ONE Gas, Inc., the Tulsa-based company that provides natural gas to 2.3 million customers in Oklahoma, Texas and Kansas, announced it will participate in the American Gas Association Financial Forum on Sunday and Monday, May 21-22, 2023, in Fort Lauderdale, Florida. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice …
Category: Oil & Gas
California energy firm reports discovery of SE Oklahoma oil well
A California-based energy company, BNK Petroleum Inc. reported this week completion of a 560-barrel-a-day producing oil well in southeastern Oklahoma. The firm completed the Emery 17-2h in November of 2022 with production out of the Caney formation. Located at 8 4S 4E in Johnston County and a few miles north of the town of Mannsville, the …
Quick review of other energy stories
** The Pentagon is sounding alarms over Biden administration plans to advance offshore wind projects along the central Atlantic US coast, warning that almost all of the new terrain eyed for development conflicts with military operations. ** A federal appeals court on Monday overturned Berkeley, California’s first-in-the-nation ban on natural gas in new construction, agreeing …
Crude settled down more than 2% and OK energy stocks lost as well
Not only did crude oil prices turn lower on Monday but so did Oklahoma energy stocks as some fell 3% to 4% in the day’s trading. The cause? The U.S. dollar grew stronger and there are lingering concerns that there will be a possible interest rate hike by the U.S. Federal Reserve in May. …
Increased oil and gas production anticipated in Anadarko basin in May
Oil and gas production is expected to increase in the Anadarko Basin according to a new report from the U.S. Energy Information Administration. The Drilling Productivity Report showed production in the basin, which includes Oklahoma, will got from 450,000 barrels oil a day in April to 458,000 by May. Natural gas production will also climb …
Regulators to review PSO’s latest rate hike request
A proposed PSO rate hike that one opposing group said would cause job losses will be reviewed this week by Oklahoma Corporation Commissioners. It will come on the same day the regulators might vote on a final order approving the utility’s request for approval of its $2.4 billion renewable energy project involving the acquisition …
Not your everyday gas thieves
The three men sitting in a Texas jail aren’t there for just a simple siphoning of gas from a car. No, they’re held on charges of running an organized fuel ring in which they allegedly stole 18,000 gallons of gas from one station. As Fox News reported, it happened at Rickey Rockets gas station …
Devon Energy awards grants to nonprofits in central Oklahoma
Devon Energy announced it awarded $75,000 in special grants to 11 local nonprofits. It is the third year of the Inclusion and Equity Grants program in central Oklahoma and is part of the energy company’s commitment to support diverse communities. “Devon recognizes our differences make us stronger,” said Christina Rehkop, Devon director of community …
Energy fast reads
** More than a dozen environmental groups are suing the federal Environmental Protection Agency over its failure to set water pollution limits for some industrial contaminants as well as its reluctance to update decades-old standards for others, arguing that the agency’s inaction amounts to a “free pass to pollute” for hundreds of chemical and fertilizer …
Loves Travel Stops expands to include stores along Oklahoma and Kansas Turnpikes
Love’s Travel Stops, the company based in Oklahoma City, will soon be available on turnpikes across Oklahoma and in Kansas. The company is taking over the EZ GO chain and the deal involves six locations along Oklahoma turnpikes and five on the toll roads in Kansas. The takeover from the Carey Johnson Oil Company …