Author's posts
ONEOK’s acquisition of Magellan Midstream is a done deal
ONEOK made it official on Monday, announcing the completion of its acquisition of Tulsa’s Magellan Midstream Partners, L.P. As reported last week by OK Energy Today, shareholders of both companies approved the plan. ONEOK said as a result, the creation was a “more diversified North American midstream infrastructure company focused on delivering essential energy …
Quick energy reads
** Two top Republican lawmakers are probing Sher Edling, a California-based law firm, over its dark money-fueled climate litigation against oil companies, Fox News Digital has learned. In a letter sent to Sher Edling partners Vic Sher and Matt Edling on Monday morning, Senate Commerce Committee ranking member Ted Cruz, R-Texas, and House Oversight Committee Chairman James …
Texas AG says counties cannot ban solar farm development
The interim attorney general in Texas ruled that county governments cannot ban the development of solar farms. The ruling came from Angela Colmenero, the interim attorney general while Ken Paxton awaits his impeachment trial. It came in a decison regarding Franklin County and Colmenero said state law does not give a county the authority …
Court changes mind—allows wind transmission line to move forward
The Grain Belt Express Transmission Line is moving forward again after an Illinois Appeals Court lifted a court order that had stalled its progress in the state. The line carries wind-powered electricity from Southwest Kansas and across Missouri and into Illinois and Indiana. The ruling allowing its movement forward came after the 5th District …
Oil and gas rig activity drops again in Oklahoma and across the U.S.
The declining numbers of oil and gas rigs in Oklahoma took another slide in the past week, as did the national rig count, reported Baker Hughes Co. on Friday. Oklahoma’s count fell by two to 37, far from the 65 rigs reported one year earlier. As a result, more rigs are no doubt being put …
US crude prices maintain $90 a barrel level
U.S. crude oil prices held steadfastly on Friday to more than $90 a barrel, closing at just a few cents higher than the mark as markets focused on supply concerns stemming from Russia’s fuel export ban. Oklahoma energy stocks recorded moderate gains for the day. West Texas Intermediate crude closed up 40 cents or 0.5% …
Xcel Energy gets funding for long-term energy storage projects
Xcel Energy announced that it has received a grant of up to $70 million from the U.S. Department of Energy (DOE). The award will partially fund two long duration energy storage systems in Minnesota and Colorado. Each demonstration-scale system will be a 10 megawatt/1,000 megawatt-hour iron-air battery developed by Massachusetts-based Form Energy. The batteries …
Floating LNG plant closer to reality in Mexico
Mexico’s first floating liquefield natural gas plant is only a small step away from reality. The last major piece needed for the plant’s completion is set to leave a Texas shipyard in the coming week. Click here for Reuters
Energy headlines
** Former President Trump took aim at Biden administration electric vehicle (EV) policy, claiming the president’s “ridiculous all-electric car hoax” is responsible for the United Auto Workers strike against major automakers. “Crooked Joe sold them down the river with his ridiculous all Electric Car Hoax,” Trump said on Truth Social in the early morning Saturday. “Within 3 years, all …
Black Mesa finds 1,500 barrel a day oil well in southern Oklahoma
Tulsa-based Black Mesa Energy scored a large producing oil well in southern Oklahoma, a well with oil production of more than 1,500 barrels a day. The Wolf Pack 36-25-1S-4W SXH2, located about 2 miles east of the town of Alma, was spud in Stephens County in November 2022 and completed in January 2023. It …