In this episode of Mitchell talks energy with Jerry Bohnen, we dispel the notion that legislation ever truly ever ‘dies’ and why reporters keep making that erroneous statement. Plus more on the latest ‘deadline’ week.
Category: Oil & Gas
U.S. oil and gas rig numbers remain constant
The U.S. oil and gas rig activity held mostly steady over the past week as the latest Baker Hughes Rig Count showed a decline of only one rig, leaving a total of 592 active through the country. Oklahoma held steady at 53 rigs, 9 more than the 44 rigs reported one year ago. The …
Energy briefs
** President Donald Trump’s repeated interest in taking control of Greenland has not gone unnoticed in Russia. During a Thursday speech, Russian President Vladimir Putin said he considered the U.S. interest in Greenland to be serious, pointing to past efforts to acquire the territory. Greenland has massive deposits of rare minerals that are critical to global …
Startup lithium miner Stardust Power releases annual report showing loss
Just a few months after breaking ground on the 66-acre site of a lithium mining operation near Muskogee, Stardust Power Inc., the startup company headquartered in Connecticut reported nearly $24 million in losses for the year 2024. The company released it financial report in recent days and said it incurred a net loss of …
Crude oil prices and OK energy stocks plunged on Friday
Growing worries about the U.S. tariff wars sent crude oil prices falling on Friday. Oklahoma energy stocks finished the week with a poor day in trading as one firm plunged 27%. However, both WTI and Brent were still able to make gains for a third consecutive week, largely because of new pressure by the …
Regulators affirm interim OGE rates adopted last summer
The Oklahoma Corporation Commission (OCC), on a vote of 2 to 1, approved the interim OG&E rates the utility has been charging customers since July 1, 2024. “It’s important to note this is not a new rate increase,” said Oklahoma Corporation Commission Chairman Kim David. “The approved rates are substantially lower than the increase …
Crude oil made slight gains on Thursday
A slight gain in crude oil prices on Thursday came as the market was affected by the tightening of crude supplies combined with new U.S. tariffs. West Texas Intermediate rose 27 cents to $69.92 on the New York Mercantile Exchange. Brent crude went up 24 cents or 0.3% to settle at $74.03 a …
Energy bills get House approval including a long-term effort on a utility measure
Oklahoma’s House of Representatives had a busy Energy Day on Wednesday, passing a number of energy related bills, including the debated HB2747. As promoted and authored by Rep. Trey Caldwell (R-Faxon), the bill focused on transmission projects and the ownership of the projects by utilities. Caldwell has repeatedly denied the measure is a Right …
The US remains the world’s largest exporter of LNG
A federal government report offers some supportive details about why Oklahoma members of congress and the oil and gas industry was so upset about the 2024 decision by President Biden to freeze LNG exports. The U.S. Energy Information Administration reports the U.S. exported 11.9 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) …
Energy briefs
** President Donald Trump said on Thursday that larger tariffs could be placed on the European Union and Canada if they both work together “to do economic harm to the USA.” On Wednesday, Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war and prompting criticism and threats of retaliation from affected U.S. …