PEMA Professional Energy Marketers Association
Tesla’s 10-million-square-foot factory in East Austin, Texas is installing an estimated 70,000 solar panels to help provide electrical power to the EV manufacturing plant. At the same time, the EV maker has shifted more of its battery cell production from a German factory to Gigfactory Texas according to Electrek. …
Read More »US drilling rig numbers grew in past week while Oklahoma’s count slipped by one
The number of active oil and gas rigs in Oklahoma fell by one to 44 in the past week, while nationally, there was a gain of seven to reach a total of 629 reported Baker Hughes Co. on Friday. Oklahoma’s count of 44 compares to the 62 rigs reported …
Read More »Crude oil finished the week with a 3% gain while natural gas continued its slump
Despite a slight dip in crude oil prices on Friday, they still finished the week more than 3% higher because of rising demand from US refiners completing planned overhauls. Once again, natural gas prices slipped in Friday’s trading. West Texas Intermediate crude dropped 17 cents or 0.21% to close trading …
Read More »Oklahoma tribes to get $4 million to fight climate change
Nearly $1 million in federal funds aimed at helping Native American tribes with what are called climate resilience projects is going to four tribes in Oklahoma. It’s part of $120 million in funding for 146 Indian projects across the U.S., according to an announcement by the Interior Department. …
Read More »Report says US government has underestimated methane emissions from oil and gas operations
A new report contends oil and gas wells, pipelines and compressors across the U.S. are emitting three times the amount of methane into the atmosphere as the government claims. The lead author of a study in journal Nature says it’s cost more than $9 billion a year in climate damage. …
Read More »Entergy Arkansas on the hook for $135 million—not ratepayers
A federal judge recently ruled Entergy Arkansas is on the hook for a $135 million refund ordered by federal regulators. And it won’t be ratepayers who’ll be coughing up the money. The ruling stems from a system agreement that Entergy Arkansas had to operate as a pool with …
Read More »Pilots lose lawsuit against Cessna 14 years after plane crash near Tulsa
The Oklahoma Supreme Court recently ruled against two pilots who survived the crash of a single-engine Cessna airplane 14 years ago and sued Cessna Aircraft Company. The Justices upheld a lower court ruling that said Cessna was not responsible for a fire that broke out in the plane …
Read More »From soaring gasoline prices to spy planes in Oklahoma—Mitchell Talks Energy
What’s up at Mitchell Talks Energy with Jerry Bohnen? This week we discuss the sudden rise in gasoline prices just as the clock springs forward one hour. Why do we have to suffer this every year at the same time? Plus ‘spy’ planes and why they represent new jobs in …
Read More »What oil and gas industry contributed to Oklahoma in 2023
A new study reveals how the oil and gas industry in Oklahoma contributed 22% to the state’s economic activity. It’s what the Oklahoma Energy Resources Board reports. Oklahoma’s oil and natural gas sector remains a crucial pillar of the state’s prosperity and is yet again the most significant source …
Read More »Oil up, natural gas down and OK energy stocks experienced losses
Another gain for crude oil prices on Thursday as a prediction of a tighter world market this year resulted in a nearly 2% jump for the day. At the same time, natural gas prices suffered another drop. The International Energy Agency predicted there will be an oil demand growth for …
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