** The Federal Energy Regulatory Commission gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy in March, according to a Federal Energy Regulatory Commision filing. ** Valero Energy …
Category: Oil & Gas
Power grid seeks experts to help with major transmission projects
The Southwest Power Pool, the group that controls the 14-state power grid, including Oklahoma, wants to create a pool of industry experts to be used for major transmission projects encouraged by the federal government. In an announcement about the move, the SPP said the experts may be chosen to serve on an independent panel to …
Crude oil prices slipped Thursday causing gains for most OK energy stocks
Another slip in crude oil prices. They fell about 1% on Thursday, largely due to reports the U.S. and Israel might try to resume talks for a possible ceasefire in Gaza. According to Reuters, prices were up more than $1 a barrel due to concerns the fighting in the Middle East might result in …
AG Drummond extends fight with EV truck mandate from Biden-Harris Administration
Calling it an “outrageous edict,” Attorney General Gentner Drummond has filed a brief in the U.S. Court of Appeals for the D.C. Circuit to stop the Biden-Harris Administration from imposing a far-reaching electric-vehicle mandate on truck manufacturers. In April, the Environmental Protection Agency (EPA) published a rule imposing stringent tailpipe emissions standards for …
US shale natural gas production down so far in 2024
According to a new report by the government, U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023. If this trend holds for the remainder of 2024, it would mark the first annual …
Study finds increased costs for solar and wind construction but lower for natural gas
The average U.S. construction costs for solar photovoltaic systems and wind turbines in 2022 were close to 2021 costs, while natural gas-fired electricity generators decreased 11%, according to recently released data from the U.S. Energy Information Administration. Average construction costs for solar generators increased by 1.7% in 2022, and for wind turbines they increased …
PHX to announce quarterly earnings report
When PHX Minerals Inc. based in Fort Worth, Texas announced its second quarter results in August, it pointed to quarter over quarter increased production from its asset base. Now the company investors wait to learn if it continued as the firm prepares to release its latest quarterly results on Wednesday, Nov. 6. The …
Oklahoma legislators intent on improving state’s anti-ESG law
Some Oklahoma legislators indicated this week they’re not giving up on making improvements to Oklahoma’s anti-ESG law—the one temporarily suspended while the state appeals a district Judge’s ruling. The Oklahoma Energy Discrimination Elimination Act, adopted in 2022, was the focus of a Wednesday interim study by some legislators. The Oklahoma Watch covered the event. …
Energy briefs
** Striking Boeing machinists rejected a proposed contract that would have ended a costly 41-day work stoppage. The machinists, represented by the International Association of Machinists and Aerospace Workers (IAM), turned down a deal that includes a 35 percent wage increase over the next four years, a $7,000 ratification bonus and improved retirement offerings. ** Nearly 80 …
Mitchell Talks Energy with Jerry Bohnen
What’s the topic of the latest Mitchell Talks Energy with Jerry Bohnen? How about the lawsuit filed against the State Treasurer where he and his Chief of Staff are accused of withholding information in an Open Records request? The request focused on information sought concerning the Oklahoma Energy Discrimination Elimination Act.