Author's posts
Sens. Mullin and Lankford oppose latest EPA rule on landfill gas operations
Oklahoma U.S. Sens Markwayne Mullin and James Lankford contend the EPA’s latest proposed rule regarding waste-to-energy operations might be going too far and hurt Oklahoma landfill operations. The two sent a letter to environmental Protection Agency Administrator Michael Regan to express their concern over the proposed rule. Mullin is the Ranking Member of the Environment …
Friday is deadline for Hiett’s response in fight over utility rate case voting
Oklahoma Corporation Commissioner Todd Hiett has until Friday, Sept. 27 to respond to a legal move made by three state legislators to remove him from voting on rate cases involving PSO, ONG and OGE in light of allegations of public drunkenness and sexual assault made against him. The Supreme Court issued an order this …
Chesapeake Energy finishes merger with new name after winning FTC approval
After waiting extra months for approval from government regulators, Oklahoma City’s Chesapeake Energy announced Thursday its merger with smaller rival Southwestern Energy Company was finally approved and it came with a new name. While the new company will be called Expand Energy, its headquarters will remain in Oklahoma City. Chesapeake stated in its announcement …
Vital Energy and Northern Oil and Gas complete takeover of Permian Basin assets
Tulsa’s Vital Energy, Inc. and Northern Oil and Gas, Inc. announced this week they closed their $1.1 billion acquisition of oil and gas operations in the Permian Basin. The deal just increased the holdings for Vital. Vital Energy acquired 80% and NOG the remaining 20% of Point Energy Partners which is a portfolio company …
Gulfport Energy makes $25 million in stock buyback
Oklahoma City’s Gulfport Energy Corporation revealed it repurchased nearly $25 million in its shares from Silver Point Capital, L.P. In a SEC filing, the company explained Silver Point Capital agreed to sell 170,000 shares of the company’s common stock at a price of $146.25 per share. It represented an approximate 2% discount to the last …
Support for NASA given by Congressman Lucas and others on House Committee
NASA got a big boost this week from Oklahoma Congressman Frank Lucas and other members of the House Science, Space, and Technology committee when they passed the NASA Reauthorization Act of 2024. Officially known as H.R. 8958, the NASA Reauthorization Act of 2024, the measure reaffirmed the U.S. commitment to leading global space …
Report shows U.S. is the world’s largest gasoline exporter
Data source: U.S. Energy Information Administration, International Energy Agency, and Facts Global Energy The United States is the world’s largest exporter of motor gasoline (finished gasoline plus gasoline blending components), supplying over 16% of total global exports. U.S. motor gasoline exports in 2023 averaged 900,000 barrels per day (b/d), equivalent to about 10% of domestic consumption and enough …
Partnering with the White House in a $1 billion deal to support EV expansion
The Biden-Harris administration isn’t letting up on granting government money in the name of green energy and EVs. It was announced this week that Monroe Capital was partnering with the White House to begin a $1 billion initiative to improve the country’s efforts for electric vehicles. It is called “Drive Forward Fund LP” and …
Energy briefs
** Utility Dive reported total investment in hydrogen projects has grown from $390 billion in May 2022 to an expected $680 billion in May 2024, according to a new report by the Hydrogen Council, a global industry trade group. North America claimed $96 billion of that funding, according to the report. ** The U.S. Federal Trade …
Mach Natural Resources announces purchase of more of its shares
Mach Natural Resources LP of Oklahoma City announced this week the underwriters of its previously announced public offering of more than 7 million shares partially exercised their option to buy more of the shares. The original offering was of 7,272,728 common units representing limited partner interests in Mach. But the underwriters exercised their …