** Exxon Mobil Chair and CEO Darren Woods urged the incoming Trump administration to avoid making turbulent climate policy swings — and he pushed the president-elect to reject carbon border taxes favored by some GOP lawmakers. In an interview with POLITICO, Woods signaled that one of the most powerful players in the energy industry might serve as …
Category: General
Mach Natural Resources reports improved 3Q earnings
Mach Natural Resources LP reported improved financial and operating results for the three months ended September 30, 2024 over the second quarter. The Company also announced its quarterly cash distribution and provided its full year 2025 outlook. Mach reported total revenue and net income of $256 million and $67 million in the third …
State Broadband efforts move to southeast Oklahoma
The Oklahoma Broadband Office plans to launch more broadband expansion projects and do so with the internet service provider Chisholm Broadband. The projects will improve access to high-speeed internet service in 10 Oklahoma counties and the launching will take place Thursday in Coalgate. Event Details: What: Launch event for Oklahoma Broadband Office/Chisholm Broadband high-speed internet expansion …
Crude oil prices registered only a small gain on Tuesday
Crude oil prices remained at a two-week low after Tuesday’s trading with only gains of a few cents. They stayed there after falling nearly 5% in the past two sessions, largely because of OPEC’s latest downward plans for demand growth. A strong U.S. dollar and disappointment over China’s latest stimulus plan, added to …
Supreme Court hears arguments to block Corporation Commissioner’s votes on rate cases
The Oklahoma Supreme Court must now decide whether to grant a request by three Republican legislators to block Corporation Commissioner Todd Hiett from voting on rate cases for three major utilities because of the sexual and alcoholic allegations made against him last summer. Seven of the nine justices listened to arguments Tuesday in the …
Oklahoma to consider another step toward space launches
The Oklahoma Space Industry Development Authority will meet Wednesday to consider a study that could one day lead to space launches from its facilities in western Oklahoma. The study is included in the agenda of the Wednesday meeting of the authority. The following is the agenda. 1. CALL TO ORDER. Roll call and announcement …
Oklahoma to create new emissions rules on oil and gas industry
Oklahoma’s oil and gas industry and fossil fuel electricity generating power plants face new EPA requirements in two years. The State Department of Environmental Quality announced it will hold a public meeting in December to discuss the development of how Oklahoma will address emissions from the existing crude oil and natural gas facilities …
Hearing underway into proposed ban of “forever” chemicals in New Mexico oil and gas drilling
A four-day hearing is underway in New Mexico to consider banning “forever” chemicals from oil and gas operations. New Mexico’s Oil Conservation Commission is holding the hearing that started Tuesday. The target of the proposed ban are PFAS chemicals or Perfluoroalkyl and polyfluoroalkyl substances which are sometimes part of the chemicals used in the …
Peter Zeihan on Arkansas, lithium and the Smackover formation
The future of lithium mining in Arkansas’ smackover formation? We’ve been following it over the course of the past two years. Geopolitical commentator Peter Zeihan thinks it is promising.. Click here for his podcast
Energy sector employment remains steady
( Photographer: Eddie Seal/Bloomberg) A new report shows employment in the energy services sector across the U.S. remained steady, whether it’s in the oil patch, installing solar panels or constructing wind farms. The Energy Workforce & Technology Council released its monthly jobs report which included Oklahoma, ranked third highest in the nation when it comes …