Public Service Company of Oklahoma filed another rate hike request with the Oklahoma Corporation Commission and if approved, its customers would pay another $14 a month. In an announcement on Tuesday, PSO defended the request, citing greater energy security, reliability, long-term affordability, resilience, safety and economic growth. The proposal will provide funding to harden …
November 22, 2022 archive
Crude prices rose Tuesday along with OK energy stocks
A pledge by exporter Saudi Arabia that OPEC+ would comply with its announced cuts in output sent crude oil prices up at least 1% in Tuesday’s trading. Oklahoma energy stocks saw gains as well. West Texas Intermediate crude for January delivery saw a 91 cent gain to $80.95 a barrel in trading on …
Cold discussion by Oklahoma regulators on OGE fuel charge request
Oklahoma Corporation Commissioners approved a move Tuesday to formally notify state leaders of the failure of the regulatory body to act within constitutionally required timelines on the request of OG&E to charge more to customers on their fuel adjustment collections. The coolness of the decision might have Commissioner-elect Kim David, who was in the …
More renewable energy courses funded at Northern Oklahoma College
A $2.2 million federal grant will help Northern Oklahoma College in the second year of a five-year effort to develop new STEM academic programs. The Enid News & Eagle reported the funding will allow the college to develop programs for associate degrees in Applied Science in Electronics Technology and in Precision Agriculture. Click here …
Hamm completes return of Continental Resources to private ownership
Billionaire Harold Hamm’s takeover of Continental Resources, Inc. and return to private ownership is for all practical purposes complete. The Oklahoma City company he founded in the 1960s announced Tuesday it was initiating the final steps in closing its previously announced merger with Omega Acquisition, Inc. Omega is the company created by Hamm and …
Other headlines of energy reports
** Tesla-competitor Lucid opens its first Texas showroom in a Plano shopping center, though state law bars it from selling direct to consumers. ** A solar developer plans to offset its utility-scale installations’ impacts on ecologically sensitive habitat by ending grazing on 215,000 acres of federal land, drawing opposition from California ranchers. ** Freeport LNG has not yet submitted a full …
Shareholder accuses 3 oil majors of secretive tax practices
ConocoPhillips and two other oil giants, Exxon Mobil Corp and Chevron Corporation are being accused of a lack of transparency over their global tax practices. The three companies have faced shareholder resolutions by Oxfam, the British-founded confederation of 21 independent charitable organizations that focus on the alleviation of global poverty. Oxfam America contends the …
New producing wells include several plays in Oklahoma
While Oklahoma saw an increase in drilling activity in the past week, the number of completions has been slow at the same time. The latest reports indicated drilling in the STACK, the SCOOP, and the WOODFORD plays. Reports filed this week showed Citizen Energy III LLC finished a two-well effort on a single …
Inhofe “disappointed” over government’s lesser prairie chicken listing
Oklahoma U.S. Sen. Jim Inhofe still thinks the U.S. Fish and Wildlife Service is taking the wrong action when it comes to listing the Lesser Prairie Chicken under the Endangered Species Act. The Senator said this week he was “extremely disappointed” to learn the Fish and Wildlife Service had taken the action. “I have …
Lucas fights FCC’s possible move on frequency band used by weather satellites
Oklahoma Congressman Frank Lucas thinks the Federal Communications Commission is heading down the wrong path when it comes to interfering with the radio frequencies used by the nation’s weather satellites. As the Ranking member of the House Committee on Science, Space and Technology, Rep. Frank Lucas and Democratic chair Eddie Bernice Johnson of Texas …
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