Two years after the devastating 2021 Winter Storm Uri left nearly 200 dead in the state of Texas and prompted calls for better grid control, a Texas appeals court ruled the state’s regulatory agency overstepped its bounds and kept power prices too high. The Texas 3rd District Court of Appeals in Austin concluded the …
BCE-Mach III creates more producers in Oklahoma’s STACK play
Two years after BCE-Mach III LLC expanded its Anadarko Basin holdings to 46 counties in western Oklahoma, the Texas Panhandle and Kansas, the company recently filed completion reports on a series of four Kingfisher County wells. The four Lincoln Southeast Oswego Unit wells were completed in January and the largest producer, with 489 barrels …
Legislative bill targeting soaring utility bills to be reviewed by Oklahoma regulators
Oklahoma Corporation Commissioners will hold a special meeting Monday afternoon with the focus on Senate Bill 1103, a bill a former Corporation Commissioner says would stop soaring utility bills in Oklahoma. The agenda for the 1:30 p.m. meeting stated there will be consideration and discussion regarding SB 1103 and “any potential issues SB 1103 …
Crude oil and OK energy stocks took another hit on Friday
Crude oil prices settled lower on Friday by more than 2%, reversing gains made earlier in the day. Oklahoma energy stocks also suffered losses in the day’s trading. Analysts blamed banking sector fears for both Brent crude and WTI to reach their biggest weekly declines in months. West Texas Intermediate crude fell $1.61 a …
Oil and gas rig numbers grew in Oklahoma and the US in the past week
Rig numbers made gains in Oklahoma and across the U.S. in the past week according to figures released Friday by Baker Hughes Co. Oklahoma’s count grew by one to reach 62, significantly more than the 49 reported one year ago. Across the U.S., numbers increased by 8 to 754 rigs. But the number of …
Biden administration joins Colorado lawsuit against Suncor refinery
Showing its intent on fighting climate change, the Biden administration has joined a lawsuit by local Colorado governments against Suncor, the Canadian energy giant with a refinery near Denver. The U.S. Department of Justice filed a legal brief and argued that the Colorado case against Suncor should be heard in state court reported The …
Former Oklahoma regulator says legislators should pass bill to stop utility rate hikes
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 …
Oklahoma’s VW plant loss draws attention in one other state
If it can happen to Oklahoma, it can happen to us. That’s the gist of commentary in a Virginia newspaper this week after Volkswagen picked Canada over Oklahoma for the site of its first North American electric vehicle battery plant. Writer Dwayne Yancey in The Cardinal News paralleled Oklahoma’s frustration over failing to attract …
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, …
