Tuesday , May 14 2024

Energy News

Lankford applauds a federal agency’s move for spending transparency

    Usually the creation of another government office means more bureaucracy and of course, more funding by taxpayers. But the recent announcement by the Office of Management and Budget of its launching of the Federal Program Inventory (FPI) drew praise from Oklahoma U.S. Sen. James Lankford, someone known for …

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Solar farm fight goes before Kansas legislators

    Farm groups in Kansas are urging the state legislature to adopt a bill to stop utilities from using the power of eminent domain for construction of solar farms in the state. Some opponents want legislators to go even further by prohibiting utilities using eminent domain to build huge …

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Ethanol plants ask to develop carbon sequestration projects in Kansas

  They will need approval from the Environmental Protection Agency, but two ethanol companies hope to construct the first carbon sequestration sites in the state of Kansas. Carbon sequestration involves the creation of deep underground wells where carbon dioxide emissions are pumped and removed from the atmosphere. It’s a controversial …

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What does a bank’s return of $250,000 mean in the scope of the winter bonds story in Oklahoma?

  The impact of a reimbursement of $250,000 by a bank that overcharged for its underwriting of winter storm bonds for an Oklahoma utility. What does it mean. Scott Mitchell and Jerry Bohnen talk about it in their latest edition of Mitchell Talks Energy. Just click the start arrow and …

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Crude oil rose Monday over Middle East tension

  While Monday was a holiday in the U.S. and the markets were closed, global crude oil prices managed a slight increase and analysts credited the continuing worries over the fighting in Gaza and Israel’s standoff with other groups of terrorists. Brent, the global benchmark, gained 9 cents and settled …

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Anniversary of Winter Storm Uri

    Three years ago this week, Oklahoma, Texas and a handful of other states endured what the National Weather Serevice called “one of the most impactful winter events in recent history.” Yes, 2021 Winter Storm Uri. Or at least that’s the name attached to it by the Weather Channel. …

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Thinking about earthquake insurance? Oklahoma Insurance Commissioner has some advice

Mulready: Earthquake Insurance – What You Need To Know By Oklahoma Insurance Commissioner Glen Mulready The Oklahoma Insurance Department (OID) kicked off February with a post on X, formerly known as Twitter, announcing our Earthquake Awareness Month social media campaign. Ironically enough, a 5.1 magnitude quake struck near Prague, Oklahoma, about eight and a …

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Settlement reached six years after oil train derailment

  Six years after the derailment of a BNSF crude oil train spilled 160,000 tar sand oil near the town of Doon, Iowa, a lawsuit has been settled over the matter. Landowners filed suit against BNSF asking for actual and punitive damages. They blamed the railway for the accident but …

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Southwestern Energy and Chesapeake Energy to release quarterly reports this week

  Still awaiting shareholder approval of its recently-announced merger with Oklahoma City’s Chesapeake Energy, Houston’s Southwestern Energy company plans to release its fourth quarter earnings report this week. The release will be on February 22 after the market close, according to Southwestern. It will be available on the company website,  www.swn.com. …

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Crude oil rose on Friday as concerns exist over Middle East fighting

The International Energy Agency report about slowing demand for crude oil wasn’t enough to offset growing concerns about the Middle East and the fighting there. As a result, crude oil prices on Friday rose. West Texas Intermediate crude finished up $1.16 or 1.49% per barrel at $79.19 on the New …

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