Still confused about President Biden’s decision to axe the Keystone XL pipeline? Oil and gas industry supporters still decry the move and see it as a Democratic president caving to the extreme left including environmentalists. Others contend it was a move made to stave off climate change and help clean the nation’s environment. An …
Texas moves closer to power grid reforms
Efforts to reform the power grid in Texas following February’s winter storm that killed more than 100 state residents are closer to Republican Gov. Greg Abbott’s desk. The Associated Press reports that both the GOP-controlled House and Senate have approved such reforms putting the state’s power grid under new oversight. Click here for Associated …
Focus on OPEC+ leads to tumbling crude oil prices and Oklahoma energy stocks
Up Monday, down Tuesday. It’s what happened to crude oil prices and Oklahoma energy stocks also had a down day. West Texas Intermediate crude for May deliver fell $1.01 to $60.55 a barrel in Tuesday’s trading on the New York Mercantile Exchange. Global benchmark Brent crude dropped 84 cents to $64.14 a barrel on …
Oklahoma regulators at odds with legislators over motor vehicle enforcement
The efforts of two eastern Oklahoma Republican lawmakers to remove some motor vehicle enforcement powers from the Oklahoma Corporation Commission were formally opposed Tuesday by the state regulators. By a vote of two-one, commissioners came out against Senate Bill 691 and Senate Bill 617 authored by LeFlore County Sen. Mark Allen and Muskogee Rep. …
Consumers show their feelings about online purchases of EVs
As Oklahoma legislators consider a bill banning direct sales of Electric Vehicles to consumers, thereby avoiding a manufacturer’s showroom or new car dealer, reports suggest consumers wouldn’t mind an online purchase of a new EV. OK Energy Today reported last week about SB822 which has yet to make it to a full vote because …
New Mexico to crack down on oil industry venting and flaring
Oklahoma energy explorers busy in New Mexico’s share of the Permian Basin will soon be faced with new and stricter venting and flaring rules, all in the name of reducing greenhouse gas emissions. The New Mexico Oil Conservation Commission voted unanimously last week in support of a final rule to eliminate routine venting and …
Not so fast with hot weather arriving in Oklahoma
As energy workers in the state wonder when the last of the chilly weather will depart Oklahoma, the Panhandle recorded a Monday high of 88 degrees, the warmest weather so far this year. Then to confuse the sun worshippers, a freezing temperature was recorded Tuesday morning in Boise City. “THAT is the Panhandle for …
US senators press FERC to act on expanded North Bakken gas pipeline
The Federal Energy Regulatory Commission is urged by U.S. Senators from North Dakota to give quick approval to a 60-mile pipeline that they contend will cut methane emissions in the state. Their request focuses on WBI Energy Transmission’s North Bakken Expansion project. If approved, the project would provide incremental firm capacity from six gas …
Federal Judge voids Western Colorado fracking plan
Four years after the Bureau of Land Management approved a fracking plan for more than 935,000 acres of land with a potential development of nearly 4,000 new oil and gas wells in western Colorado, a federal judge has approved an order rescinding the plan. The ruling last week came in a lawsuit brought by …
Oil state senators urge EPA to waive RFS blending requirements
Oklahoma’s Republican U.S. Sens. Jim Inhofe and James Lankford were among 13 republican oil state senators who urged EPA Administrator Michael Regan to use his general waiver authority to reduce Renewable Fuel Standard blending requirements. The requirements are part of the U.S. Supreme Court challenge made by CVR Energy, operator of the Wynnewood refinery. …