Author's posts
Rep. Lucas gets his wish about slow movement from Democrats
More than two weeks after Oklahoma congressman Frank Lucas complained about the lack of movement by Democratic leadership in a conference committee on technology, things got going this week on capitol hill. Despite the criticism from Rep. Lucas, the ranking member on the House Science, Space and Technology Committee, the Democratic chair, Rep. Eddie …
Mammoth Energy’s 2Q earnings release date set
The first quarter financial results of Oklahoma City-based Mammoth Energy Services will be released early in May as investors await news whether there might be a turnaround in the company’s finances. The company announced this week that it intends to make the results known after the close of markets on May, May 9. Company …
Blueknight dividend declared as 1Q financials are to be released
A quarterly cash dividend was declared this week by Blueknight Energy Partners, L.P. The Tulsa company announced its board of directors of the general partner declare a distribution of $0.0425 per common unit and a cash distribution of $0.17875 per preferred unit for the quarter that ended March 31, 2022. In both cases, the …
Cushing crude oil supplies slipped in past week
The amount of crude oil held in the Cushing hub in Oklahoma continued to decline in the past week according to the latest report from the government. The U.S. Energy Information Administration reported Wednesday that Cushing’s supply totaled 26.2 million barrels as of April 15, 2022, down 0.2 million from the 26.3 million barrels …
Governors say Biden’s labor order will only hurt the construction industry
Oklahoma Gov. Kevin Stitt and 15 other Republican governors are asking President Biden to reverse a Labor agreement order that increased wages for federal infrastructure jobs, an order they say will only harm the country’s economy. The order requires projects above $35 million to use labor agreements, something Biden said would guarantee the projects …
Iowa gas stations soon to be required to sell higher blends of ethanol
Iowa is about to get a new law requiring most gas stations in the state to sell higher ethanol blends. The Iowa House and Senate approved the measure this week, sending it to Gov. Kim Reynolds who immediately said she would sign it into law reported the Iowa Capital Dispatch. Click here for Iowa …
Discussion grows of another oil boom coming in Texas
Is there really a Texas oil boom coming again? It’s the speculation tossed around in an article this week by the Texas Monthly. Headlined, “A New Texas Oil Boom is Coming, Finally,” the article explores how the the hesitancy by investors to put more money into expanded oil and gas exploration might finally be …
Regulators accused of secret meetings in New Mexico
New Mexico regulators face accusations of violating the state’s open meeting law by holding secret deliberations about the sale of the Four Corners Power Plant to the Navajo Nation. The Albuquerque Journal reports the claim comes from the New Mexico Business Coalition. Click here for Albuquerque Journal
New look for AWACS? It’s coming soon
Sometime in the not-too-distant future, the AWACS planes based out of Tinker Air Force Base and flying over Oklahoma will have a new and noticeable look. Instead of rotating dome we’re used to seeing, it will have a “wedgetail” look. The Air Force announced this week it intends to replace part of the E-3 …
Headlines of US and world energy stories
** Sen. Joe Manchin (D-W.Va.), the Senate’s key swing vote, met with lawmakers from across the ideological spectrum Monday evening as part of a new push for bipartisan climate change legislation. ** The Biden administration finalized a rule aimed at phasing out inefficient lightbulbs, reversing a Trump-era policy. The new standards, which ban the production and sale of new bulbs …