Oklahoma Auditor Cindy Byrd makes the case that one of the smallest state agencies receives only a few million dollars in state appropriations yet had an economic impact into the billions of dollars in the state. Writing in her monthly update, Byrd’s Eye View, the auditor pointed to the Oklahoma Aeronautics Commission. “Other than …
Cushing reports slow decline in crude oil stocks
The amount of crude oil stored at the Cushing hub in northern Oklahoma continues to decline falling by nearly 1 million more barrels over a week. The U.S. Energy Information Administration reported that as of May 20, there was a total of 24,778,000 barrels of oil estimated to be in storage at Cushing. It …
Coterra executive sells nearly $2 million in company shares
An executive with Coterra Energy, one of the oil and gas firms with active operations in Oklahoma sold off nearly $2 million in company shares this week. A company filing with the U.S. Securities Exchange Commission revealed the move by Francis Brian Barron, Senior Vice President and General Counsel for Coterra in Houston. On …
Inhofe presses Biden nominee about EPA’s handling of small refinery operations
The President’s nominee to be a top EPA official faced some stiff questioning Wednesday by Oklahoma U.S. Sen. Jim Inhofe about the administration’s energy efforts and how they affect the nation’s supply of aviation fuel. Joseph Goffman, Biden’s nominee to be Assistant Administrator of the Office of Air and Radiation at the EPA went …
Tesla presses Texas with solar power request
Tesla has gone to the Electric Reliability Council of Texas to allow utility customers with solar power to sell excess power back to the state’s grid. The company wants residential owners to be able to participate in the market, including, of course, owners of Tesla’s residential products, like its Powerwall according to a report …
Big gains for Oklahoma energy stocks as crude prices rebound
Crude oil prices made a rebound on Wednesday and so did Oklahoma energy stocks with some seeing nearly 11% gains for the day. The return to higher crude prices came because of reported tight supplies and word that U.S. refiners increased processing activity to their highest since prior to the start of the coronavirus …
Supreme Court approves ratepayer backed bonds for ONG, PSO and Summit Utilities
The Oklahoma Supreme Court, in three separate rulings this week, signed off on more than $2.2 billion in ratepayer bonds for three utilities as they seek rate hikes to recover 2021 winter storm costs. But one justice expressed reservations about the new law used in requesting the financial help, noting that Oklahomans will be …
Rep. Bice says Dems’ price gouging bill is an insult to hardworking Oklahomans
Congresswoman Stephanie Bice says instead of taking ownership of the disastrous results of their own energy policies, Democrats are “gaslighting” the hardworking individuals in the energy industry. Writing in a column this week, she criticized Democrats for the Consumer Fuel Price Gouging Prevention Act that was passed last week in the U.S. House. Bice …
Oil volatility to grow in coming months
A report by Enverus Intelligence Research of Austin, Texas suggests volatility in the world and U.S. oil markets will increase in the second half of this year as the Ukraine war continues in Europe. The subsidiary of Enverus, a global energy data analytics and SaaS technology company released its latest FundamentalEdge report focusing on …
Oklahoma electricity affordability ranked 11th best in US
Oklahoma gets high rankings when it comes to energy affordability according to a new report by utility watchdog, the Citizens Utility Board. In its Electric Utility Performance review, CUB ranked Oklahoma 11 among the states, based on the Affordability Ranking. But it was ranked number 1 nationally for electricity cost per Kilowatt-hour for all customers …
