Author's posts
Competition heats up in lithium development at Arkansas’ Smackover formation
Competition. It’s the name of the game in southern Arkansas and the game is development of lithium, the mineral badly needed for the nation’s growth of electric vehicles. We’ve covered the rapid acceleration of Oklahoma City’s Galvanic Energy and its recent $100 million deal with ExxonMobil on the thousands of acres leased by Galvanice …
LSB leaders try to find more investors
Leaders of Oklahoma City-based LSB Industries are hoping to attract more investors as they prepare to attend at least three approaching conferences. President and Chief Executive Officer Mark Behrman and EVP & Chief Financial Officer Cheryl Maguire will represent the company at each of the events. CEO Behrman will attend the UBS Chemicals …
Oil and gas group fights bans of natural gas hookups in Colorado
An advocacy group funded by some of Colorado’s largest oil and gas producers is calling for a statewide ballot initiative to stop cities and counties from banning natural gas hookups in new buildings. Lawyers working on Protect Colorado’s behalf submitted draft language for the potential 2024 ballot measure to state officials on Aug. 25. …
The fight over a tiny lizard and how it could stall Permian Basin oil production
Cute little rascal, isn’t he? He’s now at the center of a fight in the nation’s richest oil and gas region—the Permian Basin. The oil and gas industry is standing up to government efforts to designating the small dunes sagebrush lizard an endangered species in West Texas, right in the heart of the Permian …
Depending totally on the GRID
Just something to ponder as you consider how to power your home. Or whether to switch to an all-electric home. While the Biden White House adopted a government-wide policy to “accelerate affordable, equitable, and efficient electrification of American homes, businesses, and transportation,” it also raises the question of the danger of depending totally …
Quick reads
** President Biden on Wednesday said he would welcome a potential Republican investigation into the federal government’s response to deadly wildfires in Maui after he laid out what his administration has done to help the island recover. ** Rivian, an electric vehicle manufacturer, is teaming up with renewable energy company BrightNight and environmental organization The …
Gains made by crude oil on tight crude supplies in US
Tighter-than-expected crude supplies in the U.S. prompted a slight gain in oil prices on Wednesday. At the same time, most Oklahoma energy stocks made increases for the day. West Texas Intermediate crude recorded a 47 cent gain to $81.63 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, rose 37 cents …
Crude oil inventories fall more in US and at the Cushing Hub
Another fall in crude oil inventories was reported across the U.S. and including at Oklahoma’s Cushing Hub. The Energy Information Administration reported national stocks fell by 10.6 million barrels in the past week, far more than expected on the back of increased exports. Crude inventories fell to 422.9 million barrels, the lowest amount since …
Kansas regulators deal a setback for Evergy’s proposed rate hikes
Customers of Evergy, including the city of Wichita, aren’t the only ones who believe a $218 million rate hike proposed Evergy isn’t justified. Now the Kansas Corporation Commission agrees. Regulators announced this week its staff concluded Evergy should not raise rates, but rather lower them, especially in the Kansas City area. The staff also …
Is ESG movement by investment firms growing weaker?
While the state of Oklahoma kept BlackRock on its list of investment firms banned from handling state pensions and investments because of its ESG policies, things are quickly changing for the New York company. BlackRock made Oklahoma’s first list of blackballed companies because it targeted the state’s oil and gas industry, and that wasn’t …