A new report shows increased use of natural gas to power electric generators across the U.S. which typically would mean good news for natural gas producers in Oklahoma and elsewhere. However, natural gas prices remain low. Below is the latest data from the U.S. Energy Information Administration. U.S. power plant operators generated 6.9 million …
A $28 million plan is being launched in Wyoming to create biogas from sugar beets. The company behind the effort is Cowboy Clean Fuels LLC based in Denver. It has the clean energy operation under construction in Wyoming’s Powder River Basin after receiving $13 million in venture capital money from a former Texas oilman …
** The Environmental Protection Agency (EPA) on Wednesday proposed designating one of the toxic substances spilled by a train derailment in East Palestine, Ohio, as a high-priority chemical under the Toxic Substances Control Act, the next step to a full ban. Vinyl chloride, a hazardous substance used in the production of plastics, is one of …
Focusing on an acreage acquisition strategy, Fort Worth-based PHX Minerals Inc. will reveal in August whether its plans are paying off for investors. The company intends to release its second quarter earnings results after the close of markets on Wednesday, August 7. Management will discuss the results the next day during a conference call, …
Considered the world’s largest lithium producer, Albemarle Corp. just cemented its standing as it won approval this week from the Arkansas Oil and Gas Commission to begin testing its lithium extraction processes in southern Arkansas and not pay commercial production royalties. Albemarle has a plant located in Magnolia, part of the Smackover play in …
Crude oil prices might have reversed its three consecutive trading sessions of losses with small gains on Wednesday, but Oklahoma energy stocks had a bad day in trading. Falling US crude inventories sparked some of the oil increases but so did growing supply riskes from Canadian wildfires, according to Reuters, as prices remained close to …
A surprise drop in crude oil held in storage across the U.S. and at the Cushing Hub in Oklahoma was reported this week by the U.S. Energy Information Administration. Nationally, there was a loss of 3.7 million barrels of crude oil from Jully 12 to July 19, the most recent reporting period. The EIA …
It’s not nice to renege on a deal—just ask the city of Albuquerque, New Mexico. Not only did it lose a lower federal court ruling that it should not have backed out of a fixed-price contract with Davidson Oil Company for city fuel needs, it now has lost an appeal with the Tenth Circuit …
How’s this for an odd couple….the oil and gas industry teaming up with biofuels producers to fight for liquid fuels. Mike Sommers, president and CEO of the American Petroleum Institute admits their working together comes after decades of fighting over the development and growth of biofuels such as ethanol. After feuding for decades, …
** Tesla (TSLA) reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, likely a cheaper EV, in the first half of 2025. Tesla also said its growth rate in 2024 would be “notably lower” than what it achieved in 2023. ** …
