As Public Service Company prepares to win approval of a $732.5 million rate hike stemming from the February winter storm, details have emerged how quickly prices and the natural gas supply challenges stormed out of hand for the Oklahoma utility over a matter of a few days. It also offers insights into the wrong …
August 24, 2021 archive
Second day of gains for crude oil and Oklahoma energy stocks
Optimism about falling COVID-19 infections in China and a major production outage from a deadly fire in the Gulf of Mexico helped crude oil prices recover Tuesday for a second day in a row. Oklahoma energy stocks gained as well. West Texas Intermediate crude for October delivery rose $1.79 or 2.56% to finish Tuesday’s …
Lankford demands an oil production answer from the White House
Oklahoma Sen. James Lankford is keeping the U.S. mail service busy these days with letters of complaint to the White House. His latest demands an explanation from the President why his administration favors foreign oil over American oil. The Senator was joined by five other Republicans on the Senate Energy and Natural Resources Committee …
OKC’s Devon Energy 2nd largest holder of permits to drill in New Mexico
An article by a California-based investigative online journalism group recently focused on the nearly 10,000 permits to drill applications approved or pending in the state of New Mexico. The story by Capital and Main pointed out that two energy firms, Oklahoma City-based Devon Energy and Houston’s EOG Resources are the two largest holders …
Colorado energy firm hit with $1.6 million fine
Turns out the fine against an energy firm that not only improperly stored waste but failed to report and address spills totaled $1.6 million from Colorado regulators. KP Kauffman operates nearly 1,200 low-producing oil and gas wells on the Front Range and was hit with the massive fine on Monday according to The Colorado …
Energy firms offer rewards to new workers who get vaccinated
Oklahoma energy firms have joined the movement of offering big cash rewards to new workers who line up to get a vaccination against COVID-19. Reports indicate that Devon Energy is offering a $500 cash reward to those new employees who offer proof by Oct. 15 that they were vaccinated. The Permian Basin’s largest oil …
Car dealership first to offer “AAA Inspected” used vehicles in OKC
A Volkswagen dealership in Oklahoma City has become the first dealer in the city to take part in the AAA Inspected program aimed at helping consumers buy used cars with confidence. AAA announced Tuesday the program powered by SureSale is available at Oklahoma City Volkswagen …
Energy news in brief
** At least five people have been killed and six injured in a fire at an offshore oil platform owned by Mexico’s state-run company Pemex. Rescue workers are still searching for two people who are missing. The fire also caused work to be halted at 125 oil wells for which the platform provides gas and electricity. ** The …
Senators ask EPA to give small refiners a break
Oklahoma U.S. Sens. James Lankford and Jim Inhofe joined Pennsylvania Republican Sen. Pat Toomey and 14 other senators in urging EPA Administrator Michael Regan to give a break to small refiners under the Renewable Fuel Standard. The Senators sent a letter to Regan and asked him to mitigate the harm imposed on consumers and …
Enel Green studies ways to re-use wind turbine blades
Enel Green Power North America, the same firm with wind farm operations throughout Oklahoma is using a National Science Foundation grant to study ways to find new sources for wind turbine blades. The energy company is working with Re-Wind.info in carrying out research in Kansas according to Shawna Bethell who wrote about the project …
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