This week of Mitchell Talks Energy with Jerry Bohnen, we have an analysis of the so-called ‘NOFR” bill, impactful legislation which we’ve been discussing for months. The bill is now awaiting State senate action, and Josiah Neeley of the R Street Institute helps us analyze the claims of both sides with the with the goal of …
March 5, 2024 archive
Crude oil prices saw another drop in Tuesday’s trading while OK energy stocks rebounded
Crude oil prices dropped nearly 1% in Tuesday’s trading while Oklahoma energy stocks rebounded following Monday’s day of losses and natural gas prices continued their slow decline. What triggered the crude oil drop? Mostly skepticism about China being able to achieve its economic growth target according to Reuters. Plus investors are shying away from …
Clean Air Standards Act becomes law in New Mexico
New Mexico Gov. Michelle Lujan Grisham this week signed House Bill 41, Clean Transportation Fuel Standards, into law, making the state the fourth in the nation to enact the standards. HB41 allows producers and importers of low-carbon transportation fuels to generate clean fuel credits to sell to producers and importers of high-carbon transportation fuels. …
Oklahoma County Judge won’t dismiss lawsuit against State’s blacklisting of financial firms
An Oklahoma County District Court Judge has ruled against State Treasurer Todd Russ in his attempt to have a lawsuit dismissed in a challenge of Oklahoma’s law banning financial firms from discriminating against the oil and gas industry. The ruling came recently from Judge Sheila Stinson following arguments in the suit brought by Don …
Arkansas River levee fund heads to Oklahoma Senate
Legislation creating a revolving fund for an Army Corps of Engineers project to improve the Arkansas River Levees has been passed by the Oklahoma House of Representatives. Rep. Lonnie Sims, R-Jenks, presented House Bill 3288, which he co-authored with newly elected Speaker-Designate Kyle Hilbert, R-Bristow. The bill creates the Arkansas River Levee Projects Revolving …
Congressional uncertainty affects Tulsa energy firm’s tax packages
NGL Energy Partners LP in Tulsa said this week a delay in the availability of its 2023 Investor Tax Packages is due to ongoing deliberation on Capitol Hill. Usually, the packages are available in early March but in an announcement, NGL said the timing of the 2023 Investor Tax Packages is “dependent upon actions …
Stormy spring-like weather could hit Oklahoma this week
Oklahoma could see some of the first violent weather of the year this week. Violent in terms of large hail and damaging winds. Climatologist Gary McManus with the Oklahoma Mesonet put it this way in his Tuesday morning Mesonet update. “It’s still early in the forecast period for this, being 3 days out, but it does …
Colorado environmentalists want ban on oil and gas drilling by 2030
Climate activists who want Colorado to ban all new oil and gas drilling in the next six years recently rallied at the state capitol, urging support for a bill in the state legislature. Senate Bill 24-159 would require Colorado oil and gas regulators to stop issuing new drilling permits by Jan. 1, 2030. …
Slow progress made against Oklahoma wildfires
Oklahoma firefighters have made significant progress in fighting their side of the fire that started last week in the Texas Panhandle and burned more than a million acres of land, left two persons dead, killed thousands of head of livestock and destroyed hundreds of homes and farm structures. The Oklahoma Forestry Division reports the …
Energy quick reads
** A 19-year-old who was a quarter mile away from a fiery butane tank explosion outside of Detroit, Michigan was struck and killed by a canister that flew into the air from the blast, according to fire officials. ** Climate envoy John Kerry will be leaving his Biden administration role this week. Wednesday will be his last day …
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