Mammoth Energy Services, Inc. announced that it will disclose its 2022 fourth quarter and full year financial results after the market closes on Thursday, February 23, 2023. In conjunction with the earnings release, the company has scheduled a conference call and webcast to discuss fourth quarter and full year results the same day at …
Crude oil prices gained on Monday while OK energy stocks fell
Crude oil prices made a 1% gain in Monday’s trading despite growing concerns about slower growth in major economies. At the same time, Oklahoma energy stocks suffered losses. West Texas Intermediate crude gained 72 cents or 1% to $74.11 a barrel on the New York Mercantile Exchange. WTI earlier hit a high of $74.41 …
New Mexico legislators consider EV fee to offset lack of gasoline tax revenue
New Mexico is among the states considering a fee for electric vehicles to offset the loss of revenue from the state’s tax on gasoline, money used for road repairs. Legislators are debating SB 22 which is focused on tax credits for electric vehicles according to the New Mexico Political Report. Click here for New …
Kansas legislators debate proposed tax on EV charging stations
The Kansas legislature is considering a bill to create a new tax on electric-vehicle charging stations. It would amount to 3 cents per kilowatt and the revenue would support a state highway repair fund that historically relies on fuel tax revenue. Some in the legislature say the charging station tax would amount to “double …
Legislator says new state law is corporate welfare and should be abolished
Rep. Tom Gann, R-Inola, has filed House Bill 1381 to Repeal the Large-Scale Economic Activity and Development (LEAD) Act of 2022, a new law he says is nothing but corporate welfare. Last year, the Legislature passed House Bill 4455, the LEAD Act, which promised investment rebates for the cost of qualified capital expenditures for …
The politics of probing China’s connections to the U.S. EV market
The dependency of the U.S. electric car market on China not only has the attention of Oklahoma Congressman Frank Lucas in his capacity as chairman of the House Science, Space and Technology Committee, but elsewhere in the House and Senate. Lucas focused his attention last month on the questionable relationship with the Communist country …
Court favors Continental Resources in South Dakota oil well dispute
Oklahoma City’s Continental Resources won a federal court fight over a well operation in South Dakota. The Eighth Circuit Court of Appeals in St. Louis, Missouri ruled in favor of the oil and gas company in a fight with a South Dakota couple who sued for damages to their land when Continental drilled a …
Indiana wants to follow Oklahoma in creating energy discrimination elimination law
Who’s the latest to join Oklahoma in identifying which banks and lending institutions consider climate change issues in deciding state pension investment decisions? A bill before the Indiana legislature would do like Oklahoma’s new law requires—elimination of business with those banks that consider environmental, social and governance factors when making the investment decisions. Click …
Kansas considers conflict-of-interest bill for wind and solar projects
Legislators in Kansas are considering a bill aimed at conflict-of-interest reporting requirements for public officials who might gain financially from wind or solar projects. The pending bill would prohibit elected officials from voting to approve such projects and if they violate the law, they would be forced to resign reported the Kansas Reflector. Click …
EIA—More than half of new U.S. electric-generating capacity in 2023 will be solar
The federal government says solar power projects will increase markedly this year across the U.S. A report from the U.S. Energy Information Administration state that developers plan to add 54.5 gigawatts (GW) of new utility-scale electric-generating capacity to the U.S. power grid in 2023, according to the Preliminary Monthly Electric Generator Inventory. More …
