** U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told CNBC in an interview that Russian oil now accounted for 42% of India’s total oil purchases, up from under 1% before the …
Worker dies in fall from Garfield County wind turbine
OSHA and the Garfield County Sheriff’s office are investigating the death of a worker who fell 80 feet from a wind turbine near Enid. It was Tuesday night when the incident occurred in the area of 150th and Phillips road near Enid. The name of the worker has not been released. Garfield County …
Crude oil made a 2% climb over possible meeting to end war in Ukraine
While investors waited for word about a meeting of leaders to discuss a possible end to the fighting in Ukraine, crude oil prices shot up nearly 2% on Wednesday. Plus, there was a bigger-than-expected weekly drop in U.S. crude inventories. The U.S. Energy Information Administration said energy firms pulled 6.0 million barrels of crude …
U.S. crude oil supplies tumble while Cushing saw a gain
The U.S. saw a drop of 6 million barrels of crude oil in storage as of the most recent reporting period field by the U.S. Energy Information Administration. The report issued on Wednesday indicated that as of the week of August 15, the total crude in storage was 420.7 million barrels, down from the …
Oklahoma AG signs letter questioning legality of net-zero carbon emissions standard
Oklahoma Attorney General Gentner Drummond is among 23 state Attorneys General questioning the legality of a new net-zero carbon emissions standard for businesses under state and federal law. Led by Iowa Attorney General Brenna Bird, the attorneys general co-signed a letter to David Kennedy, CEO of the Science Based Targets initiative which recently …
Mitchell talks energy with Jerry Bohnen—the power struggle over data centers
A power struggle is developing in Oklahoma and other states where the data center boom is underway. It’s the main topic of today’s Scott Mitchell talks energy with Jerry Bohnen…..you’ll want to pay attention.
Energy briefs
** The proposed Constitution pipeline that would carry natural gas from Pennsylvania to New York would not help lower energy prices in New England, despite claims made by U.S. EPA Administrator Lee Zeldin in a recent opinion piece. ** Houston-based oilfield services company Baker Hughes sees its income rise amid falling prices and slowed drilling …
State regulators focus on new law conflicting with current rules
Oklahoma Corporation Commissioners admit they held another non-public meeting last week to discuss several related issues about the plugging of nonproducing natural gas wells as well as carbon sequestration wells. But the closed meeting also revealed another potential constitutional issue for the regulators because of a new state law passed in the recent legislative …
New Mexico water board approves plan for more oil and gas wastewater use
(Danielle Prokop / Source NM) A New Mexico regulatory board recently turned aside voiced opposition to a plan to allow more use of oil and gas wastewater. Opponents argued before the Water Quality Control Commission for nearly three hours, contending the proposed expansion of wastewater use would lead to contamination of the state’s limited …
Data Centers want continued government subsidies
As the data center boom grows across the country, including in Oklahoma and adjacent states, the industry is pushing for more help from the government in order to ensure there is available electrical power. The industry’s group, called the Data Center Coalition, is asking Treasury Secretary Scott Bessent to continue with rules covering …
