What came out of Chesapeake Energy’s recent fourth quarter financial results and subsequent conference call by leadership was how the company is re-emphasizing natural gas production rather than oil. Chesapeake Energy, at one time in its history was something of a king of natural gas production, then several years ago decided to make a …
Senate committee to grill FERC over climate-change pipeline policy
Could be a most interesting hearing this week for Oklahoma U.S. Sen. James Lankford and others on the Senate Energy Committee as they grill FERC members on their new pipeline policy statement. On Thursday, the Senators will have an opportunity to question all five members of the Federal Energy Regulatory Commission on the recent …
Cole to Biden–stop buying Russian oil
Oklahoma congressman Tom Cole is calling on President Biden to immediately stop U.S. purchases of Russian oil and at the same time to “stop vilifying America’s oil and gas industry.” The Republican Representative issued an open letter to the President, saying he is doing so in violation of one of his cardinal rules in politics—never …
Justices hear arguments against EPA power plant rules
West Virginia took the lead Monday in oral arguments before the U.S. Supreme court in the fight by 20 states, including Oklahoma, against President Biden’s climate agenda. In doing so, the states have invoked the “major questions doctrine” which is a judicial principal being used to challenge the EPA’s regulation of greenhouse gas emissions …
Cushing crude stocks slide lower
Indicative of what is happening to the crude oil supply in the U.S., the amount in storage at the Cushing hub in Oklahoma fell again in the past week. The U.S. Energy Information Administration reported 23,778 million barrels of oil are on hand at the northern Oklahoma hub. That’s a decline of 2,049 barrels …
Approval expected on $2 billion more in winter storm cost debts
While the Oklahoma Supreme Court is being asked to approve nearly $1 billion in bond securitization for Oklahoma Gas and Electric over the 2021 February winter storm, a state agency will meet Tuesday to consider $2.2 billion in winter storm bills from three more utilities. The Oklahoma Development Finance Authority rescheduled its meeting following …
ONE Gas to grow its renewable natural gas projects
ONE Gas leaders in Oklahoma say the company is expanding its projects involving renewable natural gas. At a recent conference call, they discussed some of the company’s 22 projects for RNG. Their expansion came after a study identified 175 Mcf of potential renewable gas feedstock across the company’s operations in Oklahoma, Kansas and Texas …
BP fights small Kansas town’s price-gouging lawsuit
The residents of the small Kansas town of Mulberry are taking on global energy titan BP, suing the company over the 2021 winter storm and accusing it of price-gouging—and the giant is fighting back. BP wants to appeal a recent Crawford County district judge’s ruling that allows the town’s lawsuit to proceed reported the …
Another step in 16 year fight between Mewbourne Oil and Oklahoma regulators
Oklahoma’s Supreme Court has ruled against Mewbourne Oil Company in a nearly 16-year battle with the Oklahoma Corporation Commission, a fight over forced pooling of mineral interests in the state, intrinsic fraud and monetary damages. “Application to assume original jurisdiction is denied. All justices concur,” read the order issued earlier in February. Mewbourne sued …
How a snowball plays a role in Sen. Inhofe’s legacy
Long after Oklahoma U.S. Sen. Jim Inhofe is gone from Congress, he will still be remembered for the day he brought a snowfall onto the floor of the U.S. Senate to make his point against the global warming movement. It was 2015 and the Republican Senator, who was famous for denying that climate change …
