What’s up at Mitchell Talks Energy with Jerry Bohnen? This week we discuss the sudden rise in gasoline prices just as the clock springs forward one hour. Why do we have to suffer this every year at the same time? Plus ‘spy’ planes and why they represent new jobs in Oklahoma!
March 14, 2024 archive
What oil and gas industry contributed to Oklahoma in 2023
A new study reveals how the oil and gas industry in Oklahoma contributed 22% to the state’s economic activity. It’s what the Oklahoma Energy Resources Board reports. Oklahoma’s oil and natural gas sector remains a crucial pillar of the state’s prosperity and is yet again the most significant source of tax revenue. A recent …
Oil up, natural gas down and OK energy stocks experienced losses
Another gain for crude oil prices on Thursday as a prediction of a tighter world market this year resulted in a nearly 2% jump for the day. At the same time, natural gas prices suffered another drop. The International Energy Agency predicted there will be an oil demand growth for the remainder of the year. …
Empire Petroleum joins ROTH investment conference
Empire Petroleum leadership plans to be a part of another investor’s conference this month. The Tulsa-based company will take part in the 36th annual ROTH Conference March 17-19 at the Ritz Carltno Laguna Nigel in Dana Point, California. Michael Morrisett, President and Chief Executive Officer will host one-on-one meetings with investors and discuss …
Public comments wanted for Oklahoma’s Transportation Improvement Program
Got an idea to improve transportation in Oklahoma? The Oklahoma Department of Transportation is looking for public input on the state’s transportation priorities for the next four years. The agency is currently seeking public comment on the Statewide Transportation Improvement Program for federal fiscal years 2024 through 2027. The STIP is a planning document …
Oklahoma and Texas wildfires the focus of a US Senate hearing
CLICK HERE to download Lankford’s remarks from Box. CLICK HERE to watch Lankford’s remarks on YouTube. As wildfire dangers eased this week in western Oklahoma and the Texas Panhandle where more than a million acres of land were burned, three persons were left dead and thousands of cattle were killed, the topic of wildfires was the focus …
Aluminum plant closure highlights major challenge of electricity costs
The January closure of a southeast Missouri aluminum plant was blamed on cold weather issues, but now there is a report blaming it really on the high cost of electricity needed to run the plant. The Magnitude 7 Metals plant in Marston, Missouri had the reported capacity to produce as much as 30% of …
Fourth quarter drop recorded by Unit Corporation but a gain for all of 2023 fiscal year
Net income and total revenues for Unit Corporation declined in the fourth quarter of 2023 but advanced for the entire year, according to an announcement by the Tulsa-based oil and gas company. Net income for the quarter totaled $57.4 million or $5.79 per share, down from the $59.3 million and $6.07 a share a …
Lankford and others critical of Biden administration over lack of agricultural exports
U.S. Sen. James Lankford joined an effort this week critical of the Biden administration failure to increase U.S. agricultural export and improve the competitiveness of U.S. products overseas. Lankford and South Dakota Sen. John Thune, Arkansas Sen. John Boozman and Idaho Sen. Mike Crapo urged US Trade Representative Katherine Tai and USDA Secretary …
Supreme Court asked to rule on Utah-Colorado oil train
The U.S. Supreme Court is being asked to settle the dispute that has stalled creation of an oil train carrying crude oil from Utah’s Uinta Basin through Colorado and eventually to the Cushing Hub in northern Oklahoma. After the U.S. Court of Appeals for the D.C. Circuit ruled in August against federal approval of …
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