Pipeline operator Enbridge just wrapped up a major acquisition from Flint Hills Resources, an independent company based in Wichita,Kansas. The Canadian firm announced it will invest nearly $500 million in expansion of its pipelilne and storage assets to improve its abilities along the Gulf Coast. Already operating the biggest oil pipeline network in North …
March 2024 archive
Researcher warns Oklahoma’s “NOFER” bill could hurt consumers and run into issues with SPP and FERC
If Oklahoma moves forward with a bill that proponents contend is no longer a Right of First Refusal measure for utilities in the state, it could run into serious challenges with the electric grid manager, the Southwest Power Pool as well federal regulators. It’s the claim of one official with the Washington, D.C. based …
Fire chief dies in Texas wildfires
The wildfires that devastated the Texas Panhandle and western Oklahoma over the past week took another tragic turn this week as a volunteer fire chief in the small Texas town of Fritch collapsed and died while fighting a house fire. Reports indicate Zeb Smith suffered a medical seizure, prompting his community to call his …
Energy quick reads
** Wyoming’s Office of State Lands and Investments began holding an oil and gas lease auction this week, one that’s considered one of its smallest since 2017. The auction underscores the challenges the office (OSLI) faces with promoting a carbon-based energy program to raise revenue. ** Chevron recently revealed plans to build its first solar-to-hydrogen production facility …
ROFR or NOFR…..it’s still alive in the Oklahoma legislature as we hear in Mitchell Talks Energy
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 …
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 …