August 15, 2021 archive

Electric grid manager’s plan to be reviewed by Oklahoma regulators

  Oklahoma Corporation Commissioners will have a review and response this week to the recent report by the the Southwest Power Pool and its response to the February 2021 winter that resulted in rolling blackouts in Oklahoma and a few other states. Commissioners will meet Tuesday afternoon to conduct a comprehensive review of the SPP’s …

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Energy news in brief

** A new report says President Biden’s federal ban on oil and gas leases in the Gulf of Mexico threatens more than 345,000 offshore oil and gas jobs. ** A sprawling Wyoming ranch long owned by late Texas oil heiress, horse breeder, philanthropist and prolific art patron Anne Windfohr Marion has hit the market for $45 million. ** North Dakota regulators hold their …

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Chesapeake and Vine Energy and the search for a new CEO

  Leadership at Oklahoma City’s Chesapeake Energy Corporation made it clear last week as they announced the acquisition of energy company Vine, “We’re not Chesapeake of the past. We think this is a competitive advantage.” The declaration came from Mike Wichterich, Chesapeake’s Board Chairman and Interim Chief Executive Officer during a second quarter conference call with …

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Will crude oil prices rebound this week?

  Friday trading saw another dip in crude oil prices as the International Energy Agency expressed more concern that the spread of coronavirus variants is causing a slowdown in oil demand. So it raises the question whether the fall of Afghanistan over the weekend might take minds off COVID-19 and the impact on crude oil. …

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Government hands out $83 million in energy funding

The U.S. Department of Energy awarded $82.6 million in funding to 44 projects that will lower Americans’ energy bills and help meet President Biden’s goal of net-zero carbon emissions by 2050 by investing in new energy efficient building technologies, construction practices, and the U.S. buildings-sector workforce. None of the projects are in Oklahoma but one …

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Oklahoma oil leader says Biden has it all wrong

  President Biden’s recent call for OPEC to increase its oil production is still reverberating across the oil and gas industry including the Petroleum Alliance of Oklahoma where the headline accused the White House of seeking to kill U.S. oil and natural gas jobs while rewarding dictators. Brook A. Simmons, President of the Alliance called …

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Oklahoma rig count falls while national numbers increase

  The number of oil and gas rigs active in Oklahoma slipped by one in the past week, resting at 30 while nationally, the rig count jumped by 9 to reach 500 according to the latest report from Baker Hughes Co. Oklahoma’s current count of 30 compares to 11 a year ago. Nationwide, the number …

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PSO announces 2021 AEP foundation FFA STEM after-school grant winners

    FFA chapters across Oklahoma are receiving a share of more than $38,000 after being named recipients of this year’s American Electric Power Foundation FFA STEM After-School grants. The AEP Foundation is the charitable arm of American Electric Power, parent company of Tulsa-based electric provider, Public Service Company of Oklahoma (PSO).  The grant program …

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