Senator James Lankford joined five other U.S. Senators this week in filing a bill to prevent the U.S. from being dependent on Communist China for critical minerals. Together with Sens. (R-OK), John Cornyn (R-TX), Mark Warner (D-VA), Todd Young (R-IN), Angus King (I-ME), and John Hickenlooper (D-CO), they introduced the Critical Minerals Security Act. Their …
Category: General
BlackRock also maintains ownership of ONE Gas shares
BlackRock Inc., the firm banned by the state of Oklahoma from handling any state investments because of its ESG policies remains a big investor in another Oklahoma energy firm. A filing with the Securities and Exchange Commission by ONE Gas showed BlackRock is the owner of 14.5% of the shares in the Tulsa-based firm. …
NuEnergen announces partnership to automate energy curtailment for the Southwest Power Pool
Demand response services provider and energy management consultant NuEnergen, based in New York, announced a partnership to bring automated demand response to users of the Southwest Power Pool through a collaboration with OBM Foreman, an industry leading miner management and curtailment software provider. This integration allows for rapid response to grid constraints by adjusting …
Snow and sub-freezing weather hit North Dakota’s oil production hard
Here’s how much oil production was lost in North Dakota because of the recent frigid weather—700,000 barrels a day. That’s the figure from Lynn Helms, Director of the North Dakota Department of Mineral Resources, who offered his etimate after historic low temperatures stopped oil and gas operations in the Bakken. It was the impact …
Halliburton reveals biggest quarterly dividend in two decades
Halliburton Co., the firm with a big footprint all over Oklahoma, announced this week an increase in its latest quarterly dividend. The payout will be up 6% to 17 cents a share, which is the highest dividend since the start of the COVID pandemic. The increase came after Hallibulrton’s fourtho-quarter earnings beat expectations …
Oil and gas mergers hit a record $192 billion in 2023
Major mergers and takeovers of oil and gas firms last year in the U.S. reached a record $192 billion, more than triple the value of deals made in 2022 reported Enverus. The total did not include the recent $7.4 billion dollar merger between Oklahoma’s Chesapeake Energy with Southwestern Energy of Houston because it was …
Stitt and other Governors tell Biden his EV mandates are “unrealistic”
Oklahoma Gov. Kevin Stitt was among 16 Republican governors who called this week on the Biden administration to walk back electric vehicle standards, contending Americans aren’t that interested in the EVs. “Instead of using government mandates to drive the vehicle market, allow American consumers to maintain choice in the types of vehicles they choose …
Energy quick reads
** The Postal Service also showed off its first set of electric vehicle charging stations at its South Atlanta Sorting and Delivery Center on Monday. The service plans hundreds of charging stations for what eventually will be the nation’s largest fleet of electric vehicles. ** Exxon Mobil Corp on Sunday filed a complaint in a Texas …
Treasurer says state’s investments are up from a year ago
Oklahoma Treasurer Todd Russ reported this week the state’s total investments gained nearly $2 billion from December 2022 to December of last year. The total portfolio market value was $15.8 billion, or $1.9 billion more than the previous year. Russ explained that of the total portfolio, 66% ws in U.S. Treasurys and 8% were …
SunZia wind power line in New Mexico challenged by tribes
Indian tribes and environmental groups joined forces to file suit challenging construction of the Sun Zia transmission line that will originate in New Mexico and carry wind-powered electricity to Arizona and California. They have asked a federal judge to stop construction that began last week. The 32-page lawsuit was filed Jan. 17 in Tucson, …