Oklahoma City’s Devon Energy just made its first step into investing in renewable energy and it did so with a $10 million investment of geothermal energy. The investment was with Fervo Energy, the next-generation leader in geothermal technology. The investment initiates a partnership between two technical leaders and applies Devon’s 50-plus years of innovation in …
Latest wells to be reported by drilling companies in the state
Here is a review of some of Oklahoma’s latest wells to be reported by energy companies. Calyx Energy III LLC of Tulsa filed a completion report on another eastern Oklahoma gas well. The Jasmine 3-28-33wh, located in Hughes County and southeast of Wetumka at 28 8N 12E , produced 1,346 Mcf of natural gas …
Energy headlines from the US and the world
** A Michigan GOP state lawmaker is asking Congress to demand all “federal resources available” to investigate whether Gotion High-tech, a Chinese energy company with U.S. subsidiaries, is doing business or attempting to do business with enemies of the United States. ** A Nevada county rescinds a geothermal energy company’s exploratory drilling permit in the Black Rock …
Crude oil held steady in Tuesday’s trading
Tuesday brought weak changes in crude oil prices as investors learned of positive economic data about No. 2 oil consumer China. It dampened some existing worries that U.S. interest rates could be raised in the coming weeks. West Texas Intermediate crude closed up 3 cents or 0.04% at $80.86 a barrel in trading on …
Improved auto dealers bill sent to Gov. Stitt
Only the governor’s signature stands in the way of a bill that its principal author, Rep. Mike Dobrinski, R-Okeene, says will modernize Oklahoma’s automobile franchise laws in the state. Senate Bill 593, which passed the House with a vote of 97-0, is the culmination of several years’ work by the Oklahoma Auto Dealers Association and their …
Alliance Resource investors await 1Q financial results
Alliance Resource Partners, L.P. plans to release its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023. Executives and investors will no doubt be expecting another strong financial performance for the firm following its record performance in 2022. The Tulsa company, with major coal operations throughout the eastern U.S. …
Colorado politicians try to reverse oil train decision
The fight by some Colorado residents and politicians is heating up against a planned railway service to transport crude oil out of Utah and through Colorado. Some members of the state’s congressional delegation are opposed to the Uinta Basin Railway, an 88-mile railroad to collect the oil fields of the Unita Basin with the …
Lucas wants NOAA to be an independent agency
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 …