BlackRock’s Larry Fink says company’s investment policies are not discriminatory

  “BlackRock has never supported divesting from traditional energy firms.” That’s the claim BlackRock’s Larry Fink made in his annual letter to employees as the company fights claims in Oklahoma and other oil and gas producing states that the firm’s ESG policies are discriminatory. Entitled “Time to Rethink Retirement,” the lengthy letter included Fink’s comments about …

Continue reading »

Canoo acquires manufacturing equipment from bankrupt EV firm Arrival

  Canoo, the EV manufacturer in Oklahoma City, is taking advantage of a competitor’s bankruptcy and acquiring its manufacturing equipment to be used in Oklahoma. Canoo has acquired what is labeled as “advanced” manufacturing equipment from bankrupt commercial EV startup Arrival headquartered in Europe. A report indicates that the equipment is packed into more than 20 …

Continue reading »

Lithium production leads to questions about lack of regulation

    An investigation by Reuters into the nation’s lithium development found a confusing mix of who might regulate such large projects as those in southern Arkansas’ Smackover play. It found for example that in Oklahoma, no one seems to know who might regulate any lithium projects. The Oklahoma Corporation Commission contends it has no …

Continue reading »

Construction worker killed on I-35 work zone in northern Oklahoma

  A driver who might have fallen asleep at the wheel led to the death of one construction worker and injuries to two others Monday morning on Interstate 35 near Tonkawa in northern Oklahoma. The Oklahoma Highway Patrol identified the dead constrution worker as Jacob Matuszczak, 19, of Wichita, Kansas. He worked for Wildcat Companies, …

Continue reading »

Industry watchdogs believe glut of gas will cause more flaring in Permian Basin

  Environmentalists fear there will be an increased amount of flaring of natural gas in the Permian Basin because of a mild winter and a glut of cheap gas. And some Oklahoma firms are among those being watched closely over their Permian Basin operations. “They have to get rid of the gas because it’s going …

Continue reading »

Texas House committee to investigate Biden’s LNG port freeze

Texas legislators have launched their own investigation into President Biden’s recent freeze on future LNG export permits, a White House move that angered not only the oil and gas industry but states such as Oklahoma where there is a heavy presence of the industry. Texas House speaker Dade Phelan announced this week he has formed …

Continue reading »

Energy quick reads

** A major bridge in the US city of Baltimore collapsed early Tuesday after being struck by a container ship, sending multiple vehicles and people plunging into the frigid harbor below. Dramatic footage showed a 300-meter vessel hitting the Francis Scott Key Bridge, bringing the steel-built structure crashing into the Patapsco River. ** An aluminum company has …

Continue reading »

Mach Natural Resources to release 2023 financial report

    The full year 2023 and fourth quarter financial and operating results for Oklahoma City’s Mach Natural Resources LP will be released next week. The company that has oil and gas operations in the Anadarko Basin of western Oklahoma and southern Kansas and into the Texas Panhandle will release the results on Monday, April …

Continue reading »

Crude oil prices made gains in Monday’s trading and so did OK energy stocks

  Russia’s decision this week to curb oil output and its attacks on natural gas lines in Ukraine resulted in higher crude oil prices in Monday’s trading. Ukraine’s attacks on Russia’s energy infrastructure also added to increased prices. At the same time, Oklahoma energy stocks recorded gains for the day. West Texas Intermediate crude rose …

Continue reading »

Cole remains critical of President’s freeze on LNG port permits

  In a recent Washington update, Oklahoma Congressman Tom Cole delivered another blast critical of the Biden administration’s latest “Green New Deal” gift—-the President’s freeze on new permits for LNG export terminals. “This short-sighted decision was nothing more than a political move to placate environmentalists at the expense of the American people and our economic …

Continue reading »