A House Committee held a hearing this week on efforts to establish the National Oceanic and Atmospheric Administration as a stand-alone agency in the government. Oklahoma Congressman Frank Lucas led the effort during a hearing of the House Science, Space, and Technology Committee. He introduced a 22-page long bill earlier in the year to …
Thinking of buying an EV? Only 10 models will result in tax credit
If you’re in the market for an electric vehicle and want to be eligible for a $7,500 consumer tax credit in the U.S., buy American. The Treasury Department released its approved EV tax credit list this week showing only 10 vehicles are eligible for the maximum amount. In order to meet the eligibility requirements, …
Peter Zeihan says Oklahoma should give up trying to compete economically with Texas
American geopolitical analyst Peter Zeihan has some advice for Oklahoma…stop trying to compete economically with Texas! Focus on railway development. Take advantage of its existing resources. The author and traveler, whose client list includes energy companies, financial institutions, business associations, agricultural interests and government organizations, was in Oklahoma City this week as evident by …
Natural gas production increased in North Dakota
North Dakota, a state where Oklahoma energy firms are among the most active oil and gas producers, reported a 7% increase in natural gas production in February compared to January. The North Dakota Department of Mineral Resources indicated it expects production to increase in the coming months reported KX News. Click here for KX …
ONEGAS leadership to seek investors at national Financial Forum in May
ONE Gas, Inc., the Tulsa-based company that provides natural gas to 2.3 million customers in Oklahoma, Texas and Kansas, announced it will participate in the American Gas Association Financial Forum on Sunday and Monday, May 21-22, 2023, in Fort Lauderdale, Florida. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice …
California energy firm reports discovery of SE Oklahoma oil well
A California-based energy company, BNK Petroleum Inc. reported this week completion of a 560-barrel-a-day producing oil well in southeastern Oklahoma. The firm completed the Emery 17-2h in November of 2022 with production out of the Caney formation. Located at 8 4S 4E in Johnston County and a few miles north of the town of Mannsville, the …
AG not shy about environmental challenges in his first 100 days in office
From filing suit against the EPA over ozone emissions to challenging the government listing of the lesser prairie chicken as endangered, they are among the legal challenges undertaken by Oklahoma Attorney General Gentner Drummond in his first 100 days in office. Drummond joined a lawsuit against the Fish and Wildlife Service over its listing of …
Quick review of other energy stories
** The Pentagon is sounding alarms over Biden administration plans to advance offshore wind projects along the central Atlantic US coast, warning that almost all of the new terrain eyed for development conflicts with military operations. ** A federal appeals court on Monday overturned Berkeley, California’s first-in-the-nation ban on natural gas in new construction, agreeing …
Crude settled down more than 2% and OK energy stocks lost as well
Not only did crude oil prices turn lower on Monday but so did Oklahoma energy stocks as some fell 3% to 4% in the day’s trading. The cause? The U.S. dollar grew stronger and there are lingering concerns that there will be a possible interest rate hike by the U.S. Federal Reserve in May. …
Increased oil and gas production anticipated in Anadarko basin in May
Oil and gas production is expected to increase in the Anadarko Basin according to a new report from the U.S. Energy Information Administration. The Drilling Productivity Report showed production in the basin, which includes Oklahoma, will got from 450,000 barrels oil a day in April to 458,000 by May. Natural gas production will also climb …