After encountering legal issues that resulted in a federal appeals court ruling, a company revealed this week it will not construct a carbon capture operation as part of its $18.4 billion LNG plant under construction near Brownsville, Texas. Officials with the NextDecade Rio Grande LNG terminal confirmed in filings with federal regulators that they …
OKC gets $2.2 million in federal money to study 15 bridges for replacement
The U.S. Department of Transportation announced that Oklahoma City will receive $2.2 million in planning grants through the Federal Highway Administration’s Bridge Investment Program. The planning grants will fund studies to restore or replace 15 aging and heavily used bridges in Oklahoma City. Additional enhancements will include infrastructure such as bike lanes or sidewalks. …
Energy briefs
** The morning after being called out on national television by United Auto Workers President Shawn Fain during the Democratic National Convention, Stellantis has confirmed it is delaying plans to reopen the shuttered Belvidere Assembly Plant. ** Ford Motor Co. said Wednesday it will no longer make all-electric three-row SUVs and will instead produce hybrid SUVs, …
BlackRock cuts back on support of controversial ESG policies
BlackRock Inc., the company targeted in Oklahoma for its anti-ESG policies that discriminate against the state’s oil and gas industry, announced this week a reduction of its support for shareholder environmental and social plans. The company maintains many of the efforts don’t have merit and at the same time are harming long-term financial interests …
Attorney hired to conduct Hiett investigation says it will be based on voluntary information
Oklahoma City attorney Melvin Hall assured Corporation Commissioners this week his investigation into the allegations against Commissioner Todd Hiett will be a “confidental fact-finding” probe and rely on information voluntarily offered by those who feel they have something to offer. “Strictly voluntary—we will only deal with information that is voluntarily made,” Hall told …
Crude oil prices slipped on Tuesday—so did OK energy stocks
Crude oil prices dropped nearly 1% on Tuesday and Oklahoma energy stocks also went on the same path with some firms losing 4% and 5% in the value of their stock. Crude oil fell as supply concerns about the possibility of a full-out war in the Middle East eased with Israel’s acceptance of steps …
Oklahoma midstream firm to move headquarters to downtown Tulsa
Oklahoma’s Superior Midstream, LLC is moving its corporate offices to downtown Tulsa. They will be located in the First Place Tower after the move is completed in January 2025. “We are excited to begin this new chapter in downtown Tulsa,” said Bill Ward, President and CEO of Superior Midstream. He said the move to …
Gasoline taxes hold steady for many states
Ever wonder what taxes you are paying when you pull up to the pumps and fill up with a tankful of gasoline? The U.S. Energy Information Administration reported this week that state taxes and fees on gasoline and diesel fuel averaged 33 cents a gallon for gasoline and 35 cents a gallon for …
Commissioner Hiett goes to Supreme Court against Commissioner Anthony
Oklahoma Corporation Commissioner Todd Hiett showed another sign this week of his refusal to resign from office amidst an investigation into the allegations he was drunk at a national conference and groped a man at a hotel bar. Commissioner Hiett filed an application with the State Supreme Court seeking a writ of prohibition to …
Oklahoma gas prices drop below $3 a gallon average
For the first time in months, the average price of gasoline fell below $3 a gallon this week in Oklahoma. Based on information from AAA, the new statewide average is $2.99 a gallon, down four cents from a week ago and 13 cents from a month ago. AAA reported the national average fell a …
