January 29, 2025 archive

Zeldin confirmed as EPA Administrator

  The U.S. Senate on Wednesday confirmed former New York congressman Lee Zeldin to be the new administrator of the Environmental Protection Agency. He was confirmed on a 56-42 vote as three Democrats, Mark Kelly of Arizona, John Fetterman of Pennsylvania and Ruben Gallego of Arizona supporting his nomination. Sens. Cory Booker (D-N.J.) and Jon Ossoff (D-Ga.) abstained …

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Crude oil reaches lowest price of the year

  Crude oil prices fell to their lowest level so far this year on Wednesday after U.S. stockpiles rose more than expected. As OK Energy Today reported earlier, U.S. crude stockpiles gained 3.46 million barrels in the past week. One of the causes was a drop for the third consecutive week in refiner intake. West …

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Gains in crude oil stocks at Cushing and the US

  Gains in the amount of crude oil in storage were recorded by both the U.S. and the Cushing Hub in the most recent reporting period. The U.S. Energy Information Administration reported Cushing saw an increase of 300,000 barrels of crude oil, from 20.7 million reported the week of Jan.17 to 21 million barrels during …

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ONEOK extends oil delivery deal over Cushing Hub’s delivery

  ONEOK is sticking with an arrangement to transfer and price crude oil with a Houston-based operation rather than the Cushing Hub. The announcement this week came from Intercontinental Exchange, Inc., a leading global provider of technology and data. It stated that Enterprise Products Partners L.P.  and ONEOK, Inc. have extended their fee waiver arrangement between …

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Scott Mitchell talks energy with Jerry Bohnen and the Ethics probe of Todd Hiett

  Electeds behaving badly? It’s the topic of Scott Mitchell Talks Energy with Jerry Bohnen. They review the state Ethics Commission move to reveal it is investigating complaints against Corporation Commissioner Todd Hiett.

New Mexico’s next governor could be former Interior Secretary Haaland

  As former North Dakota Gov. Doug Burgum awaits a confirmation vote this week in the U.S. Senate, what about the woman he is expected to replace? Remember Deb Haaland, the former New Mexico congresswoman chosen by President Joe Biden to be his Interior Secretary? The 35th generation New Mexican who is a member of …

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Speaker’s anti-energy corridor resolution raises a big question

  When the Oklahoma legislature goes into session on Monday, one of the measures it will consider is House Speaker Kyle Hilbert’s proposal to fight any proposed energy transmission corridor in the state. Unanswered is whether the Speaker’s plan is to oppose an ongoing transmission project supported by Invenergy. Hilbert originally filed HCR1001 when word …

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No change in dividend announced by Alliance Resources

  Tulsa-based coal company, Alliance Resource Partners, L.P. announced its board of directors approved a 70 cent cash distribution to shareholders for the quarter that ended Dec. 31, 2024. The annualized rate of $2.80 per unit will be payable on Feb. 14, 2025. The company, considered the largest coal mining operator in the eastern part …

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Kansas farm groups want tax credit to sell more ethanol

  Kansas farm groups joined forces with energy companies this week in asking the legislature to support a $5 million annual state tax credit to encourage relucant gas station operators to sell more ethanol made from Kansas-grown crops. They see it as a move to incentivize the operators to expand distribution of E15 fuel. According …

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Legislator makes another attempt to control competitive bidding on electric transmission projects

  State Rep. Trey Caldwell is making a third attempt to create what he says is not a ROFR or Right of First Refusal bill in the legislature. Three of the measures he filed for the approaching legislative session are HB2747, HB 2751 and HB2756. The three focus on the Oklahoma Corporation Commission, competitive bidding, …

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