Electric vehicle owners in Texas are up in arms after the the state Senate just passed a bill to tax them with a $200 registration as part of an effort to fund the Texas highway infrastructure. Gasoline taxes pay for maintenance of the highways and EV owners contend their proposed tax is “punitive” reported …
Category: Oil & Gas
US and world energy headlines
** According to the Environmental Protection Agency’s (EPA) Toxic Release Inventory — a list of self-reported toxic chemical emissions — more than 428,000 pounds of vinyl chloride were released into the air by 38 industry facilities last year. ** A Gallup poll, released Monday, found the share of Americans who describe the energy situation as “very serious” has …
Oklahoma energy stocks gained Monday while crude oil fell
Oklahoma energy stocks scored strong gains in Tuesday’s trading while oil prices settled lower nearly $1 a barrel. Concern about more interest rate hikes were the problem as investors think they would slow demand. West Texas Intermediate crude fell 94 cents or 0.1% to $79.74 a barrel on the New York Mercantile Exchange. Global …
Four Western states seek hydrogen hub funding
Colorado, New Mexico, Utah and Wyoming and the Western Interstate Hydrogen Hub they formed, became the latest states to file an application for a $1.25 billion grant from the US Energy Department for hydrogen development. Oklahoma, Arkansas and Louisiana filed a similar request as part of the national Regional Clean Hydrogen Hubs plan to …
Newest wells in Oklahoma
Mewbourne Oil reported completion of another well drilled in western Oklahoma. The Oklahoma City company completed the Jeffery Dale 21/16 Nd 1hc in December of 2022 at a site located at 28 20N 23W which is several miles northeast of Arnett. Production was 614 barrels of oil a day and 1,302 Mcf of natural gas …
Vital releases update on coming 1Q financial report
Ahead of its planned first quarter financial report to be released in May, Tulsa-based Vital Energy issued an update this week on its anticipated first-quarter expected average production and incurred capital investments. The company stated its first quarter total production averaged 80.2 thousand barrels of oil equivalent a day which was above the guidance …
Other energy headlines
** The U.S. Environmental Protection Agency is set as early as next week to propose new rules to spur sweeping cuts in vehicle emissions pollution that will push automakers towards a big increase in electric vehicle sales, sources told Reuters. ** Two former U.S. ambassadors are sounding the alarm on the increasing number of green energy projects nationwide being developed with the involvement …
Anti-ESG bill approved by Kansas legislature
Kansas could join Oklahoma and Texas and a handful of other states in approval of an anti-ESG bill when it comes to investments in the pension funds of teachers and government workers. The legislature passed such a bill, very similar to Oklahoma’s which prohibits pension funds from using environmental, social and governance factors in …
More fines issued in New Mexico for emissions violations
New Mexico regulators fined six oil and gas operators for excessive air pollution emissions and the total was nearly $2 million. The state’s Oil Conservation Division announced it issued the notices of violations to the companies for illegal venting and flaring practices that occurred in 2022 reported the Carlsbad Current-Argus. Click here for Current-Argus. …
WSJ reports Exxon Mobil is in talks to acquire Pioneer Natural Resources
If the Wall Street Journal is correct, Exxon Mobil Corp. is in the market to possibly acquire Pioneer Natural Resources. The paper reported Friday there have been preliminary talks between the two as Exxon Mobil is considering a move to buy the $49 billion-market cap Pioneer company. It’s another sign that Exxon is looking …
