Data source: U.S. Energy Information Administration, Refinery Capacity Report A report by the U.S. Energy Information Administration points out U.S. refinery capacity grew by 2% last year. It amounted to an increase of 324,000 barrels a day accordingto the EIA’s recently published Refinery Capacity Report. Every year, refiners in the United States report their capacity as of …
June 2024 archive
Nearly 12,000 renewable energy projects stalled by bureaucracy
A growing complaint by renewable energy developers across the country is the amount of time it takes to put their projects on line. Their main roadblock is bureaucracy. Rules and regulations. Red tape and of course in some cases, opposition by landowners and residents. A recent annual report by the Lawrence Berkeley National Laboratory stated …
Empire’s shareholders take care of business at annual meeting
Stockholders of Tulsa-based Empire Petroleum took care of business this week at their annual meeting. A total of 29,755,906 shares of the Company’s common stock were entitled to vote as of April 22, 2024, the record date for the Annual Meeting. There were 22,783,040 shares present, in person or by proxy, at theAnnual Meeting (or …
Oldest continuously running wind turbines in Nebraska are coming down
Nearly a quarter of a century after they were installed, the oldest continuously operating wind turbines in Nebraska are coming down. The two 290-foot-tall-turbines along I-80 near Lincoln were installed in 1998 and 1999 by Lincoln Electric System. They are outdated and being replaced by wind power provided by wind farms in Oklahoma, Kansas …
Lankford and Mullin offer support for advancement of more nuclear power
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were part of the U.S. Senate’s overwhelming approval of what is described as a “major energy bill” that could mean more approval of more nuclear power to be built across the country. The vote Tuesday was 88-2 and Lankford and Mullin were among the 88 senators …
Energy briefs
** A union that represents Environmental Protection Agency (EPA) employees issued its first political endorsement Tuesday: Supporting President Biden’s reelection. The union, the American Federation of Government Employees (AFGE) Council 238, represents 8,000 EPA employees, including engineers, lawyers and inspectors. ** Leaders of five national environmental organizations criticized New York Gov. Kathy Hochul’s (D) controversial decision to …
Texas Supreme Court sides with state regulators over 2021 winter storm decision
The Texas Supreme Court has ruled state regulators did not exceed their authority in setting historically high electricity utility rates during the 2021 Winter Storm Uri, a storm that not only killed more than 200 people in Texas but also saw the nation’s highest natural gas prices in Oklahoma. It was a 7-0 …
Bingman wins GOP primary in race for Oklahoma Corporation Commission
Former state Senator Brian Bingman walked away Tuesday with the Republican nomination for Corporation Commission, receiving more than 53% of the more than 236,000 votes cast in Oklahoma’s only state-wide election in the primary. As of 9 p.m. Tuesday, two hours after the polls closed, Bingman, who resigned last fall as Secretary of State …
Chesapeake Energy and Southwestern Energy shareholders approve merger
Shareholders of both Chesapeake Energy of Oklahoma City and Southwestern Energy of Houston, Texas voted overwhelmingly Tuesday to approve the proposed more than $7 billion merger of the two companies. The merger was announced in January and went to a vote of shareholders of each company. The Federal Trade Commission still must sign off …
More gains for crude oil prices but not so much for OK energy stocks
Tuesday was another day of gains for crude oil prices as they rose by more than 1%, thanks to growing tensions in Europe and the Middle East as the wars in Ukraine and Gaza remain a threat to global supply. West Texas Intermediate crude, the U.S. benchmark, rose $1.24 or 1.5% and settled at $81.57 …