An old “boneyards” Boeing B-52 was expected to arrive over the weekend at Tinker Air Force Base in Oklahoma City where it will eventually serve as a test prototype for modernization efforts, including an upgrade in engines. KOKH 25 TV reports the plane, named “Damage Inc. II” was shipped by truck from Davis-Montham Air …
Court orders FERC to review Miami’s flooding complaint against GRDA
A Federal appeals court has ordered the Federal Energy Regulatory Commission to take another look at flooding claims made by the city of Miami in the northeast corner of Oklahoma. The D.C. Circuit ruled the city provided “powerful” evidence showing the Pensacola Dam’s operation caused flooding and that FERC didn’t study the evidence presented …
Schlumberger posts increased 4Q earnings report
Schlumberger said its fourth quarter earnings helped make 2021 an even stronger year for the company as its had revenue of more than $6 billion that represented 6% growth over the previous quarter and 13% more than a year ago. The firm said it had fourth-quarter cash flow from operations of $1.93 billion and …
Drillers show more interest in Canadian County
As we’ve noted, Canadian County, one of the counties that make up the STACK has been getting growing interest from oil and gas exploration companies. Chaparral Energy LLC and Ovintiv are two firms that received recent permits to drill from the Oklahoma Corporation Commission. Chaparral Energy has an amended permit for the FAIRWEATHER 1207 #2SMHX-13-12, located …
Other energy news headlines for Monday
** The House oversight committee has invited key board members at four oil majors, Exxon, Shell, Chevron and BP, to testify in February about the industry’s role in climate change and spreading “disinformation,” turning up the heat on big oil after lawmakers grilled their CEOs last year. The hearing is set for Feb. 8. ** American Electric …
Colorado governor now wants to delay gas fee he earlier approved
Six months after Colorado Gov. Jared Polis signed a transportation funding bill that included a 2-cent-a-gallon fee on gasoline, he wants to delay implementation because of high gasoline prices in his state. With gasoline prices averaging $3.29 a gallon, the governor announced his move this past week, something that drew immediate criticism from his …
Energy Transfer relents over unpaid bill in Texas
Energy Transfer backed off its threat to cut off natural gas supplies to Vistra Corp’s power plants in Texas over an unpaid $21.6 million bill stemming from the February 2021 winter storm. After threatening to cut supplies to power plants that provided electricity to 400,000 customers, Energy Transfer stated it would continue supplying …
Largest wind power project in US pushed by Buffett’s firm
Berkshire Hathaway is pushing a nearly $4 billion renewable energy project in Iowa, one that would create the single largest wind project ever built in the United States. It doesn’t mean it will happen, but the project proposed by billionaire Warren Buffett’s investment firm would include 5 GW of wind power and some 50 …
Crude slipped on Thursday and OK energy stocks suffered losses
Crude oil prices edged slightly lower on Thursday following seven-year highs earlier in the week. Oklahoma energy stocks recorded losses for the most part. West Texas Intermediate crude for February delivery slipped 6 cents a barrel in trading on the New York Mercantile Exchange and settled at $86.90. Global benchmark Brent crude for March …
OGE Supreme Court hearing closed to public
An order by Oklahoma Supreme Court Chief Justice Richard Darby has in effect closed a hearing to the public concerning the nearly $800 million bonding request of Oklahoma Gas and Electric and its February 2021 winter storm costs. In a ruling issued Thursday, Justice Darby took note that the Oklahoma Judicial Center is closed …
