June 20, 2022 archive

Oklahoma Reps voted against Demos lower fuel cost proposal

  When the U.S. House passed a Democrat-led bill  last week called the Lower Food and Fuel Costs Act, it won approval but not with any support from Oklahoma’s U.S. Representatives. The H.R. 7606 passed on a vote of 221-204. Why did Oklahoma House members vote against it? Rep. Tom Cole issued a statement: “President …

Continue reading »

Reports show Pruitt lacking in large campaign account

  Former EPA Administrator Scott Pruitt isn’t doing so well in his fund-raising of his run for one of Oklahoma’s two U.S. Senate seats. A campaign finance filing he made recently showed he managed to raise about $120,000 in the first two months of his campaign to win the GOP nomination in the June 28 primary. The …

Continue reading »

Rig activity unchanged in most states except New Mexico

  As the number of oil and gas rigs active in Oklahoma was unchanged last week, the nation’s count increased by 7 to a total of 740 and every one of the additional 7 was in New Mexico. A Baker Hughes report on rig activity showed Oklahoma stayed at 59 rigs and Texas was unchanged …

Continue reading »

Gulfport Energy concludes annual shareholders meeting

  The annual meeting of shareholders in Oklahoma City-based Gulfport Energy was held recently. It was held by remote communication during which shareholders voted on three proposals. Timothy J. Cutt, David Wolf, Guillermo Martinez, Jason Martinez and David Reganato were elected to serve as the company’s directors until the 2023 annual meeting of stockholders. Shareholders …

Continue reading »

Helmerich and Payne reaches out to attract more investors

  Helmerich and Payne, Inc. of Tulsa will attempt to get new investors during a presentation this week in New York City. Its executive leadership will take part in the J.P. Morgan 2022 Energy, Power & Renewables conference on Wednesday and Thursday, June 22-23. John Lindsay, President and Chief Executive Officer along with Mark Smith, …

Continue reading »

Gold King mine spill results in $32 million for state of New Mexico

  The foul-up by the EPA in causing the Gold King mine spill nearly seven years ago means $63 million in taxpayer’s money will go to the state of New Mexico and the Navajo Nation. The mine spill began near Silverton, Colorado and the polluted water eventually made its way into rivers and streams in …

Continue reading »

OGE rate hike case turning into unusual event

  When an Administrative Law Judge of the Oklahoma Corporation Commission holds a June 27 hearing on the $163.5 million rate hike request, it promises to be something of a rare event. Two joint stipulations and settlement agreements regarding the request will be considered, something that long-time observers of the Corporation Commissioners haven’t seen in …

Continue reading »

Oklahoma oil and gas group attacks OGE’s rate hike request

  In opposing Oklahoma Gas and Electric company’s $163.5 million rate hike, the state’s largest and most influential oil and gas group said regulators should not approve such an increase until the utility fulfills its pledge to correct inadequate planning and preparation it had for the February 2021 winter storm Uri. It also heavily criticized …

Continue reading »

Crude settled to four-week low on Friday—OK Energy stocks suffered

Concerns that major central banks in the U.S. might hike interest rates and slow the world economy sent crude oil prices on Friday tumbling nearly 6% to a four-week low. It also was a sore day for Oklahoma energy stocks as some slid by 10%. Now the question is, whether prices and the energy stocks …

Continue reading »

Scramble by renewable energy developers in eastern Colorado

  Excel Energy’s recently approved $1.7 billion Power Pathway transmission line project is reportedly causing a land rush of sorts in eastern Colorado. Some ranchers and farmers call it the new “cash crop” as wind and solar developers scramble to lock up land for their projects reported the Colorado Sun. Click here for Colorado Sun …

Continue reading »