If any hydrogen projects are ever going to be developed in Oklahoma, developers might be faced with some green energy challenges about to be created by the Biden administration. Challenges that some contend will only result in failure of non-government funded hydrogen projects. In other words, shooting yourself in the foot before the hunt …
A filing with the Securities and Exchange Commission shows that a major investor in Tulsa-based Vital Energy is the Midland, Texas investment firm Henry TAW LP. The filing indicated Henry TAW has 7,868,933 shares amounting to 22.66% of Vital Energy’s total of 28,671,878 shares of Common Stock. The statement was filed by Richard D. …
Still not looking good for a White Christmas in Oklahoma. “Well, not so great,” wrote Oklahoma climatologist Gary McManus in Tuesday’s Mesonet report. “—we’re gonna call those fantasy-casts. Just for now. But nothing showing up as we get closer to Christmas Week. But next week does look a bit wetter.” This week? A big warm up …
** The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US diesel shipper to sail around the tip of South America en route to Chile for the first time since 2020. The vessel Green Sky is hauling ultra-low sulfur diesel loaded at Citgo Petroleum Corp.’s Clifton Ridge terminal in Louisiana to …
Oh oh. New rules for the Texas electric grid costs far more than the $8 billion originally estimated last summer. Now it’s more than $12 billion, according to a review of the Electric Reliability Council of Texas by its watchdog, Potomac Economics. The new estimate is also being disputed by ERCOT. The grid took …
The number two official in the Energy Department admits the Biden administration might not be able to take a total advantage of falling oil prices in a move to refill the nation’s Strategic Petroleum Reserve. Deputy Energy Secretary David Turk told Bloomberg TV that maintenance and physical constraints of the underground caverns where oil …
A bill that would give tax relief to small and mid-sized oil and gas producers in Oklahoma has been introduced by Oklahoma U.S. Sen. James Lankford and Senators from Wyoming, Montana and South Carolina. It was a move designed to counter Democrats and their effort to increase taxes on the oil and gas industry …
A third consecutive day of losses hit crude oil prices on Monday as both Brent and WTI recorded declines of 1%. Investors are reported to be worried about a drop in demand and aren’t sure what to expect about just how deep the OPEC+ production cuts will be. West Texas Intermediate crude fell $1.03 or …
The intrigue continues from the legal repercussions of the AG’s subpoena of communications related to the 2021 winter storm. It is the focus of the latest edition of Mitchell Talks Energy with Jerry Bohnen.
Empire Petroleum board of directors chairman Phil Mulacek recently increased his holdings in the Tulsa-based company with a $5 milllion purchase of shares. Two years ago Mulacek, founder of InterOil Corporation, owned nearly 18.4% of Empire when he joined the company’s board of directors. This week, Empire filed a Form 8-K with the Securities …
