City leaders in Ardmore have been told a proposed hydrogen plant by Australian-based Woodside Energy might not happen this year, maybe not next year and maybe never. It might also result in the city of Ardmore losing millions of dollars in preparation for the plant. The same week the company reached a final investment …
Will things have improved for Mammoth Energy in the first quarter?
First quarter financial results at Mammoth Energy Services, Inc. will be released Wednesday May 7 in Oklahoma City. Investors no doubt are hoping for improved results compared to the previous quarter and all of 2024. The results will be released before the market opens and will be followed by a 10 a.m. central …
Texas legislators push more restrictions on state’s renewable energy projects
Just as Oklahoma legislators move forward with restrictions on the renewable energy industry, Texas legislators are doing the same. And they are advancing such legislation to create the new restrictions. One report indicated legislation proposed by a state Senator would test the renewable energy industry to maintain the momentum seen by Texas over the past …
Bill Allowing Property Owners to Reclaim Seized Land Signed into Law
A bill signed into law by Oklahoma Gov. Kevin Stitt will give proprty owners who lost land to the state Transportation Department a chance to reacquire it. The governor signed House Bill 1103, which requires the Oklahoma Transportation Commission to notify a previous property owner if the land they sold to the Commission is going …
Energy briefs
** Three Bechtel construction workers died April 29 in an incident involving a concrete scaffolding at Sempra Energy’s Port Arthur LNG construction site, Bechtel confirmed in an announcement posted Tuesday. ** Major automakers want Congress to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 …
Worries over US and China trade war sent crude prices down on Monday
Crude oil prices skidded downward on Monday falling nearly $1 a barrel while at the same time, Oklahoma energy stocks recorded moderate gains for the day. The drop in crude oil was attributed to economic concerns over how the U.S. and China trade war was affecting demand across the world. West Texas Intermediate crude …
Severe weather potential exists Tuesday and Wednesday in Oklahoma
The threat of severe weather across much of Oklahoma will exist for the next few days. Oklahoma Mesonet Climatologist Gary McManus wrote Monday it would be wise to make sure you are prepared for it. “Because here’s the deal, folks…the atmosphere is overperforming this year,” he stated. “Mother Nature has taken some steroids or …
A tough quarter for Alliance Resource Partners in Tulsa
Tulsa-based coal company Alliance Resource Partners L.P. released first quarter financial results showing a drop in coal production and a more than 17% plunge in total revenues. The company suffered declines in all categories of financial aspects of the quarter. But it’s hoping recent orders signed by President Trump will turn things around. …
Keeping a watchful eye on “behind the scenes” shaping of energy bills
As some of the Oklahoma legislative committees have ended their public meetings, dealing with energy bills, some considered live rounds and others that are still being fashioned with their “titles struck,” observers might want to be paying close attention to the behind the scenes efforts. It’s where the legislative “sausage” is made and in …
Energy briefs
** Employees of ConocoPhillips face more layoffs after the oil company’s merger with Marathon Oil, which triggered sweeping job cuts in Houston last year, reported the Houston Chronicle. A spokesman for the Houston oil giant confirmed Friday that the company had informed employees about additional layoffs, but declined to specify how many or when the layoffs would …