A new report from the World Bank claims flaring in the world’s oil fields hit the highest level in 2019 and the major culprit wasn’t just the U.S. The report stated that nine countries accounted for 75% of the flaring and nearly half came from Russia, Iran, Iraq, US, Venzuela, Algeria, Libya, Niberia …
Category: Oil & Gas
A look back at Corporation Commission race—Mitchell talks Energy with Jerry Bohnen
Of all the primary election day races in Oklahoma, only one was for a statewide office. It was the Republican nomination race for Corporation Commission and drew the interest of Scott Mitchell Talks Energy. Click below for their latest podcast on the subject.
Nation’s refinery capacity grew 2% in 2023
Data source: U.S. Energy Information Administration, Refinery Capacity Report A report by the U.S. Energy Information Administration points out U.S. refinery capacity grew by 2% last year. It amounted to an increase of 324,000 barrels a day accordingto the EIA’s recently published Refinery Capacity Report. Every year, refiners in the United States report their capacity as of …
Empire’s shareholders take care of business at annual meeting
Stockholders of Tulsa-based Empire Petroleum took care of business this week at their annual meeting. A total of 29,755,906 shares of the Company’s common stock were entitled to vote as of April 22, 2024, the record date for the Annual Meeting. There were 22,783,040 shares present, in person or by proxy, at theAnnual Meeting (or …
Energy briefs
** A union that represents Environmental Protection Agency (EPA) employees issued its first political endorsement Tuesday: Supporting President Biden’s reelection. The union, the American Federation of Government Employees (AFGE) Council 238, represents 8,000 EPA employees, including engineers, lawyers and inspectors. ** Leaders of five national environmental organizations criticized New York Gov. Kathy Hochul’s (D) controversial decision to …
Texas Supreme Court sides with state regulators over 2021 winter storm decision
The Texas Supreme Court has ruled state regulators did not exceed their authority in setting historically high electricity utility rates during the 2021 Winter Storm Uri, a storm that not only killed more than 200 people in Texas but also saw the nation’s highest natural gas prices in Oklahoma. It was a 7-0 …
Chesapeake Energy and Southwestern Energy shareholders approve merger
Shareholders of both Chesapeake Energy of Oklahoma City and Southwestern Energy of Houston, Texas voted overwhelmingly Tuesday to approve the proposed more than $7 billion merger of the two companies. The merger was announced in January and went to a vote of shareholders of each company. The Federal Trade Commission still must sign off …
More gains for crude oil prices but not so much for OK energy stocks
Tuesday was another day of gains for crude oil prices as they rose by more than 1%, thanks to growing tensions in Europe and the Middle East as the wars in Ukraine and Gaza remain a threat to global supply. West Texas Intermediate crude, the U.S. benchmark, rose $1.24 or 1.5% and settled at $81.57 …
Oklahoma gas prices hit $3 but remain among lowest in US
Oklahoma has some of the lowest gasoline prices in the U.S. despite signs of increases in the past few weeks. The state’s average this week, according to AAA, reached $3 a gallon, up 3 cents for last week. A month earlier, the statewide average was $3.11. Prices in Oklahoma City average $3.01, 9 cents …
Corn growers, oil producers and truckers file suit against EPA’s tailpipe rule
One of the latest lawsuits against the Biden administration over its controversial tailpipe emissions rule comes from an unlikely alliance of oil, corn industry lobby groups and truckers. They’ve filed suit against the Environmental Protection Agency’s rule to dramatically cut planet-warming tailpipe emissions from cars and trucks. The top lobby groups for oil and …