October 24, 2024 archive

Crude oil prices slipped Thursday causing gains for most OK energy stocks

  Another slip in crude oil prices. They fell about 1% on Thursday, largely due to reports the U.S. and Israel might try to resume talks for a possible ceasefire in Gaza. According to Reuters, prices were up more than $1 a barrel due to concerns the fighting in the Middle East might result in …

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Legislators dig into vehicle tax discrepancies

Rep. Jim Grego, R-Wilburton, this week led an interim study examining criteria used by the state of Oklahoma to determine the retail value of vehicles for tax purposes. The study took place Oct. 23 before the House Appropriations & Budget Subcommittee on General Government at the State Capitol. “This issue was brought to my attention …

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Remember the Corporation Commission race?

  While much of the political campaign focus has been on the Presidential race, Oklahoma voters will go to the polls in less than two weeks to choose a new Corporation Commissioner. Forget about that? Three candidates are vying to replace Commissioner Bob Anthony who served 36 years in the office and is term limited. …

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Manufacturing activity dipped again in Oklahoma and other states according to Kansas City Federal Reserve Bank survey

  Another decline in manufacturing activity was reported in the Tenth District of the Federal Reserve Bank of Kansas which includes Oklahoma and parts or all of six other states in the Midwest. According to Megan Williams, survey manager, the October survey revealed that Tenth District manufacturing activity declined modestly this month, while expectations for …

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AG Drummond extends fight with EV truck mandate from Biden-Harris Administration

    Calling it an “outrageous edict,” Attorney General Gentner Drummond has filed a brief in the U.S. Court of Appeals for the D.C. Circuit to stop the Biden-Harris Administration from imposing a far-reaching electric-vehicle mandate on truck manufacturers. In April, the Environmental Protection Agency (EPA) published a rule imposing stringent tailpipe emissions standards for …

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Colorado now No. 2 for EV adoption

    Colorado has clawed its way to second place in the U.S. for electric vehicle adoption. Only behind California, Colorado’s takeover of the spot came  because of what some describe as “dirt-cheap leases” on plug-in cars. Colorado Public Radio reported the standing was revealed in a new report from Colorado Automobile Dealers Association which …

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US shale natural gas production down so far in 2024

According to a new report by the government, U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023. If this trend holds for the remainder of 2024, it would mark the first annual …

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Study finds increased costs for solar and wind construction but lower for natural gas

  The average U.S. construction costs for solar photovoltaic systems and wind turbines in 2022 were close to 2021 costs, while natural gas-fired electricity generators decreased 11%, according to recently released data from the U.S. Energy Information Administration. Average construction costs for solar generators increased by 1.7% in 2022, and for wind turbines they increased …

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PHX to announce quarterly earnings report

    When PHX Minerals Inc. based in Fort Worth, Texas announced its second quarter results in August, it pointed to quarter over quarter increased production from its asset base. Now the company investors wait to learn if it continued as the firm prepares to release its latest quarterly results on Wednesday, Nov. 6. The …

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Oklahoma legislators intent on improving state’s anti-ESG law

  Some Oklahoma legislators indicated this week they’re not giving up on making improvements to Oklahoma’s anti-ESG law—the one temporarily suspended while the state appeals a district Judge’s ruling. The Oklahoma Energy Discrimination Elimination Act, adopted in 2022, was the focus of a Wednesday interim study by some legislators. The Oklahoma Watch covered the event. …

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