An election in Texas next Tuesday will determine whether the state’s residents want to approve major spending for new power plants, an expansion of broadband access and new water infrastructure. Some $13 billion in spending will be decided by voters as they will decide on several constitutional amendments. The ballot issues came as the …
Gulfport Energy Corporation did better in the third quarter than analysts predicted, recording $608.4 million in net income and $160 million of adjusted EBITDA. The Oklahoma City company reported financial and operating results for the three months ended September 30, 2023 and provided an update on its 2023 development plan and financial guidance. It …
Oklahoma U.S. Sens. James Lankford and Ted Cruz tried their best to support a bill by Texas Sen. Ted Cruz to strip the salary from a Biden administration official overseeing federal fuel efficiency regulations. But the bill introduced last month failed on a 49-47 vote held Tuesday. The bill, introduced by Cruz and Wyoming …
** The Michigan Supreme Court has declined to revive charges against former Gov. Rick Snyder (R) in connection with the Flint water crisis, putting what prosecutors described as the “final nail in the coffin” of their efforts. ** The Biden administration has approved what is expected to be the nation’s largest offshore wind farm yet, it announced Tuesday. …
Why would the Oklahoma legislature be studying and perhaps even drafting ROFR (right of first refusal) legislation for 2024 that could further increase electricity prices? The answer is long and involved and that’s the focus of this week’s episode of Scott Mitchell Talks Energy with Jerry Bohnen.
Investors apparently aren’t as concerned that the fighting in Gaza will cause a great disruption of oil production in the Middle East. Crude price on Tuesday dropped every so slightly as data was also released showing gains in crude oil production from OPEC and the U.S. Between WTI and Brent, WTI had the biggest …
The third quarter earnings report released Tuesday by Chesapeake Energy showed a drop in the results of its oil and gas production but income still produced a strong quarter for the Oklahoma City company. Adjusted net income for the third quarter was $155 million or $1.09 a share , better than the second quarter …
A drought is limiting ship traffic through the Panama Canal. The resulting delays caused shipping rates through the Panama Canal for Very Large Gas Carriers (VLGCs) to reach record highs, which increased the cost of shipping liquefied petroleum gas (LPG) from the United States. According to the Panama Canal Authority (APC), water levels at Gatún Lake are …
The drought in Oklahoma is one thing, but the drought in southeast Kansas is so severe that one town along the border expects to be out of water by Christmas. Things are so desperate in Caney, a city of 2,000, that stockpiles of bottled water sit in front of the town hall. “This is …
U.S. Rep. Frank Lucas wants to know why the Department of Energy is offering funding for the creation of unions in the Department. Lucas, chairman of the House Science, Space and Technology COmmittee along with California Rep. Jay Obernolte who chairs the House Investigations and Oversight Subcommimttee sent a letter to the Department of Energy …