The Oklahoma Transportation Commissioners made quick work Monday of approving a new firm to build part of Oklahoma’s EV charging network mandated by the federal government. The National Electric Vehicle Infrastructure or NEVI charging infrastructure contract was awarded to EVgo to locate part of the network along Interstate 44. Commissioners voted unanimously to approve …
Category: Oil & Gas
States sue BlackRock and others for financial discrimination of coal
BlackRock and two other financial firms have been taken to court by Texas and 10 other states accusing them of violating antitrust law by using their climate activism to reduce coal production and at the same time boosting energy prices. It’s a lawsuit very similar to the anti-ESG laws created by Oklahoma, Texas and …
Will Oklahoma’s share of more than $1 billion for cleaner highway construction be approved in a Trump administration?
Questions are being raised whether the $1.2 billion in grants to Oklahoma and 36 other states in November to make use of cleaner asphalt, concrete, glass and steel for highway projects will actually be funded in a Trump administration. Oklahoma is set to receive $31,933,577 and the same amount was awarded to Kansas, Missouri …
Energy briefs
** Boeing’s CEO is cutting private jet use for executives to reduce costs. The company directed executives to fly economy on commercial flights instead. Boeing is searching for ways to save money after a rough year. ** Tyson Foods on Monday announced to employees it would close its facility in Emporia, Kansas in February 2025. The plant …
Petroleum group loses court fight over New Mexico’s climate change efforts
New Mexico’s regulatory crackdown on the state’s prolific oil and gas industry has been upheld by the state Court of Appeals in a legal fight with the Independent Petroleum Association of New Mexico. The fight focused on a 2022 rule created by state regulators to curb pollutants that create ground-level ozone. The rule had …
Oil and gas plays see steady drilling activity
Drilling in the Permian Basin remains steady, based on figures from the latest Baker Hughes rig count. The report showed 303 oil and gas rigs were active in the basin of West Texas and southeast New Mexico. It was the highest count in all of the nation’s various shale plays. The Eagle Ford …
Crude oil supplies slipped again at Cushing Hub and the US
Both the Cushing Hub in northern Oklahoma and the nation’s crude oil supplies dropped over the past week, according to the most recent report from the U.S. Energy Information Administration. Cushing’s total fell 1 million barrels as of Nov. 22. It dropped from 25.1 million barrels recorded on Nov. 15 to 24.1 million in …
Expand Energy completes cash tender offer
When Expand Energy Corporation recently ended its offer to purchase for cash its outstanding senior notes due 2026, it managed to acquire a total of $453,162,000 of the 5.500% Senior Notes. The Oklahoma City company, formerly Chesapeake Energy before its merger with Southwest Energy, explained the expiration deadline was Nov. 27. The more than …
Rig counts in Oklahoma and other oil and gas states held steady
Another report from Baker Hughes shows the nation’s oil and gas rig count continued steady for another week with a reported drop of only one rig compared to the previous week. The Baker Hughes Rig Report also showed Oklahoma’s count held steady as well, staying at 44 rigs, same as the previous week. It …
Feds order end of coal in Wyoming’s Powder River Basin
The Biden administration wants an end to coal leasing in Wyoming’s Powder River Basin and it wants it ended by 2041. Word came recently from the Bureau of Land Management as part of a lawsuit brought by the Western Organization of Resource Councils against the Bureau of Land Management. Click here …