Power line approval for NextEra in Kansas came with eminent domain authority

  Not only did Kansas regulators give their stamp of approval to a NextEra transmission power line in southeast Kansas, but they also gave the power of eminent domain to the company. The route has to be approved first before NextEra can use the power. The line is expected to run through Coffey, Anderson, Allen, …

Continue reading »

Small lizard latest to be considered for protection in Permian Basin

  The U.S. Fish and Wildlife Service says it will have a decision in about a year regarding protections for the dunes sagebrush lizard that is reported to be in danger because of growing oil and gas drilling in the Permian Basin.It’s a decision that could directly impact Oklahoma oil and gas firms with extensive …

Continue reading »

Oil firms are capitalizing off rising natural gas prices

  With natural gas prices near 14-year highs, shale producers in Oklahoma, Texas, New Mexico and elsewhere across the U.S. jumped on the bandwagon to take advantage. Years after flaring of excess natural gas was the norm, now those companies are getting an earnings bonanza reported Reuters. Click here for Reuters  

Crude oil makes big drop while OK energy stocks suffered on Tuesday

  A day after crude oil prices managed a robust increase, they plunged by nearly $6 a barrel in Tuesday’s trading on growing worries that central banks will hike rates to fight increasing inflation. Plus, there is the concern over unrest in Iraq. It all took effect on Oklahoma energy stocks as they fell from …

Continue reading »

Trump’s “I told you so” warning about energy dependency on Russia

  At the time President Donald Trump went public in 2018 with his criticism of Germany being too energy dependent on Russia and its natural gas, it drew smirks from Germany’s leaders. Remember those pictures of German officials sitting at the 2018 U-N General Assembly during a Trump speech and how they laughed and smirked …

Continue reading »

Share repurchase renewed by Civeo

  Oilfield man-camp operator Civeo Corporation announced  that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to 5% of its total common shares outstanding through the facilities of the New York Stock Civeo intends to fund repurchases through cash on hand and cash generated from operations. In …

Continue reading »

New well in Oklahoma’s Stephens County

  A southern Oklahoma well produced nearly 1,000 barrels of oi a day when it was completed earlier this year. A completion report filed by Black Mesa Energy LLC of Tulsa was on a Stephens County well, 36 1S 4W , located east of the town of Alma. The Rangers 36-25-1s-4w Sxh 1, spudded in December 2021 was …

Continue reading »

Southwest Power Pool announces additional commitments to western market development

  More utilities in the western part of the nation are interested in being served by the Southwest Power Pool of which Oklahoma is a member. Southwest Power Pool (SPP) announced six additional entities have expressed interest in participating in the next phase of Markets+ development. Avista Corp., Chelan County Public Utility District, Grant County …

Continue reading »

Commissioner raises new allegations over bonds used by utilities to cover storm costs

  Oklahoma Corporation Commissioner Bob Anthony continued his criticism this week of the ratepayer-backed bonds being used by Oklahoma Natural Gas to cover its February 2021 Winter Storm costs. He also raised new allegations against the Oklahoma Development Finance Authority in issuing bonds for the utilities that used them to cover those costs. In a …

Continue reading »

Report claims Texas is losing millions over its ban against some investment firms

  A recent move by the state of Texas to no longer do state business with 10 financial firms that ban investments in fossil fuels is reportedly costing the state hundreds of millions of dollars this year. That’s what National Public Radio reported this week. Click here for NPR