May 12, 2024 archive

The politics of a judge’s ruling against Oklahoma law in support of oil and gas

The emerging saga of how well-intended legislation for the oil & gas industry has turned out to be an economic difficulty for the entire state and especially rural Oklahoma. It’s a main topic of Mitchell Talks Energy with Jerry Bohnen.    

Vital plans to keep four drilling rigs busy during the 2Q

  In a recent SEC filing, Tulsa’s Vital Energy indicated it plans to continue operating with four drilling rigs and two completions crews for the remainder of the second quarter. Vital said it also plans between $750 million and $850 million in capital expenditures for the entire year. “However, we will contnue to monitor commodity …

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Former Mach Natural Resources executive rewarded for his work

    Last month’s resignation of Daniel T. Reineke, Jr. as an executive at Mach Natural Resources LP netted him a tidy sum. A filing with the Securities and Exchange Commission by the firm showed Reineke, who was Executive Vice President of Business Development of Mach Natural Resources GP LLC, received a lump sum payment …

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“Hot Seat” features author of study used to fight Oklahoma law designed to protect oil and gas industry

    At the heart of a fight against Oklahoma’s two year old law enacted to protect the oil and gas industry from discrimination by financial firms, is a recently-released study which contends the law is harming rural Oklahoma. It was used in the lawsuit that led last week to an Oklahoma County Judge’s ruling …

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PSO filing error leads to consumer groups wanting a restart on the utility’s $218 million rate hike request

Because of errors made when it filed a $218 million rate hike request with Oklahoma regulators, Public Service Company of Oklahoma might have to start the process over again—-if consumer groups get their way. PSO found itself before the Oklahoma Corporation Commission last week fighting efforts by the Oklahoma Industrial Energy Consumers, AARP, Walmart and …

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