With 100 degree weather in Oklahoma and the rest of the nearby states part of this week’s forecast, electricity demand will be high enough that the Southwest Power Pool is closely monitoring the power demand. On Saturday, it issued what is called a Conservative Operations Advisory for its entire 14-state Balancing Authority footprint in …
OGE implements new rate hike while awaiting final regulatory approval
Oklahoma Gas and Electric was allowed to immediately implement a $30 million settlement of its original $163.5 million rate hike request because state law allowed it. The company implemented the new rate hike, amounting to 1.9% or $2.07 more a month for an average residential customer, within hours after reaching a Joint Stipulation and …
Producers still active in STACK and SCOOP plays in Oklahoma
Newly-filed completion reports show a few Oklahoma energy companies were busy drilling wells in the STACK and SCOOP plays of the state. Continental Resources reported completion of two Blaine County wells drilled on the same pad with combined production of about 600 barrels of oil a day, but gas production of more than 18,000 …
Crude made 2% gains on Friday but will it continue?
After the long Independence Day holiday, traders will be anxious to know whether Friday’s 2% gain in crude oil prices will continue on Tuesday. Likewise, investors in Oklahoma energy stocks will want to know if there’s a follow-through on their Friday gains. Why the gain? Experts say it was because of supply outages in …
Study claims 70,000 homes could be powered by Kansas City airport solar farm
A feasibility study says a solar farm proposed on 3,100 acres near the Kansas City International Airport could eventually power nearly 70,000 homes. It would be one of the largest such farms in the U.S. and the largest at a U.S. airport reported the Kansas City Star. Click here for Kansas City …
Gas line project contract awarded to Baker Hughes
In getting a contract for Tellurian Inc’.s nearly $17 billion natural gas transmission pipeline project in Louisiana, Baker Hughes Company will be doing a first. Baker Hughes got a contract to provide electric-powered compressor technology and the installation of the Integrated Compressor Line decarbonization technology will be the company’s first use of the system. …
Another drop in crude oil prices leaves mixed impact on OK energy stocks
Crude oil dropped again in Thursday’s trading, falling 3% after OPEC+ confirmed an increase is planned in oil output in August. It left some Oklahoma energy stocks with a big gain for the day while others suffered losses of 7%. West Texas Intermediate crude for August delivery fell $4.02 a barrel to settle at …
OGE agrees to lower rate hike request to $30 million
After three full days of hearings before an Oklahoma Corporation Commission Administrative Law Judge and nearly a full-day of renewed negotiations, Oklahoma Gas and Electric reached a settlement to lower its $163.5 million rate hike request to $30 million. If approved by the Corporation Commission, it would mean another $2.07 a month for the …
Lankford says court ruling shows Congress creates law—not ‘unelected’ bureaucrats
U.S. Sen. James Lankford reacted to the U.S. Supreme Court ruling in support of Oklahoma and other states that challenged the EPA’s use of the Clean Air Act by saying it showed the power of creating laws rests with congress and “not unelected bureaucrats.” “The EPA clearly overreached its authority when it forced Americans to transition …
Permian slips in rig numbers while Anadarko makes gains
The latest rig count released by Enverus Foundations shows an increase of two in the Anadarko Basin which spreads across western Oklahoma and into the Texas Panhandle. The basin was one of a handful that saw gains in the number of active oil and gas rigs. Overall, the U.S. rig count fell by 10 …
