U.S. Sen. James Lankford and others on a Senate Committee spent part of Thursday grilling energy regulators over their recent approval of new guidelines to consider environmental justice and climate issues in reviewing new natural gas projects. The three Democrats who control the five-member Federal Energy Regulatory Commission approved the new guidelines last month …
ConocoPhillips completes $1.3 billion sale of Indonesian assets
ConocoPhillips completed the sale of the subsidiary that indirectly owns its 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company to MedcoEnergi for $1.355 billion, with an effective date of Jan. 1, 2021. After customary closing adjustments, net cash from the sale …
Crude supplies soar at Cushing oil hub
Crude oil stocks soared in the past week at the Cushing oil hub in northern Oklahoma more than doubling in one day according to the U.S. Energy Information Administration. While fighting expanded in the war between Russia and Ukraine and prices soared over concerns about supplies, the amount of crude at the Cushing hub …
Residents around a polluted ethanol plant await lawsuit outcome
A year after the state of Nebraska filed suit against an ethanol plant that used pesticide-treated seed corn to produce its ethanol, attorneys are quiet about their progress in the legal matter. Owners of the AltEn plan recently used the word “deny” 500 times in one of their legal responses. The Nebraska Department of …
Lucas files bill to force President to stop buying Russian oil
The American Energy Independence from Russia Act—It’s what Oklahoma Congressman Frank Lucas and two other members of the House introduced this week as the number of dead increases in the fighting between Ukraine and invading forces of Russian soldiers. “Vladimir Putin’s invasion of Ukraine is deeply troubling. As this moment of international crisis, Russia …
Evergy hits wind power record
Evergy, the large utility serving Kansas and Missouri announced this week it reached a milestone in it use of renewable energy. The company said as of this week, it had 90,000,000 megawatts of wind production. Click here for KMBC TV report
New Mexico Supreme Court rules against landowners in water fight
A rule that allows New Mexico landowners to restrict access to water that flowed through private property has been declared unconstitutional by the New Mexico Supreme Court. The Albuquerque Journal reports it is considered a defeat for landowners who saw the State Game Commission rule as a means of protecting private property rights. Click …
US crude oil trading hit $112 on Wednesday as war intensified
World crude oil prices soared Wednesday as Russian soldiers expanded their invasion of Ukraine, pounding civilian and residential areas of cities and increasing the number of dead. Global benchmark Brent crude futures peaked at nearly $114 a barrel, then settled up $7.96 or 7.6% at $112.93 on ICE Futures Europe. It was Brent’s highest …
More storm cost ratepayer bonds headed to Supreme Court
Another $2.7 billion in ratepayer backed bonds aimed at helping three Oklahoma utilities recover their 2021 winter storm costs were approved this week by a state agency and now await final okay from the Oklahoma Supreme Court. NonDoc reported the Oklahoma Development Finance Authority authorized the three securitization efforts to buy debt held by …
NextEra Energy to acquire Panhandle wind farm
An Oklahoma Panhandle wind farm OK Energy Today first reported about last year with condemned and dangerously damaged wind turbines is getting a new owner—NextEra Energy Resources. The company announced this week it closed on an agreement to acquire the wind farm from Olympia Renewable Platform LLC, the company that was sanctioned by the …