The city of Springfield, Missouri is starting a project to take advantage of the natural gas produced at its landfills. But it”ll cost nearly $32 million to finish the Renewable Natural Gas project. Springfield intends to not only refine and reuse biogas produced by the mountain of packed trash, but make money off …
Category: Oil & Gas
AAA survey shows American drivers aren’t interested in buy EVs—too costly
We’ve been telling you about a nationwide drop in interest by consumers in electric vehicles. Now AAA in Oklahoma reports similar findings based on a recent annual consumer survey. It found only 18% of US adults say they would be “very likely” or “likely” to buy a new or used EV, a fire that …
Gas firm challenges AG’s fraud lawsuit—says he failed to challenge regulators and supreme court
The Texas natural gas distributing company sued by Oklahoma Attorney General Gentner Drummond and accused of fraud over natural gas prices during the 2021 Winter storm is asking an Osage County District Judge to dismiss the fraud lawsuit. It also suggests the AG had his chance to properly handle the gas probe and missed …
Energy briefs
** Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all. The Internal Revenue Service said Wednesday that most of the payments people who live near East Palestine, Ohio, received to help them pay for temporary …
Crude oil rebounded in Wednesday’s trading
After a rough first two days of the week, crude oil prices finally rebounded on Wednesday, going back up 1% from four-month lows. Observers say the prices were buoyed by hopes of a September interest rate cut by the Federal Reserve. Those hopes apparently overcame any disappointment over increased U.S. crude and fuel stocks. As …
Williams wins again in court against Energy Transfer
Another big win for Tulsa’s Williams Cos. in its years-long fight with Energy Transfer after the two failed in their merger attempts some years ago. Bloomberg reported a Louisiana court granted a permanent injunction to stop Energy Transfer (ET) from interfering with Williams’ Louisiana Energy Gateway natural gas project. The ruling by Louisiana’s 36th Judicial District …
US and Cushing crude stocks increased in past week
As crude oil prices dropped since OPEC+ decided over the weekend to continue with production cuts into 2025, crude oil stocks increased in a surprise move across the U.S., including the Cushing Hub in Oklahoma. Nationally, stocks increased by 1.2 million barrels, according to the U.S. Energy Information Administration. The total grew from 454.7 …
Oil and gas employment in Texas soared to highest mark since 2011
The Texas Oil and Gas Association is celebrating a big boost in energy employment in the state. According to newly released data from the Texas Workforce Commission, employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March, representing the highest single month growth in upstream …
New chairman named at Devon Energy’s board of directors
Devon Energy has a new chairman of its board of directors. The Oklahoma City energy company announced the board appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while also …
Corporation Commission to meet with stakeholders about rule changes
Oklahoma regulators are planning a session with stakeholders to focus on rule changes. The Corporation Commission announced it intends to hold a Chapter 5 Rules of Practice Industry Roundtable meeting on Wednesday, June 12 at 1:30 p.m. The purpose of the meeting is to promote engagement with industry stakeholders, gain input and ideas, …