Public Service Company of Oklahoma (PSO)filed an application with the Oklahoma Corporation Commission (OCC) to update its prices. The adjustment is needed to reflect the costs of investments to secure and transform the electric grid, meet federal environmental requirements, and efficiently and reliably serve customers. PSO’s filing requests recovery of approximately $700 million in …
Mammoth Energy Services, Inc. reported a 22% drop in total revenue for its first quarter which ended March 31 of this year. Total revenue was $66.8 million which compared to the $85.1 million for the end of the fourth quarter 2020. The total revenue was also down 31% from the $97.4 million for the end of …
The recent passage of the Drinking Water and Wastewater Infrastructure Act of 2021 by the Senate includes major help for Oklahoma. Sen. Jim Inhofe, a senior member of the Senate Environment and Public Works Committee was a cosponsor of the legislation and said under the act, Oklahoma will receive $318 million over 5 years …
Alaska Sen. Lisa Murkowski might be heavily criticized by some Republicans for her vote to impeach Donald Trump as President, but she had the support of Oklahoma Sen. James Lankford this week. Together, they introduced legislation to improve the quality and timeliness of federal permitting and review processes of critical mineral production on federal land. …
Oklahoma Gov. Kevin Stitt has signed into law a measure making sure electric vehicle drivers pay their fair share of highway and road maintenance and improvements. The Governor put his name to House Bill 2234 by Rep. Kyle Hilbert, R-Bristow, and Sen. Zack Taylor, R-Seminole, that creates of the Driving on Road Infrastructure with Vehicles …
All that’s needed is approval from regulators and Summit Utilities, parent of Arkansas Oklahoma Gas Corp. will be the new owner of CenterPoint Energy’s natural gas operations in Oklahoma and Arkansas in a $2.1 billion deal. CenterPoint serves more than 7 million customers in Oklahoma, Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. CenterPoint’s Arkansas and Oklahoma gas …
BNSF railway already carries crude oil through Oklahoma but the company now says it is ready to handle any increased load if, and that’s a big ‘if’, the Dakota Access oil pipeline is shut down by the courts. Reuters reported the company, considered the railroad unit of Warren Buffett’s Berkshire Hathaway Inc. gave the …
After reaching nearly $65 a barrel in trading last week, crude oil prices took a plunge in Friday’s trading and it took Oklahoma energy stocks with them. West Texas Intermediate crude for June delivery dropped $1.43 to $63.58 a barrel in trading on the NYMEX, a loss of 2.20%. Global benchmark Brent crude for …
** Vitol Group is said to be near a purchase of Hunt Oil Co.’s Permian Basin oil wells in what would mark the biggest independent crude trader’s first major acquisition of U.S. production assets, according to people with knowledge of the matter. ** An underground nuclear waste storage tank in Washington state that dates to World War …
Continental Resources apparently likes the oil prices in recent weeks as the Oklahoma City-based shale oil producer indicated it plans on increased drilling operations in North Dakota’s Bakken shale field where founder Harold Hamm pioneered some of the state’s drilling operations. In a conference with investors, Hamm said nearly 70% of the company’s well …
