Energy Secretary Chris Wright gave a clue this week what he feels about government regulations of commercial nuclear and geothermal production. Get out of the way of private industry! It’s what he told reporters this week during a visit to Albuquerque, New Mexico. “They’re such high bars that we’ve just seen almost nothing happen …
New Mexico legislators fight off bills targeting oil and gas industry
As Oklahoma legislators grapple with bills about competitive bidding on public utility projects, calls for wind farm moratoriums and eminent domain, New Mexico legislators consider more bills to tighten restrictions on oil and gas and transmission lines. Remember, New Mexico is the nation’s number two oil producing state. A bill to create state regulations …
Gulfport releases 4Q earnings report
Despite a loss of $273 million in the fourth quarter and a full-year loss of $261 million, Gulfport Energy Corporation reported increased production and intends to expand production efforts this year. Gulfport reported financial and operating results for the three and twelve months ended December 31, 2024 and provided its 2025 outlook. The fourth quarter …
Was Mammoth Energy able to turn around 3Q losses?
The fourth quarter and full-year financial results for Mammoth Energy Services, Inc. will be revealed in early March as company executives remain hopeful the firm reversed the losses experienced in the third quarter. The Oklahoma City energy firm plans a release before the market opens on Friday, March 7, 2025. Executives will follow the …
Trump calls for building of Keystone XL pipeline
A revival of the Keystone XL pipeline? It’s what President Trump is talking about, stating Monday he wants to revive the pipeline killed by former President Joe Biden on day-one of his presidency. But the developer isn’t so eager to jump on the bandwagon. “The company building the Keystone XL Pipeline that was viciously …
Energy briefs
** Researchers at The Ohio State University have developed a battery that can convert nuclear waste into electricity. This innovative technology utilizes ambient gamma radiation from spent nuclear fuel to power electronics and offers a cleaner and more efficient energy source. ** Donald Trump’s freshly appointed Environmental Protection Agency chief is trying to seize $2 billion in …
Wind turbine tower collapses in northern Oklahoma
What brought down a wind turbine in northern Oklahoma? It’s a question under investigation near the Kay County town of Kildare where the monster wind tower collapsed into a heap. The collapse was felt by residents two miles from the scene. Click here for KFOR TV News
Crude oil hit two-month low while OK energy stocks suffered again
Crude oil prices on Tuesday dropped nearly 2% to a two-month low following weak economic news in the U.S. and Germany. The news added to fears of slower energy demand. WTI hit its lowest lowest close since December 10 and Brent marked its since December 23. West Texas Intermediate fell $1.77 or 2.5% to …
Sen. Lankford is asked to investigate Democrat Senator accused of ethics violations over wife’s environmental group
Oklahoma U.S. Sen. James Lankford has a decision to make when it comes to an ethics and environmental issue and a Democrat Senator. He must decide whether to proceed with an ethics investigation of Sen. Sheldon Whitehouse, D-R.I., who is being accused of violating ethics rules after backing laws that financially benefited his wife’s environmental organization. …
EPA won’t reverse Biden approval of E15 year-round sale
One project of the Biden administration that won’t be reversed by the Trump administration is allowing year-round sale of higher-ethanol E15 fuel in the midwest. Lee Zeldin, Administrator of the Environmental Protection Agency said the agreed-upon date of April 28 to make the fuel available in eight states will go ahead as planned. Governors …