** California regulators have taken away a key incentive for builders to use natural gas in new homes and commercial buildings as the state seeks to reduce greenhouse gasses and reach its climate goals. ** U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to …
Ground broken on $1 billion South Dakota jet fuel refinery
Ground was broken recently in South Dakota on a jet fuel refinery that is expected to cost an estimated $1 billion. The plant will be constructed by Gevo, a sustainable fuel production company. At least 1,000 workers will be needed for construction and eventually the plant will employ nearly 90 long-term workers. Gevo has …
Devon Energy among nation’s most active operators
A new report by Enverus Foundations shows Oklahoma City-based Devon Energy is among the top most-active operators in the U.S. As of Sept. 14, the most active operators in the U.S. are ConocoPhillips (28 rigs), EOG Resources (26), Pioneer Natural Resources (21), Devon Energy (20), ExxonMobil (20) and Mewbourne Oil (20). Conoco and Exxon …
Oklahoma energy stocks suffered as crude prices tumbled Thursday
Not only did oil futures take a big plunge on Thursday, so did Oklahoma energy stocks. Some firms saw losses of up to 11% as crude oil prices reached a one-week low. The drop in prices came as a tentative agreement was reached to avert a nationwide rail strike. Plus, expectations arose over weaker …
NextEra raises $2 billion through sale of equity units in the company
NextEra Energy, a firm with vast wind operations throughout Oklahoma and numerous other states in the U.S. announced this week the sale of $2 billion in equity units to Citigroup, Goldman Sachs & Co. LLC and Mizuho. Closing is expected on Sept. 19 of this year and each of the equity units will …
Oklahoma part of nation’s growth of natural gas well numbers
If you follow the completion reports published daily by OK Energy Today, you might have taken note of the growing number of gas wells in the state of Oklahoma. Some of the deep gas wells are drilled in western Oklahoma but others are explored in the Arkoma Basin of eastern Oklahoma, such as the Pittsburg …
Rep. Mullin says Dems overlooked grid reliability in rush to go green
In his latest “Mullin’ It Over,” Oklahoma Congressman Markwayne Mullin is critical of the rush by Democrats to go green and overlook the necessity of fossil fuels in this world. Here is his column released this week: In Democrats’ rush to green, they have overlooked the necessity of fossil fuels in this world. I’ve …
Biden wants to bring back Obama EPA rules
Obama-era rules that arose from the deadly explosion and fire that tore through a fertilizer storage building in West, Texas in 2013 are in the process of being resurrected by the Biden administration. They were rules originally opposed by Oklahoma U.S. Sen. Jim Inhofe and U.S. Rep. Markwayne Mullin following the disaster. More than …
Boil order issued for town of Fairview
Boil your drinking water if you live in the northern Oklahoma town of Fairview. The order went out this week after a water main broke. Reports indicated a valve had to be shut off to allow Fairview’s water tower to refill. Low water pressure also added to the need for the health advisory. Consumers …
Nationwide rail strike won’t happen
Amtrak scrambled to restore its passenger train service, including Oklahoma’s Heartland Flyer after it made plans to cancel some routes prior to a rail strike that was averted early Thursday morning. The Heartland Flyer was scheduled to depart Oklahoma City Thursday morning but not make its return trip from Fort Worth, if the strike …
