Wednesday , May 1 2024

Energy News

Judge puts ROFR law on hold in Iowa

  While some Oklahoma legislators and major utilities are considering a legislative push in the coming months to possibly create a Right of First Refusal law, a judge in Iowa has set aside that state’s ROFR law and regulation. The ruling came from an Iowa District Court judge for Polk …

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Veteran executive returns to head Commerce Department’s Aerospace Division

    After leaving the Oklahoma Department of Commerce three years ago to join a start-up aircraft company, Vince Howie has returned to be State Director of Aerospace & Defense for the agency. The Commerce Department announced this week that Howie will lead Commerce’s Aerospace & Defense team, also known …

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Filing reveals major owner in Tulsa’s Vital Energy

  A filing with the Securities and Exchange Commission shows that a major investor in Tulsa-based Vital Energy is the Midland, Texas investment firm Henry TAW LP. The filing indicated Henry TAW has 7,868,933 shares amounting to 22.66% of Vital Energy’s total of 28,671,878 shares of Common Stock. The statement …

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Slim chances for a White Christmas in Oklahoma

  Still not looking good for a White Christmas in Oklahoma. “Well, not so great,” wrote Oklahoma climatologist Gary McManus in Tuesday’s Mesonet report. “—we’re gonna call those fantasy-casts. Just for now. But nothing showing up as we get closer to Christmas Week. But next week does look a bit wetter.” This …

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Brief energy stories

** The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US diesel shipper to sail around the tip of South America en route to Chile for the first time since 2020. The vessel Green Sky is hauling ultra-low sulfur diesel loaded at Citgo Petroleum Corp.’s Clifton …

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Crude oil prices hit with more losses on Monday

A third consecutive day of losses hit crude oil prices on Monday as both Brent and WTI recorded declines of 1%. Investors are reported to be worried about a drop in demand and aren’t sure what to expect about just how deep the OPEC+ production cuts will be. West Texas …

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Growing intrigue of Attorney General’s probe discussed on Mitchell talks Energy with Jerry Bohnen

The intrigue continues from the legal repercussions of the AG’s subpoena of communications related to the 2021 winter storm. It is the focus of the latest edition of Mitchell Talks Energy with Jerry Bohnen.   The post Growing intrigue of Attorney General’s probe discussed on Mitchell talks Energy with Jerry …

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Board chairman at Empire Petroleum increases holdings in firm

  Empire Petroleum board of directors chairman Phil Mulacek recently increased his holdings in the Tulsa-based company with a $5 milllion purchase of shares. Two years ago Mulacek, founder of InterOil Corporation, owned nearly 18.4% of Empire when he joined the company’s board of directors. This week, Empire filed a …

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Senators and Reps demand answers over energy delay at bomb plant in McAlester

  Oklahoma’s Congressional delegation wants some answers from two top Biden administration officials why there is a delay in energy production for the McAlester Army Ammunition Plant. Led by Sen. James Lankford, the delegation sent letters of demand to Defense Secretary Lloyd Austin and Interior Secretary Deb Haaland. Joined by …

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Warm December weather might be around for two more weeks

Oklahoma Climatologist Gary McManus with the Oklahoma Mesonet says enjoy the warmer weather this week while you can. Maybe even into mid-December. “Sorry (not really), but I see no cold air coming down this way for the next 7-10 days, and maybe out to 14 days. All the REALLY cold air …

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