PEMA Professional Energy Marketers Association
Tulsa’s Williams Cos. recently received a $975,000 grant to study carbon capture and storage efforts in Wyoming. The Wyoming Energy Authority, funded by the office of Governor Mark Gordon, awarded Williams the grant to study development of a saline CO2 storage hub near Williams’ Echo Springs gas plant in …
Read More »Crude recorded gains on Wednesday but natural gas made another drop
Crude oil recorded another gain on Wednesday but natural gas prices in the U.S. slid again. Crude managed a nearly 1% increase on a smaller-than-expected increase in U.S. crude inventories, including those at Oklahoma’s Cushing Hub. A big withdrawal of distillate and gasoline stocks also played a role in sending …
Read More »Slow increase in crude stocks at Cushing and the US
The slow buildup in crude oil stocks across the U.S. and at the Cushing Hub in Oklahoma continued again in the past week. Cushing added 700,000 barrels in the period from February 23 to March 1 when it hit 31.7 million barrels stored in its huge tanks. Earlier in …
Read More »Oklahoma City’s LSB Industries endured tough financial 4Q and year
Oklahoma City’s LSB Industries released its fourth quarter and full year 2023 financial results this week showing a drop in sales and a $5 million quarterly loss, prompting leadership to delay a planned expansion of one of its fertilizer and ammonia plants in Arkansas. It proved to be a …
Read More »More government transparency in Oklahoma? Or less?
While one Oklahoma House bill proposes what appears to be fewer opportunities for the public to see how a state agency handles state business, another has won full support in the House in the context of making government more transparent. HB3937, by Rep. Melissa Provenzano, D-Tulsa would require public bodies …
Read More »Rep. Lucas wonders what’s more important…military security or reporting climate emissions
Oklahoma Congressman Frank Lucas is among some in the House who wonder if the Biden administration has gone too far in a proposed emissions rule, one that would require the Defense Department to report on the emissions from its military activities. Lucas chairs the House Science, Space and Technology …
Read More »Enviros launch satellite to monitor world’s methane leaks from oil and gas sites
A new satellite is orbiting the earth with one goal in mind—to measure the amount of methane emissions from oil and gas companies in Oklahoma, the U.S. and the rest of the world. It was sent into space not by the federal government but by an environmental group that …
Read More »ROFR or NOFR…..it’s still alive in the Oklahoma legislature as we hear in Mitchell Talks Energy
This week of Mitchell Talks Energy with Jerry Bohnen, we have an analysis of the so-called ‘NOFR” bill, impactful legislation which we’ve been discussing for months. The bill is now awaiting State senate action, and Josiah Neeley of the R Street Institute helps us analyze the claims of both sides …
Read More »Crude oil prices saw another drop in Tuesday’s trading while OK energy stocks rebounded
Crude oil prices dropped nearly 1% in Tuesday’s trading while Oklahoma energy stocks rebounded following Monday’s day of losses and natural gas prices continued their slow decline. What triggered the crude oil drop? Mostly skepticism about China being able to achieve its economic growth target according to Reuters. Plus …
Read More »Clean Air Standards Act becomes law in New Mexico
New Mexico Gov. Michelle Lujan Grisham this week signed House Bill 41, Clean Transportation Fuel Standards, into law, making the state the fourth in the nation to enact the standards. HB41 allows producers and importers of low-carbon transportation fuels to generate clean fuel credits to sell to producers and …
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