A solar fight is underway before the Arkansas legislature and it involves attempts to reduce reimbursements for solar users. The cause of the fight is House Bill 1370, a measure with the goal “to prevent cost-shifting and ensure fairness to all ratepayers.” The authors say it would reduce compensation to solar users for the …
Supreme Court says oil rig manager should be paid overtime
In a decision sure to cause waves of concern in the oil and gas industry, the U.S. Supreme Court ruled this week in favor of a Texas oil rig supervisor who earned more than $200,000 a year, saying he was entitled also to overtime pay. In a 6-3 decision authored by liberal Justice Elena …
Try again with Mitchell Talks Energy
By Jerry Bohnen Sometimes we make mistakes. It happened in announcing the most recent edition of Mitchell Talks Energy, featuring political analyst Scott Mitchell and yours truly. We passed along a link to the original podcast. But I promise, this link is to the second program featuring a lively discussion of energy, who’s covering it, …
ONE Gas recorded strong 4th quarter earnings
ONE Gas, Inc. reported improved fourth quarter earnings of $67 million in net income or $1.23 per diluted share. It was an improvement over a year earlier when the company reported $60.5 million or $1.12 per diluted share in net earnings. For the year, ONE Gas recorded net income of $221.7 million or $4.08 …
Crude oil took 3% plunge in Wednesday’s trading
Crude oil dropped 3% in Wednesday’s trading as investors grew more worried about the potential for increased interest rates by central banks. Oklahoma energy stocks were mixed. West Texas Intermediate crude for April deliveries dropped 3% or $2.41 per barrel and closed at $74.05 on the New York Mercantile Exchange. Global benchmark Brent crude …
Corporation Commissioners to reconsider billions in ONG fuel costs
Corporation Commissioner Bob Anthony managed to convince his two fellow regulators that maybe it would be a wise decision to go back and review the billions of dollars in fuel adjustment costs sought for approval by Oklahoma Natural Gas Company. The Commissioners voted 3-0 Wednesday in a special meeting to strike from consideration the …
Feds okay restart of fire-damaged Freeport LNG plant
Despite getting approval from the Federal Energy Regulatory Commission to reopen some of its commercial operations at its Texas plant, Freeport LNG indicated it could be months before the plant is full operational. It’s been 8 months since a fiery blast in June knocked the LNG export plant offline. Click here for Reuters
New House members unafraid to jump on Biden’s climate policies
“It’s clear that the Biden administration and radical left want to impoverish Americans.” The declaration of criticism of President Biden’s agenda against the fossil fuel industry came recently from Florida U.S. Representative Anna Paulina, a freshman member of the House. She jumped right into the discussion during a hearing of the Natural Resources Committee. …
Farm freedom bills passed in Oklahoma House Committees
Rep. Carl Newton advanced two pieces of legislation out of House Committees on Tuesday that would expand freedoms and protections for state farmers and ranchers. House Bill 1962 would allow any person age 14 to 16 who lives or is employed on a farm to apply for a farm permit authorizing them to …
BlackRock still has ties to Texas agency despite discrimination against oil and gas
The Teacher Retirement System of Texas apparently hasn’t wiped its hands clean of a controversial relationship with BlackRock Inc., the firm that preaches sustainable investing rather than loaning money to oil and gas operations. The state forced the Retirement System last year to sell all its shares in BlackRock because of the discriminatory practices …
