Oklahoma oil and gas group attacks OGE’s rate hike request

  In opposing Oklahoma Gas and Electric company’s $163.5 million rate hike, the state’s largest and most influential oil and gas group said regulators should not approve such an increase until the utility fulfills its pledge to correct inadequate planning and preparation it had for the February 2021 winter storm Uri. It also heavily criticized …

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Crude settled to four-week low on Friday—OK Energy stocks suffered

Concerns that major central banks in the U.S. might hike interest rates and slow the world economy sent crude oil prices on Friday tumbling nearly 6% to a four-week low. It also was a sore day for Oklahoma energy stocks as some slid by 10%. Now the question is, whether prices and the energy stocks …

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Scramble by renewable energy developers in eastern Colorado

  Excel Energy’s recently approved $1.7 billion Power Pathway transmission line project is reportedly causing a land rush of sorts in eastern Colorado. Some ranchers and farmers call it the new “cash crop” as wind and solar developers scramble to lock up land for their projects reported the Colorado Sun. Click here for Colorado Sun …

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Headlines of US and World energy news stories

** Americans are “really, really down” after two years of a pandemic and amid rising gasoline prices but the economy is in better shape than many think, President Joe Biden said in a recent interview with the Associated Press. ** The Biden administration is working to finalize a meeting between Energy Department officials and oil companies that is …

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Fort Worth energy firm raises $1.7 billion for Permian acquisitions

  It’s being called one of the largest pools of capital raised and dedicated to oil and gas development in the Permian Basin since the 2020 pandemic—more than $1.7 billion from investors. Double Eagle came up with the fund for its latest venture reported Reuters. The company has made some of the most acquisitions in West …

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Rep. Mullin—The Consequences of Biden’s Failed Economic Agenda

  U.S. Rep. Markwayne Mullin continued his assault on President Biden and his economic policies in his latest newsletter to his constituents, saying the nation cannot afford Biden’s policies. Here’s how he put it to his followers: Due to record high inflation, the Federal Reserve raised interest rates this week by .75%. This is the …

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Gasoline at $5.17 a gallon in southeast Oklahoma

  While you fill up your car or pickup truck with gasoline averaging $4.65 a gallon in Oklahoma, consider what Rystad Energy predicted on Friday—US gas prices will likely surge even higher. The energy research and business intelligence company headquartered in Norway said we can expect higher prices because of dwindling stockpiles and the struggle …

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New public land leases in New Mexico will triple state’s renewable energy capacity

  The state of New Mexico could very well see its renewable energy capacity triple following a recent auction of public land, much of it in the county where the fabled Billy the Kid roamed in the Wild West. Pattern Energy won the auction for 147,685 acres of leases in Lincoln, Torrance and San Miguel …

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Lankford gets tough with President—blames him for high gas prices

  Oklahoma U.S. Sen. James Lankford took to the Senate floor this week to call out President Biden and his administration over their energy policies and what they have done to the nation’s consumers and its energy industry. He accused them of doing nothing substantive to fight high inflation. Lankford spoke on the US Senate floor …

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Crude bounced back on Thursday but not OK energy stocks

  Crude oil prices were like a bouncing basketball this week and after slipping in trading earlier in the week, they rose on Thursday after the U.S. announced new sanctions on Iran. The sanctions targeted a network of Iranian petrochemical producers and front companies in China as well as the United Arab Emirates. They were …

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