February 2025 archive

Lankford supports bill to end EV tax credits

  Oklahoma U.S. Sen. James Lankford was among those who supported legislation filed this week to bring an end to EV tax credits. The measure, as filed by Sen. John Barrasso of Wyoming, the Senate Majority Whip, stops taxpayer money from subsidizing luxury electric vehicle for high-income individuals and corporations. The Eliminating Lavish Incentives to Electric …

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Bice offers legislation to end land sales to foreign adversaries

    U.S. Rep. Stephanie Bice isn’t giving up on her efforts to do something about Chinese firms from buying U.S. farmland. This week, the Oklahoma congresswoman reintroduced the Stop China’s Continuous Purchase (CCP) of Land Act, legislation designed to safeguard American agricultural land from foreign adversaries. “Americans should own American land, not foreign adversaries,” explained …

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Energy briefs

** EPA Administrator Lee Zeldin announced Wednesday that he’s found $20 billion in taxpayer money that the Biden administration “parked” at a financial institution — in an apparent effort to hide the dollars. “This scheme was the first of its kind in EPA history, and it was purposefully designed to obligate all of the money in …

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Williams Cos. recorded 2024 earnings decline

  Fourth quarter and 2024 earnings for Tulsa’s Williams Cos. came in lower, according to an earnings report released by the company. Williams had $2.2 billion in net income for all of its 2024 operations. While that sounds like impressive numbers, the income decreased by $1.051 billion compared to the previous year. The company explained …

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Texas asks new EPA Administrator for help in carbon capture projects

  Oil and gas groups along with industrial firms  in Texas want some help from the new EPA administrator in approval of carbon capture projects in the state. They’re wanting the state, rather than the Environmental Protection Agency, to approve projects that might boost private investment and help develop capture technology. According to Reuters, the …

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One Oklahoma wind farm operator recorded hit in revenue

  ALLETE, Inc., one of the wind farm operators in Oklahoma and based in Minnesota had some of the wind taken out of its sails as it reported a drop in 2024 earnings of $3.10 per share on net income of $179.3 million. The drop was attributed to its western Oklahoma wind farm operation. It …

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New executive named at Expand Energy Corps.

Oklahoma City’s Expand Energy Corporation announced an executive promotion this week reaching out internationally and naming Dan Turco as the new Executive Vice President, Marketing & Commercial, effective February 18, 2025. “With nearly two decades of experience in global upstream natural gas marketing and trading, Dan is a key addition to our team as we …

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Russian peace prospects sent crude and OK energy stocks down

  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 …

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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 …

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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 …

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