Norman area residents wanted to make sure Oklahoma Gov. Kevin Stitt knew of their opposition to the proposed new turnpike that would come through their city, so they picked at one of his fundraising events this week in Oklahoma City. Members of Pike Off OTA picked at a fundraising luncheon for the governor Tuesday …
West Texas pipeline expansion planned by Magellan Midstream
Magellan Midstream Partners, L.P. announced this week plans for a $125 million expansion of its refined petroleum productions pipeline system in southwest Texas. The Tulsa-based company plans to extend the system from the Houston area to El Paso, Texas. It currently is capable of transporting nearly 70,000 barrels of oil a day of refined …
Texas creates rules to prepare utilities and energy firms for extreme weather
Texas regulators took the step this week to make sure their natural gas companies are ready for extreme weather—the kind of weather the state experienced in February 2021 when there were massive power outages and people died without heat. New rules adopted by the Texas Railroad Commission require oil and companies to be able …
And you thought we were finished with Keystone XL pipeline fight
We haven’t seen the last of the fight over the now-abandoned Keystone XL pipeline project, the one cancelled by President Biden in his first week in office. Now an Indigenous-backed energy company wants more than $38 million from Keystone operator TC Energy Corp. Bloomberg reports Natural Law Energy Inc., a group representing a number of …
Energy headlines elsewhere
** First Solar (FSLR) is making a $1.2 billion investment into expanding its factory footprint in the U.S., providing a tailwind to President Biden’s push to accelerate domestic manufacturing and reduce America’s reliance on Chinese supply chains. ** Toyota Is Upping Its EV Game to Catch GM, Ford, and Tesla. The car company said it would spend …
Power line approval for NextEra in Kansas came with eminent domain authority
Not only did Kansas regulators give their stamp of approval to a NextEra transmission power line in southeast Kansas, but they also gave the power of eminent domain to the company. The route has to be approved first before NextEra can use the power. The line is expected to run through Coffey, Anderson, Allen, …
Small lizard latest to be considered for protection in Permian Basin
The U.S. Fish and Wildlife Service says it will have a decision in about a year regarding protections for the dunes sagebrush lizard that is reported to be in danger because of growing oil and gas drilling in the Permian Basin.It’s a decision that could directly impact Oklahoma oil and gas firms with extensive …
Oil firms are capitalizing off rising natural gas prices
With natural gas prices near 14-year highs, shale producers in Oklahoma, Texas, New Mexico and elsewhere across the U.S. jumped on the bandwagon to take advantage. Years after flaring of excess natural gas was the norm, now those companies are getting an earnings bonanza reported Reuters. Click here for Reuters
Crude oil makes big drop while OK energy stocks suffered on Tuesday
A day after crude oil prices managed a robust increase, they plunged by nearly $6 a barrel in Tuesday’s trading on growing worries that central banks will hike rates to fight increasing inflation. Plus, there is the concern over unrest in Iraq. It all took effect on Oklahoma energy stocks as they fell from …
Trump’s “I told you so” warning about energy dependency on Russia
At the time President Donald Trump went public in 2018 with his criticism of Germany being too energy dependent on Russia and its natural gas, it drew smirks from Germany’s leaders. Remember those pictures of German officials sitting at the 2018 U-N General Assembly during a Trump speech and how they laughed and smirked …