Oklahoma Congressman Frank Lucas says it’s time to do something about regulating orbital space debris. Lucas is the ranking Member of the House Subcommittee on Space and Aeronautics and joined a bi-partisan effort to urge the Federal Communications Commission to come up with new such regulations. Joining him in sending a letter to FCC …
OGE dividend declared
A fourth quarter dividend has been declared by OGE Energy Corp. The company’s Board of Directors announced the dividend was $0.4141 per common share of stock. It will be paid on Oct. 28, 2022 to shareholders of record on Oct. 11, 2022.
Four Ovintiv wells produced 5,500 barrels of oil a day in Kingfisher County
Wait a minute! Ovintiv didn’t have just three wells on a single pad totaling combined production of nearly 4,000 barrels of oil a day in Oklahoma’s Kingfisher County. It was really 4 wells and 5,500 barrels of oil a day in production. A day after filing three completion reports on the wells, the company …
Headlines of other energy stories
** Democrats dropped Sen. Joe Manchin’s proposed energy plan from a must-pass government funding bill on Tuesday after it became clear it lacked the necessary bipartisan support to advance in the Senate. ** Senate Majority Leader Chuck Schumer says he’ll work with Manchin to pass “responsible permitting reform” by the end of the year. ** After decades …
Is Hamm’s buyout offer looking better for Continental Resources shareholders?
Three months after billionaire Harold Hamm offered $70 a share to take his Continental Resources company private, the offer is looking better and better. Shares in the Oklahoma City company managed a 1.68% gain or $1.05 on Tuesday to finish trading at $63.70 a share. Shortly after Hamm made his original offer, one valued …
Crude oil prices rebounded along with Oklahoma energy stocks
Up one day, down the next seems to be the pattern of crude oil prices. On Tuesday, they finished the day up $2 from a nine-month low, mostly because of supply curbs ahead of Hurricane Ian in the U.S. Oklahoma energy stocks rebounded as well. West Texas Intermediate crude for November delivery finished up …
Forever chemicals and EPA could awaken a sleeping Oklahoma
“A sleeping giant. Surprised at the lack of attention.” It’s how Oklahoma City energy lawyer Tim Sowecke of the Crowe & Dunlevy law firm described the impact on Oklahoma by the Environmental Protection Agency as it seeks to crack down on the use of those “forever” chemicals. He suggests what the EPA is proposing …
GOP runoff loser in Texas Railroad Commission race endorses Democrat
So much for party loyalty. In Texas, oil and gas attorney Sarah Stogner, the woman who forced a runoff in the Republican primary for the Texas Railroad Commission came out this week in support of the Democrat in the race rather than her formal rival, Wayne Christian. She announced her endorsement of Luke Warford who …
Coal-fired power plant to end operations in northwest New Mexico
After 50 years of producing electrical power in northwest New Mexico, the coal-fired San Juan Generating Station near Farmington will halt this week. The future of the plant is still in doubt because the City of Farmington and a development company hope to continue running the facility reported the Albuquerque Journal. Click here for …
Broadband funding draws support in Oklahoma legislature
The recommendation of an Oklahoma legislative committee for funding to address broadband issues in the state drew support from some legislators. One was Rep. Logan Phillips, R-Mounds, who praised the Oklahoma House and Senate Joint Committee on Pandemic Relief Funding for its focus on addressing broadband issues through projects members advanced. The projects advanced during the …
