FEMA is fighting Mammoth Energy’s efforts to be paid the $379 million it says the government owes over the company’s power restoration work following the 2017 Hurricane Maria which devastated Puerto Rico. In an SEC filing this week, Mammoth provided an update on its battle with the government over the lack of payments. The …
ONE Gas reports increased 1Q net income
ONE Gas, Inc. reported its first quarter 2023 net income totaled $102.6 million or $1.84 per diluted share. It was an increase over the first quarter 2022 net income of $98.9 million or $1.83 per share. ONE Gas reported operating income of $149.2 million in the first quarter 2023, compared with $140.8 million in …
Environmental cases listed in New Mexico’s Enforcement Watch
The New Mexico Environment Department announces its inaugural monthly Enforcement Watch. The Enforcement Watch website is a listing of all active and resolved enforcement cases. Active cases involve an alleged violation of a regulation, rule, permit, license, etc. Resolved cases are those that were adjudicated in court of law or administratively resolved. The Enforcement Watch …
Quick energy reads
** The Supreme Court on Monday agreed to hear a case that could roll back the Chevron doctrine, which gave more power to federal agencies. Their ruling could have major implications for environmental regulations going forward. ** On Wednesday the Senate Environment and Public Works Committee will hold a hearing on permitting reform. ** On Thursday Interior Secretary Deb Haaland is expected …
EV owners in Texas could pay $200 annual highway fee
Texas legislators proposed a $200 annual fee to be paid by EV owners to cover their share of highway costs. The bill already was approved in the House. The fee would be in addition to a vehicle’s existing registration fees reported Jalopnik. Click here for Jalopnik
Sen. Manchin files energy permitting bill
West Virginia U.S. Sen. Joe Manchin took yet another step in his widening distance from the Biden administration, but introducing a bill to speed permitting of fossil fuel and renewable energy projects. The Democrat filed the Building American Energy Security Act which creates a two-year limit on environmental reviews of major federal energy projects. …
Enverus shows a slide in national oil and gas rig activity
The most recent Enverus rig count echoed a Baker Hughes Co. report showing a decline in rig activity in Oklahoma and across the nation. The U.S. rig count had its high point at 812 during the week ended April 26, falling by three rigs from the previous week’s peak, according to Enverus Foundations data. …
Crude oil prices and OK energy stocks suffered in Monday’s trading
A dollar-a-barrel decline in crude oil prices Monday also took Oklahoma energy stocks down for the ride as some local stocks fell 5% and 6%. Crude oil’s drop came after news of weak economic data from China along with still lingering concerns of another U.S. interest rate hike. West Texas Intermediate crude dropped $1.12 …
Rep. Cole—why the House overturned Biden’s lifting of foreign solar panel tariffs
Oklahoma U.S. Rep. Tom Cole got straight to the point in explaining why he and other members of the House voted to overturn President Biden who tariffs on foreign solar panel manufacturers. “The United States cannot continue to ignore China’s unfair trade practices and sacrifice American manufacturing jobs on the altar of Green New …
Australian company launches brine to lithium project in California
Oklahoma City’s Galvanic Energy isn’t the only firm in the U.S. with plans to extract lithium from brine wells and manufacture the critical mineral needed for production of batteries for millions of electric vehicles. An Australian-based company, Controlled Thermal Resources, is exploring the same kind of project but in California, not southern Arkansas …