The $2.2 billion spent by ONE Gas of Oklahoma during the February winter storm and resulting power losses got the attention of consumer advocacy groups in Kansas. So did the $2.5 billion spent by Atmos Energy along with the $600 million by Black Hills Energy. The Lawrence Journal-World in Kansas reported the out-of-sight …
A record was set last week at the Southwest Power Pool and it didn’t have anything to do with a power crisis, a storm or rolling blackouts like those experienced by Oklahomans during the February winter storm. On Sunday, March 14, the Power Pool set a renewable penetration record of 81.39%, breaking the previous …
** Spending by oil and gas companies operating in the UK North Sea fell to the lowest levels since 2004 last year as they concentrated on preserving cash during the pandemic, while production from the more than half a century-old basin has re-entered “longer-term” decline. ** The U.S. Congress is investigating a multibillion-dollar subsidy for chemically …
Congress wants to investigate the Texas power crisis caused by the February winter storm. Two subcommittees of the House Energy and Commerce Committee will hold two separate hearings on Wednesday, March 24. One will be held by the Energy subcommittee chaired by Illinois Democrat Bobby Rush and the other will be held by the …
Severe weather last month in Oklahoma and Texas hit NOV Inc. so hard that the Houston company announced it anticipates operational disruptions and softer-than-expected customer orders will cause first quarter 2021 operating results to fall below previous guidance. “Unfortunately, the extreme winter weather across Texas and Oklahoma, the ongoing effects of COVID-19 lockdowns, and the continued spending austerity …
While she is a Democrat and a supporter of President Biden, New Mexico Gov. Michelle Lujan also thinks her state should be exempted from the administration’s new anti-oil and gas policies. She’s worried about possible revenue losses for her state which is home to part of the massive Permian Basin that brought in millions …
With crude oil prices in the upper $60 range, there is growing interest in more drilling in Oklahoma as witnessed by the recent permits to drill issued by the Corporation Commission. Oklahoma City’s Chaparral Energy has become active again in drilling exploration after emerging last fall from Chapter 11 bankruptcy. The company received three …
The largest city-owned utility in Texas sued the state’s grid operator alleging it levied “excessive” power prices during a February deep freeze, and seeking to bar the grid from issuing a default that could affect its credit rating. High prices for emergency fuel and power during a severe cold spell left Texas utilities facing …
Texas-based Harvest Midstream Company agreed to pay a nearly $100,000 civil penalty for violating environmental laws in New Mexico. The Albuquerque Journal reported the company failed to report a release of natural gas into water in northern New Mexico and was fined by the Energy, Minerals and Natural Resources Department. Click here for Albuquerque …
The number of solar projects across the the U.S. is expected to increase by four times in the next several years, thanks to an extension of an industry subsidy late last year. Whether some of that will occur in Oklahoma remains to be seen, largely because electricity rates are comparatively low in the state …
