President Trump’s phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy to end their war sent crude oil prices down more than 2% on Wednesday. Oklahoma energy stocks took the downhill road too. Trump promised during his campaign to end the war. The fighting between the two countries was responsible for …
February 12, 2025 archive
Mitchell Talks Energy with Jerry Bohnen— a major legal move in 2021 winter storm claims of price gouging
The Kansas AG dismisses a huge lawsuit stemming from the 2021 winter storm. How might it affect what the Oklahoma AG is doing in the same arena? Plus the legislature is about to make another push for a ROFR. Oklahoma’s top energy and law expert explains why ROFR’s hurt consumers and run counter to …
Permian Basin lizard in peril?
Protectors of a small lizard in the Permian Basin of West Texas and Southeast New Mexico are worried the energy decisions of the Trump administration will put the creature in danger…maybe of extinction? Under the Biden administration, the dunes sagebrush lizard that inhabits the largest oil producing region in the country gained protection under …
More crude oil is held in storage in U.S. and Cushing Hub
Crude stock gains were recorded across the U.S. and at Oklahoma’s Cushing Hub in the past week, according to the most government figures released this week. The U.S. Energy Information Administration recorded a 4.1 million barrel gain for the U.S. from 423.8 million barrels the week of Jan. 31 to 427.9 million barrels as …
Gulfport’s 4Q earnings report coming in late February
After a third quarter in which it reported a $14 million net loss, Oklahoma City’s Gulfport Energy Corporation prepares to release fourth quarter results later in the month. The release of the quarterly and full year 2024 financial and operating results will be made after the close of markets on Tuesday, Feb. 25. A …
Broadband budget to fall under eyes of legislative committee
A state House Committee will meet Thursday to carry out an agency performance review of the Oklahoma Broadband Office. The Review will be by members of the House Appropriations and Budget Finance Subcommittee during its 1:30 p.m. meeting. When: Thursday, February 13, 2025 01:30 PM Where: Room 450 Agenda: 1. Welcome and Introductions 2. HB1248 – Revenue …
Energy briefs
** The Trump administration says Japan is interested in purchasing fuel from the proposed Alaska liquefied natural gas pipeline and export terminal project, if it is built. ** Exxon Mobil projects its new acquisitions in the Permian Basin will enable it to increase oil and gas production up to 50% by 2030. ** A California petroleum refinery continues to investigate …
New appointment at OERB
A new addition to the 21-member Oklahoma Energy Resources Board of directors was named this week. Chuck Walton, with EOG Resources, is a Division Land Manager and has more than 20 years of experience as a Landman. He joined EOG Resources in 2007 and started his career as an Independent Landman before he was …
Growing legislative bills could lead to expansion of Corporation Commission
Oklahoma Corporation Commissioners were told this week if the number of legislative bills dealing with eminent domain, land and other issues directly related to the agency become law, there might be a need to create a new division within the agency. Administrator Brandy Wreath made the suggestion Tuesday in response to a briefing by …
Transmission line eminent domain fight leaves Supreme Court with no decision to make
The Oklahoma Supreme Court decided this week on another eminent domain case involving landowners and a major transmission line. The ruling concerned the eminent domain used by Transource as it attempted to develop the Sooner-Wekiwa Project, a new overhead electric transmission line 76 miles in length from OGE’s Sooner Substation in Noble County to …
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