The Oklahoma Mesonet on Thursday reported Oklahoma just experienced its hottest summer on record since 2011. The state finished August with a statewide average of 82.7 degrees according to Gary McManus, State Climatologist with the Mesonet. “On the whole, August was still well above normal and contributed to the hottest climatological summer seen in the state …
September 2022 archive
Oklahoma town without water drills emergency well
Fresh water might soon return to the Seminole County town of Sasakwa where residents struggled through the summer without water. An emergency well was drilled in the town and water testing is underway reported NonDoc. Click here for NonDoc
Oklahoma’s electricity rates climbed the fastest in the past year
Where are electricity rates climbing the fastest in the U.S.? Right in Oklahoma according to recent data from the U.S. Energy Information Administration. The state saw a 49% increase from June 2021 to June of this year according to a report by Alliance for Electrical Restructuring in Oklahoma. The state went from having the most …
Shareholder accuses Hamm of low-balling Continental takeover offer
A possible money wrench has been thrown into the plans of billionaire Harold Hamm to take his Continental Resources oil and gas company back private. A class-action lawsuit has been filed by a company shareholder who contends the $70 a share offer made by Hamm in June is too low—way too low. Since Hamm …
NextEra wins Appeals Court ruling for transmission line in Texas
The week has been one of court rulings for NextEra Energy. Some it won and some it lost. One big victory came in the 5th U.S. Circuit of Appeals Court which says NextEra should have the right to build a transmission line across East Texas. The ruling said Texas must allow competition for the …
Williams to be part of Barclays CEO conference
The upcoming 2022 Barclays CEO Energy-Power Conference will include participation by Williams Cos. leader Alan Armstrong. Armstrong, Williams President and Chief Executive Officer will be joined by Chief Financial Officer John Porter in the Wednesday, September 7 conference in New York City. Armstrong is scheduled to present at the conference at approximately 10:20 …
Chesapeake Energy makes changes in stock warrants
Chesapeake Energy announced some changes this week in its previously announced exchange offers regarding its outstanding warrants for company shares. The Company has extended the offering period for each Offer until 11:59 p.m. (New York City time) on September 30, 2022. Chesapeake’s common stock, Class A warrants, Class B warrants and Class C warrants are listed on …
Cushing crude stocks dropped in late August
After a slight increase earlier in August, the Cushing hub’s stock crude oil dipped again in late August. The latest report from the U.S. Energy Information Administration showed Cushing held 25,284,000 barrels of crude oil as of August 26. It was a decline from the 25,807,000 barrels reported as of August 19. Crude stocks …
Gasoline prices continue their fall
While U.S. wholesale gasoline prices dropped to their lowest levels since before Russia’s war against Ukraine on Wednesday, prices fell to an average $3.43 a gallon in Oklahoma. U.S. gasoline futures fell as low as $2.58 a gallon, the lowest price since Feb. 18 before Russia invaded Ukraine. Oklahoma’s average of $3.43 compared …
Headlines
** A group of 34 Democrats and 16 Republicans in the U.S. House wrote a letter to President Joe Biden on Thursday expressing their concerns about the administration’s efforts to revive the Iran Nuclear Deal. ** U.S. wholesale gasoline prices fell to their lowest levels since before Russia’s invasion of Ukraine on Wednesday, suggesting motorists …