Strong winds in Oklahoma on Tuesday caused power outages for Oklahoma Gas and Electric. An estimated 8,200 customers were without service as of late in the afternoon. Winds gusting to 50 mph were blamed for the outages. OG&E said the winds damaged the power lines and equipment. The outages were expected to continue throughout …
February 14, 2023 archive
Crude oil prices slipped while OK energy stocks made moderate gains
The announcement that the U.S. Energy Department plans to sell 26 million barrels of oil from the Strategic Petroleum Reserve sent crude oil prices lower more than 1% on Tuesday. West Texas Intermediate crude for March delivery dropped $1.08 a barrel to $79.06 on the New York Mercantile Exchange. Global benchmark Brent crude for April …
Groups join forces to fight anti-solar bill in Arkansas
More than 90 Arkansas businesses, farm groups, cities and counties joined in their opposition to a legislative bill that would eliminate net metering for renewable energy. The organizations came out against newly filed HB 380 that they contend would raise electric bills and kill thousands of solar industry jobs reported the Arkansas Times. They …
Critics want reform of Kansas Corporation Commission
The same kind of complaint that the Oklahoma Corporation Commissioners too often bow to the rate demands of utilities rather than protecting consumers has been made in Kansas. It was there this week that an executive of Spirit AeroSystems pleaded with the Kansas Senate to reform membership and operations of the Kansas Corporation Commission …
Early approval for 2-year vehicle registration in Oklahoma
Rep. Dean Davis, R-Broken Arrow, won unanimous passage this week of a bill that would allow personal vehicle owners the option to register every two years instead of annually. House Bill 2011 directs Service Oklahoma to promulgate rules and procedures to establish an option for a biennial registration for all vehicles other than manufactured …
Legislative bill would allow competition in Oklahoma’s electricity market
Oklahoma State Rep. Ryan Martinez (R-Edmond) filed legislation that would help reduce Oklahoma’s skyrocketing electrical bills by injecting choice and competition into the electricity market. HB 1602 would give commercial and industrial customers currently in OG&E or PSO territories the option of purchasing electricity from other vendors beginning in January 2025. Residential consumers would have …
Senator critical of Biden administration delays in Gulf Coast oil and gas terminal applications
Texas U.S. Sen. Ted Cruz is again critical of the Biden administration. This time, he wants an explanation of the “prolonged delays” in approving permits for deepwater oil and gas terminals along the Gulf Coast. The Houston Chronicle reports that of five applications awaiting approval from the Department of Transportation, four were filed before …
Energy independence still a top priority for U.S. Sen. Mullin
In a recent interview for the Senate Republican Conference podcast, “The Elephant in the Room,” U.S. Sen. Markwayne Mullin explained energy independence for the U.S. remains his top priority and a main reason why he entered politics. “Let’s take the policy out of the hands of Washington, D.C. and put it back in the …
TARGA under investigation for methane leak in Texas
Nearly a month after Targa wrapped up a $1 billion acquisition of a share of the Grand Prix NGL pipeline in Oklahoma, the firm finds itself under investigation for failing to report a release of tons of natural gas as quired by state regulations in Texas. The leak happened Jan. 20 near one of …
Anadarko basin crude oil production to increase in March
Oil production in the Anadarko and Permian Basins is expected to make gains in the coming month according to a report from the U.S. Energy Information Administration. The Anadarko Basin’s production was 433,000 barrels of oil a day in February but will increase to 445,000 barrels of oil a day in March predicted the …
- 1
- 2