A “win for taxpayers and American businesses,” is the reaction of Oklahoma Congressman Frank Lucas to the U.S. Energy Department’s decision to withhold a $200 million grant to lithium battery company Microvast Holdings because of its alleged links to China’s government. Rep. Lucas was one of two lawmakers who wrote Energy Secretary Jennifer Granholm …
Oklahoma Corporation Commissioner Kim David wants Oklahomans to know she is a firm believer of the premise of “all of the above” energy development in the country. Writing an opinion piece this week in the Oklahoman, the Commissioner, sworn in to office in January, expressed her concerns of the Biden administration’s “overreach” when it …
ExxonMobil Corporation just signed an agreement to sell its 62,000 acres of holdings in the Williston basin to Chord Energy Corporation for $375 million. Zacks reported that 77% of the holdings is undeveloped. Chord Energy is headquartered in Houston and considered to be one of the leading oil and gas producers in the Williston …
A Houston company has joined some Oklahoma energy companies in being the latest to make acquisitions in the oil and gas rich Permian Basin. Kimball Royalty Partners announced the $141 million acquisition of nearly 60,000 acres in the region. Another company, Epsilon Energy of Houston is in the process of a $14 million acquisition …
A Corporation Commission hearing on a $155 million rate hike requested by Public Service Company of Oklahoma was continued Monday until Tuesday morning. An Administrative Law Judge presided over the hearing that explored the stipulation or settlement agreement reached by the State Attorney General and the AARP with PSO. The hearing lasted most of …
Crude oil prices rose 1% on Monday with an increase in U.S. gasoline futures while some Oklahoma energy stocks saw as much as a 6% gain for the day even as one firm dropped 11%. The price gain came as forecasts indicated an increase in oil demand in the second half of the year. …
Enel North America, the company that built 13 wind farms in Oklahoma, formally announced Monday it had officially chosen Inola in northeastern Oklahoma as the location for its nearly $1.8 billion solar panel manufacturing operation. The plant will be built at the Tulsa Port of Inola and the site had been widely promoted by …
Leaders of Tulsa-based Alliance Resource Partners, L.P., a major coal-mining company, plan to seek investors during a conference Tuesday in Florida. Joseph W. Craft III, Chairman, President and Chief Executive Officer, and others of his management team will take part in the investor meetings at the 20th Annual Energy Infrastructure council CEO & Investor …
Oklahoma’s Department of Transportation took the next step as it prepares to use $66 million in federal funding for development of an EV charging network across the state. ODOT announced this week it posted the DRAFT Request for Proposals for its National Electric Vehicle Infrastructure (NEVI) Competitive Procurement for Electric Vehicle (EV) charging stations program. …
The U.S. Energy Information Administration came out this week with a prediction of lower crude oil prices not only for the remainder of 2023 but also for 2024. “We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines …
