** Dozens of U.S. Representatives from both political parties urged the Biden administration to toughen sanctions on Russian oil shipments and questioned an exception issued to the world’s largest oilfield company SLB to operate in the country. ** General Motors will invest $625 million to partner in developing a lithium mine in Nevada that will help …
Some in Congress want more oil sanctions against Russia and question Schlumberger’s presence there
and q At least 52 members of Congress want expanded sanctions against Russia’s oil trade in a move to reduce the country’s war treasury as it battles Ukraine. They recently wrote a letter to the U.S. Treasury and state department chiefs and raised concerns about oil and gas technology giant SLB, Schlumberger, the …
Crude gained for a 2nd day this week but OK energy stocks performed with losses
For a second day this week, crude oil prices recorded gains in the U.S. and globally, largely because traders aren’t very anxious about any ceasefire in the Middle East where Israel is pounding Gaza and southern Lebanon. West Texas Intermediate crude for November delivery finished up $1.53 or 2.2% to settle at $72.09 a barrel …
Groundbreaking for expansion of Western Farmers Electric generating plant in Anadarko
(WFEC’s Board of Trustees took part in a groundbreaking ceremony, hosted on Oct. 15, in recognition of two combustion turbine units to be constructed at the Anadarko Plant. Board members include (from left) Mike Lebeda, Ronnie Tharp, Ken Autry, Eric Segovia, Clint Pack, Tyson Littau, Chris Mackey, Jean Pence, Brian DeMarcus, Gary Jones, Jeff Willingham, …
Coal mine fires extinguished maybe 100 years later in western New Mexico
Thirteen years after two underground coal fires were discovered near Gallup, New Mexico, they have been finally extinguished. They might have been burning for more than 100 years. The fires had smoldered since 2011 when they were discovered at the separate abandoned mine sites and emitted toxic gases near the Western New Mexico city …
USGS study finds ‘stunning’ lithium reserves in Arkansas’ Smackover formation
The amount of lithium in southern Arkansas is far, far more than anticipated—so much more that the U.S. Geological Survey believes it has enough lithium to meet the projected 2030 world demand by nine times. The USGS estimates the reserves in the Smackover Formation total up to 19 million tons. “Lithium is a critical …
PSO moves ahead with $730 million gas acquisition
Public Service Company of Oklahoma is asking for a protective order regarding some of its confidential information provided to state regulators on the firm’s proposed acquisition of the Green Country natural gas operation. PSO announced some weeks ago of its intent to acquire the operation in a $730 million purchase. It also is seeking …
OCC meeting scheduled for Wednesday
Oklahoma Corporation Commissioners will meet Wednesday. The agenda for the 1:30 p.m. meeting includes: A. Call to order B. Announcement concerning public notice C. Determination of quorum II Approval of minutes of prior meeting(s) III Consideration of and possible vote(s) on proposed or potential orders in cases on the daily signing agenda docket. The …
State Treasurer sued over records of Oklahoma’s anti-ESG law
A lawsuit alleging violation of the Oklahoma Records Act has been filed against Oklahoma Treasurer Todd Russ and his Chief of Staff, Jordan Harvey. The two are accused of failing to comply with the Open Records Act by withholding information and documents under the controversial Oklahoma Energy Discrimination Elimination Act which was suspended …
Mitchell Talks Energy with Jerry Bohnen
For those of our faithful readers who had problems attempting to view the latest podcast by Scott Mitchell and Jerry Bohnen, this is a redo or easier offering. Please accept our apologies and better viewing!