It’s one thing to talk about hydrogen fuel development in her state, but New Mexico Gov. Michelle Lujan Grisham put words into action. She’s leading a delegation to an industry summit exhibition in the Netherlands this week seeking the “opportunity to sell New Mexico as a dynamic and thriving place for hydrogen industry …
May 2024 archive
Corporation Commissioners to consider support of State Auditor for competitive bidding
The Oklahoma Corporation Commission isn’t finished with its questions how a recent critical report by the State Auditor might affect the agency’s contracts with certain vendors, contracts given without competitive bidding. When commissioners meet Tuesday, they intend to delve deeper into the matter of the allegations made by State Auditor Cindy Byrd against …
Energy briefs
** The Biden administration is expected to announce new tariffs on Chinese electric vehicles this week, extending Trump-era policies aimed at boosting domestic manufacturing. ** Ohio Sen. Sherrod Brown is joining Sen. Joe Manchin to back a resolution to repeal rules allowing some Chinese-made battery parts to qualify for U.S. electric vehicle tax credits. ** A federal judge denies …
Gas prices slip in Oklahoma but only four counties have averages less than $3 a gallon
Gasoline prices quietly fell 7 cents a gallon in Oklahoma over the past week, reaching a statewide average of $3.11 per gallon according to AAA Oklahoma. That’s more than $2 less than what drivers are paying on average in California. Oklahoma’s average is 13 cents less than the $3.24 average a month ago …
ONEOK spends $280 million to buy NGL pipeline in Texas
ONEOK, Inc. announced that it has agreed to acquire a system of natural gas liquids (NGL) pipelines from Easton Energy, a Houston-based midstream company, for approximately $280 million, subject to customary purchase price adjustments. The transaction includes approximately 450 miles of NGL pipelines located in the strategic Gulf Coast market centers for NGLs, refined …
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 …
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 …
“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 …
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 …