One former Oklahoma Corporation Commissioner contends the state legislature has an opportunity to stop the kind of soaring utility bills that have hit customers following the 2021 Winter Storm Uri. Writing in The Oklahoman, Jeff Cloud, now Executive Director of the Alliance for Security Energy, said legislators should pass SB1103 which he says is …
Category: Oil & Gas
ExxonMobil opens expanded Beaumont refinery
ExxonMobil announced the successful startup of its Beaumont, Texas refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than a decade …
Helmerich and Payne to attend 2 conferences this week seeking new investors
Leadership at Tulsa’s Helmerich & Payne plan to be a part of some energy conferences this week as the firm seeks new investors. John Lindsay, President and Chief Executive Officer will be joined by Mark Smith, Senior Vice President and Chief Financial Officer, Trey Adams, Senior Vice President of Digital Operations, Sales and Marketing, …
Arkansas AG starts effort to investigate Summit Utilities for alleged price gouging
After first being sued by consumers and accused of “price gouging” over its purchases and sales of natural gas, Summit Utilities now faces a possible investigation by Arkansas Attorney General Tim Griffin. It’s a move that could affect Summits’ nearly 99 thousand customers in Oklahoma. His office filed a motion with the Arkansas Public …
Senators file bill to allow year-round sale of E15 ethanol fuel
A bill to require year-round production and availability of higher-ethanol fuel blends, a move seen as benefitting corn-producing states, was introduced by U.S. Sens. Deb Fischer of Nebraska and Amy Klobuchar of Minnesota. Under their bill, the sale of so-called E15, which is 15% rather than 10% ethanol would no longer be restricted during …
Quick energy reads
** The 2023 Annual Energy Outlook from the Energy Information Administration (EIA) finds that U.S. oil production may even increase between now and 2050 even as clean energy sources like wind and solar power increase dramatically as well. The analysts say that U.S. demand for oil and gas is likely to remain remarkably steady for decades. …
Crude oil bounced back and OK energy stocks rebounded too in Thursday’s trading
A day after a loss of nearly $5 a barrel, crude oil prices on Thursday bounced back with a 1% gain after reports that Saudi Arabia and Russia held meetings to talk about market stability. Oklahoma energy stocks rebounded as well with some firms seeing 5% gains for the day. West Texas Intermediate crude …
Oklahoma AG takes on EPA over ozone emissions rule
Oklahoma Attorney General Gentner Drummond filed a federal lawsuit against the Biden administration’s Environmental Protection Agency (EPA) over its rejection of Oklahoma’s plan regarding ozone emissions. The petition to review the disapproval was filed March 2 with the U.S. Court of Appeals for the Tenth Circuit. In addition to disapproving Oklahoma’s state implementation plan (SIP) …
Williams annual meeting to be held in April
The annual meeting of stockholders of Williams is set for April 25 and will again be “completely virtual” according to the company’s announcement. It will begin at 2 p.m. Central Daylight Time. Williams said because the meeting is once again completely virtual, it will allow more stockholders to participate. The record date is the …
Utilities defend their high costs in Colorado
Colorado legislators exploring the high cost of utilities were told this week colder winters are to blame in part for inflated utility bills, not higher base rates and fees charged to customers. The defense of profits and rates for electricity and gas came from representatives of Excel Energy and Black Hills who appeared before …