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 …
October 2024 archive
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 …
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 …
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. …
Energy briefs
** Striking Boeing machinists rejected a proposed contract that would have ended a costly 41-day work stoppage. The machinists, represented by the International Association of Machinists and Aerospace Workers (IAM), turned down a deal that includes a 35 percent wage increase over the next four years, a $7,000 ratification bonus and improved retirement offerings. ** Nearly 80 …
Growing demand for electricity has NextEra looking into restarting Iowa nuclear plant
A restart of its nuclear power plant in Iowa? It’s what NextEra Energy is considering. Known for its wind and solar operations, the company is exploring a possible restart of a nuclear power plant it once operated in the state. The company started talks with the Nuclear Regulatory Commission because of the jump in …
Colorado congresswoman blasts Biden-Harris over sage grouse
Even though she’s facing a tough re-election campaign, Colorado Congresswoman Lauren Boebert is using her time in the U.S. House to continue attacks on the Biden-Harris administration. Her latest? Going after the government for plans to protect what she calls an “ugly” animinal in Colorado—the Gunnison sage-grouse, a bird designated as “threatened” under the …
Mitchell Talks Energy with Jerry Bohnen
What’s the topic of the latest Mitchell Talks Energy with Jerry Bohnen? How about the lawsuit filed against the State Treasurer where he and his Chief of Staff are accused of withholding information in an Open Records request? The request focused on information sought concerning the Oklahoma Energy Discrimination Elimination Act.
Crude oil finished down on Wednesday following surprise gain in US inventories
After two consecutive day of price gains, crude oil dropped Wednesday, largely due to an increase in U.S. crude inventories. The increase was more than expected as refining activity rebounded, according to Reuters. West Texas Intermediate crude fell 97 cents or 1.35% to $70.77 a barrel on the New York Mercantile Exchange. Brent crude finished …
U.S. crude oil stocks made big gain in past week while Cushing Hub totals dropped
The nation’s crude oil stocks recorded a gain of more than 5 million barrels of oil in the past week, according to an announcement by the U.S. Energy Information Administration. The total storage soared from 420.5 million barrels recorded on Oct. 11 to 426 million barrels as of Oct. 18, a gain of 5.5 …