New Mexico, the state where green-minded leaders castigate the oil and gas industry but love to spend the record revenue it brings, now are reported to worry about how the increased oil production is making the industry more powerful politically. Oil and gas production not only pushed state revenue to a record $12.7 billion …
North Dakota and Minnesota fight over electrical power
Oklahoma oil and gas companies with heavy commitments to operations in North Dakota are likely to be paying attention to a growing flap between North Dakota and neighboring state of Minnesota. Here’s what the flap is about. Earlier this year, Minnesota’s legislature adopted a law that requires the state’s utility provideers to transition to …
BlackRock’s latest troubles—lawsuit by Tennessee
BlackRock Inc., the investment firm put on a black list by Oklahoma for its ESG strategy and policies is in more trouble over the controversial use of disciminating against oil and gas. Now the company has been sued by the state of Tennessee for allegedly breaching consumer protection laws by making “misleading” statements about …
Energy quick reads
** Nikola Corp. founder and former Chief Executive Officer Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric-truck maker’s progress. He was sentenced by a Manhattan judge. ** Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, …
Attacks on Red Sea shipping sent oil prices up
The Red Sea attacks by Yemini Houthi on martime ships resulted in a pause on BP shipments of oil, resulting in a gain in crude oil prices Monday. At the same time, most Oklahoma energy stocks also saw increases in the value of their shares. What resulted was a gain of $1.04 or 1.46% to …
American Airlines to add 300 jobs in Tulsa thanks to Commerce Department funding
(Stephen Pingry, Tulsa World Archive)il Print Copy article link Save The Oklahoma Commerce Department recently awarded $22 million to American Airlines in Tulsa where 300 jobs will be added to the major aircraft center. “We graciously thank Gov. (Kevin) Stitt, Lt. Gov. (Matt) Pinnell and the state of Oklahoma Department of Commerce for recognizing the …
Northwest Oklahoma could have a White Christmas—maybe
If Oklahoma Climatologist Gary McManus is correct, there is a remote chance of a White Christmas for parts of Oklahoma…mostly in the northwest. In his Monday prognostication, he explained chances will increase because of the latest storm slipping down from the north. “It is a lovely southern track storm though, ain’t it? It’ll pound California …
Rural electric cooperative volunteers return from good-will mission to Central America
Volunteers from several Oklahoma Electric cooperatives as well as others in Colorado and Arkansas have just returned from a 14-day goodwill mission to bring electricity to farming villages in Guatemala. It was in the mountainous region of Alta Verapaz of Guatelama where people got electricity for the first time. The volunteers took part in …
Brace yourself for increased Christmas travel on the roads and airports
Yes, it’s about here—Christmas Holiday travel time, when airports are jammed with package-laden travelers and highways are filled with drivers trying to get to their destinations. If you think it’ll be elbow-to-elbow at airports and on the highways, you’re right because of increased travel. AAA projects 115.2 million travelers will be on the road …
Oklahoma well operator targeted by House Democrats in climate probe
Democrats on the House Energy and Commerce Committee have targeted another oil and gas company over environmental and climate claims and it could involve wells in Oklahoma. They put Diversified Energy Co., the owner of more than 1,500 oil and gas wells in Oklahoma and Texas and also the largest owner of wells in …