Category: Oil & Gas

Stop the Green rally attendees have support from Trump

  Those green energy opponents who attended a Stop the Green rally at the capitol in Oklahoma City certainly have an ally in President-elect Donald Trump. Even as they rallied Tuesday, Trump was vowing to oppose all new wind energy production once he takes office later in the month. Speaking to reporters, he said, “We’re …

Continue reading »

$750 million in acquisitions made by Plains All American

  Plains All American Pipeline expanded its holdings in the Permian and Eagle Ford Basins with three bolt-on acquisitions by $750 million in deals. “These transactions further enhance Plains’ crude oil footprint in the Permian, Eagle Ford and Mid-Con at returns consistent with our bolt-on framework and provide incremental return of capital opportunities for our …

Continue reading »

Legislator vows a fight against “green energy” insanity

  One of the legislators who addressed a Stop the Green rally held this week at the state capitol admitted he ran for the legislature because of what he called the “green energy” insanity. Rep. Jim Shaw of Chandler said an industrial wind project proposed near his home and property sparked his desire to enter …

Continue reading »

Group says poll shows majority of Oklahomans oppose utility ROFR

    A recent poll regarding proposed Oklahoma legislation that would increase incumbent utility control over the state’s electric power grid shows that voters continue to show very little support for the concept. Conducted by national polling firm TargetPoint Consulting during the period of December 2-7, 2024, the poll found that a supermajority of voters …

Continue reading »

Improved revenue collections in Oklahoma during December

Oklahoma’s latest gross receipts report highlights a significant improvement in revenue collections for December 2024 compared to the previous month. The report showed a nearly 19% gain in gross production tax revenue on oil and gas operations. While year-over-year numbers are slightly down, the month-over-month growth of 17 percent reflects positive economic momentum heading into …

Continue reading »

Energy briefs

** Although Tesla held the title of most vehicles recalled for 2024, Ford Motor Company was hot on its heels with the number two spot, reported The Manual. In one of its most recent recalls filed with the NHTSA, the Blue Oval added nearly 300,000 more vehicles to that total (which still leaves Tesla roughly half …

Continue reading »

Crude oil made gains on limited supplies from Russia and Iran

  Energy needs around the world, ranging from limited supplies from Russia and Iran and anticipated higher demand from China drove crude oil prices higher on Tuesday. The small amounts of oil coming from Iran and Russia are due in part to U.S. sanctions against the two countries. Here’s what happened. U.S. benchmark West Texas …

Continue reading »

Blackrock to exit Net Zero coalition? If so, what will be impact in Oklahoma?

  Oklahoma officials who targeted BlackRock a few years ago with the creation and adoption of the Oklahoma Energy Discrimination Elimination Act might consider revisiting the 2022 law, also known as House Bill 3034. On the other hand, the creators of the act might also be slapping themselves on the back, taking credit for applying …

Continue reading »

Stop the green scam rally goers urged to fight, fight fight

  Taking a cue from a wounded Donald Trump’s “fight, fight, fight” rallying cry after he was wounded by a sniper last year, Oklahoma Rep. Molly Jenkins told a “Stop the Green” rally at the state capitol Tuesday, “This fight is far from over—fight, fight, fight!” It brought cheers and applause from those who gathered …

Continue reading »

Energy briefs

**  Electric utilities serving the Northeast ask federal regulators to enact gas pipeline reliability requirements to ensure power plants have enough fuel to keep the lights on. ** The Pentagon announces plans to blacklist Chinese company CATL, the world’s largest EV battery maker that supplies Tesla and is partnering with Ford on a $3.5 billion Michigan battery plant. …

Continue reading »