While dealing with supply issues, rolling blackouts and sub-zero wintry weather, ONE Gas in Oklahoma decided Wednesday was not the day to release its fourth quarter earnings report. Not good timing to be talking about profits when you consider the millions of customers served in Oklahoma, Kansas and Texas who are dealing with rolling …
February 17, 2021 archive
Spot natural gas prices hit nearly $1,000 in Oklahoma
The wintry grip on Oklahoma has sent natural gas prices in Oklahoma up to nearly $1,000 per million British thermal units. Reports indicated the $999 MMBtu price was indicated for two contracts at the Oneok Gas Transportation hub in the state. It represented a 24,000% increase compared to a week earlier. David Hoy, a …
Mullin reintroduces cable transparency bill as part of broadband connectivity agenda
Oklahoma congressman Markwayne Mullin tried again to get congress to pass his Cable Transparency Act in an effort to expand broadband connectivity in eastern Oklahoma. This week, he reintroduced the Act to bridge what he contends is a digital divide and create new opportunities for cable operators and franchise authorities. The Act was reintroduced …
Oil recovery from winter storm in Texas won’t be fast
As the Permian Basin’s oil production is down an estimated one million barrels of oil a day because of the coldest weather in 30 years, some analysts and industry experts are saying the recovery could take weeks—-once the warmer weather returns. That represents a significant impact on the nation’s shale oil and its natural …
Questions and finger pointing in Texas over the deadly winter storm
A lot of finger-pointing is going on in Texas where millions lost power in the winter storms that bashed the state, resulting in frozen wind turbines and natural gas operations. Some want to put the blame on the frozen wind turbines which produced a large percentage of electricity in Texas. Others argue, “no, no…it’s …
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