated that the electric grid in Texas (ERCOT) might not withstand last week’s cold spell. But it did and also caught the eye of Zeihan. “Governor Abbot introduced a series of winterizing efforts following …
Choctaw Nation wins FAA approval for longer drone flights
Longer drone flights by the Choctaw Nation of Olahoma have been approved by the Federation Aviation Administration. What it means for the large Oklahoma based tribe is “Beyond Visual Line of Sight” drone operations in the area of base operations. Marcus Hartman, the Aviation Operations Senior Manager for the tribe said the approval is …
NGL Energy expands water system in SE New Mexico’s Permian Basin
Tulsa’s NGL Energy Partner LP announced that it’s expanding a water pipeline system in far southeastern New Mexico and in the Permian Basin. The company said its NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per …
Hilcorp admits to underpaying $35 million for San Juan Basin production
A Houston based oil and gas company agreed to pay nearly $35 million to settle claims it underpaid royalties for oil and natural gas removed from leased federal lands in the San Juan Basin of northern New Mexico. Hilcorp San Juan made the $34.6 million agreement, according to an announcement by the U.S. Department …
Lucas committee finds Biden administration used inappropriate influence in environmental contracts
An investigation By Congressman Frank Lucas’s House Science and Space and Technology Committee found evidence of inappropriate influence in the Biden Administration’s Contracting Rulemaking. The White House chose two environmentalist groups with significant ties to Democratic donors to do work over dislosure of greenhouse gas emissions and setting emisson reduction targets. They were …
Energy quick reads
** Sunoco LP and NuStar Energy L.P. (NYSE: NS) (“NuStar”) announced that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. ** A major U.S. energy developer, Minneapolis-based Xcel Energy, has initiated the process of shuttering two major coal-fired power …
Chicago joins movement to ban natural gas
Other major cities hopped on the band wagon to ban natural gas cooking and heating and now Chicago might do the same. Like others that banned natural gas, they were largely Democratic cities. A city council member who is a Democrat says she will introduce the measure this week to forbid natural gas in …
Siemens leader says “net zero” is a “fairytale”
The idea of ever reaching net zero as promoted by President Biden and other world leaders is being labeled “fairytale” thinking by the leader of Siemens Energy, the maker of wind turbines used throughout Oklahoma and across the world. Joe Kaeser is chairman of Siemens Energy and recently stated that energy bills will have to …
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