** Energy Secretary Chris Wright railed against clean energy tax credits Tuesday, defending the Trump administration’s efforts to increase manufacturing powered by coal, natural gas and oil. ** The Trump administration plans to open Arctic waters off Alaska’s coast to offshore oil and gas leasing even though high costs and logistical challenges have foiled past attempts to drill there. …
Category: Oil & Gas
Kansas regulators deal with controversial energy bill opposed by Oklahoma regulators
A plan by Evergy, the largest utility in Kansas, to build two new natural gas plants that stemmed from a year-old controversial state law similar to bills in the Oklahoma legislature, is drawing opposition before Kansas regulators. The Kansas Reflector reported industrial and commercial energy users voiced concerns about higher costs as a …
South Dakota regulators reject large carbon capture project
Another setback for Summit Carbon Solutions, the company wanting to build a several-state carbon capture pipeline in the Upper Midwest. South Dakota regulators voted this week to deny the company’s permit application, calling it “not viable” in a 2-1 vote. Summit is a company that had the support three years ago of Continental Resources …
Halliburton worries about lower oil prices
Halliburton came out with a warning this week that tariffs and lower oilfield activity in North America will likely have a harmful impact on second-quarter earnings. Halliburton and other large oil producers contend they need at least $65 a barrel prices in order to make a profit. But prices are hovering under $64 a …
Big gains in OK energy stocks and oil prices after new santions announced against Iran
Nearly all Oklahoma energy stocks were in positive territory Tuesday as crude oil prices rose more than $1 a barrel just one day after they had started the week down. At least one Oklahoma energy stock gained 10% while others were 6% and 8% higher. The price gains came after new U.S. sanctions against …
Corporation Commissioners blast Rep. Trey Caldwell
If State Rep. Trey Caldwell, R-Faxon and some lobbyists at the capitol aren’t feeling the heat, they should be after being blasted Tuesday by Corporation Commissioners who came out against two bills promoted by Caldwell and turned up the heat. They took up SB998 and HB2747 and in pointed comments aimed at Caldwell and utility …
BlackRock investments revealed in Vital Energy
A recent Securities Exchange Commission filing shows BlackRock Inc. is a holder of nearly 11% of the shares in Vital Energy Inc. of Tulsa. The Schedule 13G filing indicated BlackRock owns 10.9% of the company’s public shares. The total owned by BlackRock amounts to 4,147,879 shares. BlackRock was one of the firms targeted when …
AG responds—again—to latest charges from Treasurer
We’ve lost track of which round it is in the political spat between Treasurer Todd Russ and Attorney General Gentner Drummond. But as we reported earlier Tuesday that Russ came out swinging again and accused Drummond of “trampling constitutional boundaries”, the Attorney General responded in kind later in the day with a statement. …
Impact of Winter Storm Uri lingers in courts
Four years after Winter Storm Uri left Oklahomans with billions of dollars in long-term utility payments, the storm is still with us. One of the latest examples is a lawsuit between HF Sinclair Refining and Marketing, LLC and NextEra Energy Marketing LLC. Their fight stems from a natural gas contract dispute arising from the …
Devon Energy unveils plans to improve business operations
Improved business operations that will add $1 billion a year in improvements for Devon energy were announced Tuesday by the Oklahoma City-based oil and gas company. It said its business optimization plan will improve margins and capital efficiency, growing free cash flow generation and driving significant shareholder value. “I’m excited to announce the details …