Former legislator accuses regulators of not following rules for OGE storm financing

  Even as an Oklahoma Supreme Court referee took under advisement the legal challenges to the financing method used by Oklahoma Gas & Electric for nearly $800 million in February 2021 winter storm costs, former legislator Mike Reynolds added to his protest in the case. He doubled down on OG&E, the Oklahoma Development Finance Authority …

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Crude oil slipped in Thursday’s trading

Accessibility statementSkip to main content After two days of gains, crude oil prices slipped in both the U.S. and overseas but still remained closer to $90 a barrel then compared to a week earlier. West Texas Intermediate crude for March delivery dropped 74 cents to $86.61 a barrel on the New York Mercantile Exchange. Global …

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Gasoline prices are going up in Oklahoma

  Gasoline prices in Oklahoma have now risen to an average of $3.01 a gallon, up 2 cents in the past week according to AAA Oklahoma. The national average also rose 2 cents in the past week to reach a new average of $3.34 a gallon. A month ago the national average was $3.28. Oklahoma’s …

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AARP Oklahoma Advocates for legislation cracking down on telephone frauds and scams

    AARP Oklahoma announced its support this week of two pieces of legislation under consideration that would aid in the fight against criminals who use telephones and text messages to defraud Oklahomans. HB 1891 by Rep. Danny Williams and Sen. Zach Taylor combats phone and text scammers by allowing local district attorneys and the …

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EPA targets pollution in poor communities of Texas and others

  The EPA announced this week plans to address air pollution, unsafe drinking water and other problems involving minority communities in three Gulf Coast states—among them Texas. The Associated Press reports the action came after a “Journey to Justice” tour by Administrator Michael Regan last fall. Click here for AP.

Strong growth in manufacturing activity in Oklahoma and other states

  The Federal Reserve Bank of Kansas City released the January Manufacturing Survey Thursday showing manufacturing activity in Oklahoma and other states that make up the Tenth District continued to grow strongly. “Regional factory activity expanded at a faster pace in January,” said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of …

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4-well Ovintiv site has production or more than 6,300 barrels of oil a day

  We overlooked a previous completion report on a series of Ovintiv wells in Kingfisher County and as a result, the firm actually had four wells with combined production of more than 6,300 barrels of oil from a single pad. Three completion reports were filed this week for three Jimenez 1708 wells at 21 17N 8W, …

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Enverus reports rig growth in US and in Anadarko Basin

  The U.S. rig count rose by two in the last week to 703 as of Jan. 26, according to Enervus Rig Analytics. The daily count reached as high as 716, compared to a peak of 708 in the prior week. The rig count as of Jan. 26 is up by 1% from a month …

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Other energy headlines for Friday

**  A bill blocking a proposed rail line that would ship Powder River Basin coal to California’s northern coast for export clears the state senate. (Times-Standard) ** Nordex USA is hoping to break ground on a privately-funded $2.2 billion clean hydrogen extraction/fuel plant located in Niobrara and Converse counties of Colorado by late 2025 or early …

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Transparency or confidentiality at Corporation Commission

  One renewable company is pushing back on a proposed transparency move  made by the Oklahoma Corporation Commission’s Public Utilities Division regarding storm costs of utilities seeking financial assistance. It could mean efforts by state regulators to hold utilities accountable for detailed explanations of their exorbitant storm costs from last year could lead to a …

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