For those who think there might be more pipelines built to carry crude oil out of the Permian Basin of West Texas, top executives of two major pipeline operations are pouring cold water on those beliefs. It’s what came out of a recent Houston energy conference where Enterprise Products Partners co-CEO Jim Teague revealed …
October 2024 archive
Air Force studies possibility of geothermal power at Air bases
If an experimental nearly $2 million project is successful, it might lead to geothermal energy for the Air Force at its bases across the U.S. The Department of Air Force recently awarded a contract to Sage Geosystems to see if Geopressured Geothermal Systems could provide power to bases. The demonstration project will be built …
Energy briefs
** The Federal Energy Regulatory Commission gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy in March, according to a Federal Energy Regulatory Commision filing. ** Valero Energy …
Power grid seeks experts to help with major transmission projects
The Southwest Power Pool, the group that controls the 14-state power grid, including Oklahoma, wants to create a pool of industry experts to be used for major transmission projects encouraged by the federal government. In an announcement about the move, the SPP said the experts may be chosen to serve on an independent panel to …
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 …
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 …
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. …
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 …
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 …
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 …
