This week’s decision by German automaker Volkswagen to build an EV battery plant in Canada rather than in Oklahoma came after the state put together a nearly $700 million incentive package. It apparently wasn’t enough and VW picked St. Thomas, Ontario, Canada. Canadian leaders hailed it as a major vote of confidence in their …
Biden’s Democratic supporters in disbelief over his Alaska oil drilling project for ConocoPhillilps
Environmentalists can’t believe President Biden did what he did this week in approving more oil drilling on federal land in Alaska. They say he violated his 2020 campaign pledge to ban all new oil drilling on federal land by granting permission to ConocoPhillilps to carry out the $8 billion ConocoPhillips Willow oil project, which is expected …
Enviros wanted more restrictions on Keystone pipeline following Kansas leak
A slap on the wrist. It’s what environmentalists are calling a federal order issued last week for TC Energy to lower the pressure in part of its Keystone Pipeline following the December oil spill in rural northern Kansas. The order could affect the flow of oil to the Cushing Hub in northern Oklahoma. The Department …
Paloma Operating is busy in the STACK play
Houston’s Paloma Operating Company had a recent flurry of drilling activity in Oklahoma’s STACK play including two single-pad wells with combined production of more than 900 barrels of oil a day. The two wells, located about 4 miles northwest of the city of Kingfisher at 31 17N 7W in Kingfisher County were completed in …
Residents of small south Texas town complain of crude oil leak
An oil leak that started in late January but not reported to the Environmental Protection Agency until late February has stirred anger among the residents of the small South Texas town of Dayton, just east of Houston. They recently voiced their disappointment at a meeting with officials of AmCorCo Corporation, telling stories of a …
VW picks Canada over Oklahoma for new EV battery plant
A year after Panasonic chose Kansas over Oklahoma for a $4 billion EV battery plant, Oklahoma lost in a bid to land a multi[-billion dollar Volkswagen battery plant. The company announced its decision Monday, saying it decided to build the plant in Canada. “The Group and its battery company PowerCo have selected St. Thomas …
Crude oil hit by bank failure and OK energy stocks suffered too
Crude oil dropped more than 2% in Monday’s trading and Oklahoma energy stocks suffered—some with 5 to 6% losses. The collapse of Silicon Valley Bank left equities markets stirred and fears grew again of a fresh financial crisis. West Texas Intermediate crude fell $1.88 a barrel or 2.5% to close at $74.80 on the …
Mitchell talks energy
What’s the focus of discussion this week on Mitchell Talks Energy? Scott Mitchell and OK Energy Today’s Jerry Bohnen talk about investigations in Oklahoma and other states of what prompted utility bills to climb so high in recent years. Plus, they discuss train derailments and Gov. Kevin Stitt’s blocking of contaminated soil being shipped …
Nation’s only refinery for cobalt and nickel to be built in Lawton
Oklahoma’s Westwin Elements, based in Bartlesville plans a new $450 million refinery for key metals in Lawton. It plans to build the refinery on a 480-acre tract in an existing industrial park in Lawton and eventually employ up to 2,000 workers. The company secured $5.4 million in Series A investment and pre-approval from a …
Willow drilling project in Alaska approved for ConocoPhillips
Despite heavy opposition from environmentalists, the Biden administration on Monday announced approval of the controversial Willow oil drilling project in Alaska and it was welcome news to ConocoPhillips. The administration also announced new limits on Arctic drilling in an apparent effort to temper criticism over the $8 billion Willow oil project, which has faced …