** Congressional Democrats consider reviving a carbon tax proposal after U.S. Sen. Joe Manchin’s opposition effectively killed the reconciliation bill’s proposed clean electricity program. ** Attorneys general in Southeast states ask Congress to reject methane taxes in the infrastructure and reconciliation bills. ** The U.S. Department of Energy awarded nearly $40 million to 40 projects that are advancing the next generation …
Why Texas congressman are upset with Mexico’s President
Congressmen from Texas are voicing complaints about the government of Mexico and its efforts to limit competition in the electrical power sector. As the Associated Press reported this week, some 20 U.S. Representatives from the state complained to U.S. Ambassador Ken Salzar about changes proposed by President Andres Manuel Lopez Obrado to restrict …
Chesapeake Energy Corporation provides 2021 3Qearnings conference call information
Chesapeake Energy Corporation announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT. Chesapeake reported a $439 million net loss or $4.48 per diluted share in the …
Edmond legislator wants air mobility development in Oklahoma
Rep. Ryan Martinez, R-Edmond, on Monday held an interim study on advance air mobility (AAM) before the House Technology Committee. He invited state leaders to speak on the topic. Presenters from other states also shared their experiences in this emerging field, which includes unmanned aerial vehicle (UAV) technology, consumer product and passenger delivery, as …
OCC staff wants to close energy storage inquiry
A year after opening an inquiry into development of energy storage in Oklahoma, the staff at the Corporation Commission wants to close any more input from consumer and utility groups. In a recent notification, Brandy Wreath, head of the Public Utilities Division informed those who had participated in the inquiry over the past year …
More radioactive oilfield waste disposal options in North Dakota
Those Oklahoma energy firms carrying out oil and gas exploration in North Dakota’s Bakken might soon have a disposal well to rid of radioactive waste in the state. The North Dakota Industrial Commission recently approved the creation of a second well in McKenzie County where oil field waste would be mixed with saltwater into …
Phillips 66 Partners declares quarterly cash distribution
Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2021 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis. The quarterly distribution is payable Nov. 12, 2021, to unitholders of record as of Oct. 29, 2021. Headquartered in Houston, Phillips …
US oil at $83 while crude prices in Europe hit $85
Crude oil futures managed another large gain in Tuesday’s trading as prices in the US pushed closer to $83 a barrel while in Europe, crude finished at $85 a barrel. But the price climb didn’t help Oklahoma energy stocks for the most part. West Texas Intermediate crude for November delivery, trading on the New …
Environmental containment firm expands operations
Fort Worth’s Mustang Extreme Environmental Services, an environmental containment firm with offices in Oklahoma City announced the acquisition this week of RW Products LLC, a firm with operations in the Appalachians. The acquisition price was not disclosed but it gives Mustang Extreme a grasp in oil and gas operations in Ohio, Pennsylvania and West …
Will increased drilling help Helmerich and Payne in coming 4Q report?
Tulsa-based Helmerich & Payne Inc. plans to release its fourth quarter 2021 earnings report in mid-November as investors wonder if the company might end at least two consecutive quarters of improved losses. The company announced it will hold a conference call on Thursday, Nov. 18 at 10 a.m. central time. John Lindsay, President and …
