December 23, 2024 archive

Worries about 2025 crude oil surplus kept prices down on Monday

  While crude oil prices fell less than half-a-percent on Monday, Oklahoma energy stocks recorded a day with gains. Trading was reported to be “thin” ahead of the Christmas holiday, according to Reuters which reported there remain concerns about a supply surplus in the coming year. Some analysts predict such a surplus will hold Brent …

Continue reading »

Energy briefs

** President-elect Donald Trump is set to overturn a ban on some US exports of liquefied natural gas, or LNG, in a boon for US energy producers. ** –Hyliion Holdings Corp., an Austin, Texas developer of sustainable electricity-producing technology, announced it has been awarded a $6 million grant from the U.S. Department of Energy’s (DOE) Methane …

Continue reading »

Legislators get appointments to state House energy committees

  Members of the Oklahoma House received their committee appointments this week. Energy Committee and Utilities Committee appointments were among them, according to the announcement by House Speaker-Elect Kyle Hilbert. The Energy Committee will be led by Chair – Rep. Nick Archer, R-Elk City; Vice Chair – Rep. Ken Luttrell, R-Ponca City. The Utilities Committee …

Continue reading »

Research shows improved efficiency enabled record U.S. crude oil production from fewer rigs

  Just because there are fewer oil rigs actively drilling for new crude oil in the U.S. doesn’t mean there is less oil production. It’s been confirmed by researchers at the U.S. Energy Information Administration which released November production numbers this week. Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska …

Continue reading »

Williams runs into opposition over Transco expansion

    The Williams Cos. is running into some opposition in North Carolina over its plans to expand the Transco natural gas pipeline. Residents of the city of Oak Ridge recently spoke against the Tulsa-based company’s Southeast Supply Enhancement project that is also opposed by the Sierra Club which is mobilizing opposition. Plans were unveiled …

Continue reading »

Lithium developer buys site for plant in Muskogee

  Lithium battery developer Stardust Power Inc. announced its acquisition of a 66-acre site in Muskogee as it prepares to construct what it described as “one of North America’s largest lithium refineries.” Headquartered in Connecticut, the company called it a key acquisition that marks another significant milestone for its operations. The acquisition positioned Stardust Power …

Continue reading »

DEQ wants input on proposed rules

  The Oklahoma Department of Environmental Quality (DEQ) is requesting stakeholder input in advance of policy development. Input is requested by February 3, 2025. DEQ is requesting input on policies that will be incorporated into state rules and, eventually, state 111(d) plans. Documents clarifying the requests for input are now available: Oil and Natural Gas Sector …

Continue reading »

Kansas Governor makes water protection a major goal in 2025

    When the Kansas legislature convenes in early 2025, Representatives and Senators will face some pressure from Gov. Laura Kelly to do something about—-water. In a recent interview with the Kansas Reflector, she said she want the coming legislature to “broaden commitment to a bipartisan, multigenerational investment in protection of the state’s water supply.” …

Continue reading »

Gulfport’s latest share buyback effort totaled $13 million

  Gulfport Energy just announced a buyback of nearly $13 million in shares from stockholder, Silver Point Capital, L.P. as part of its $1 billion buyback effort. The Oklahoma City energy company said the purchase agreement was made Dec. 19 and in the deal, Gulfport agreed to purchase 79,410 shares at a price of $162.81 …

Continue reading »