Construction started in New Mexico on what is described as the largest wind project in the Western Hemisphere that will transfer electrical power from the state to Arizona. At the same time, GE Vernova, a business to be spun off by General Electric, said it will build hundreds of turbines for Pattern Energy’s SunZia …
Category: General
Bill would extend tax-free vehicle title transfers to grandchildren
Rep. Rick West, R-Heavener, recently filed legislation that would extend tax-free vehicle title transfers from grandparents to their grandchildren. Currently an excise tax is levied upon the transfer of legal ownership of any vehicle registered in Oklahoma. Exceptions include people who possess an agricultural exemption, and for title transfers between husband and wife and parent …
Energy quick reads
** US oil and gas production is booming, but policies being imposed now could jeopardize the country’s energy might, the industry’s top trade group is warning Washington. That sobering outlook is being delivered by the American Petroleum Institute as it holds an annual gathering in the nation’s capital Wednesday to highlight top policy priorities, amid …
EIA expects two years of significant growth in solar electric generation in the United States
The U.S. Energy Information Administration (EIA) expects solar electric generation will account for 7% of total U.S. electricity generation in 2025, up from 4% in 2023, according to its January Short-Term Energy Outlook (STEO). Developers have reported that almost 80 gigawatts of solar power will come online over the next two years, increasing U.S. solar generating …
Vital Energy to release 4Q earnings report in February
The fourth quarter earnings report by Vital Energy will be released next month, according to an announcement by the Tulsa company. It intends to release the fourth-quarter and full-year 2023 financial and operating results after the close of markets on Wednesday, February 21, 2024. The firm will hold a conference call the next day at …
BlackRock continues oil and gas investments in Texas
Bloomberg reports that BlackRock Inc., while being banned from Texas public pension plans because it discriminates against the oil and gas industry, is still investing in oil and gas companies, including some in Texas. This week, OK Energy Today reported an SEC filing by Vital Energy Inc. of Tulsa showed BlackRock was a nearly …
Enjoy the slightly warmer weather while you can
If we thought Tuesday morning brought some cold weather to the state, we’re being warned that even “colder” weather is on its way this weekend. Oklahoma Climatologist Gary McManus said the extreme temperatures won’t be as severe as what we experienced in February 2021 when Winter Storm Uri pounded the state. “No, it doesn’t …
Legislator says ODOT plan is “Orwellian” and will fight it
The Oklahoma Transportation Department task force plan to tax drivers for the miles driven on state roads drew one opponent this week in the state legislature. Rep. Tom Gann, R-Inola, has filed what he called “a pivotal bill aimed at safeguarding Oklahomans’ freedom and privacy.” House Bill 2970 comes in response to what Gann termed …
Crude oil prices bounced back in Tuesday’s trading
Crude oil prices gained about 2% in Tuesday’s trading while Oklahoma energy stocks suffered losses for the day. The Middle East crisis and a Libyan supply outage led to some of the gains for the day. US benchmark, West Texas Intermediate dropped $1.47 or 2.1% to finish at $72.24 a barrel on the New York …
SMACKOVER formation delivers for one lithium seeker
Southern Arkansas’ Smackover formation, site of ongoing lithium development by a handful of companies, apparently is richer in the EV battery mineral than thought for one of the firms. TETRA Technologies, Inc., headquartered near Houston, Texas announced the recent completion of a Technical Resources Study for its 6,138 acre “Evergreen Brine Unit” in Arkansas. …