With historic cash flow reported in the 4th quarter for Oklahoma City’s Devon Energy, one thing is clear…the company’s commitment to its shareholders. It was repeated during this week’s conference call by Rick Muncrief, President and CEO who addressed investors and reporters. ‘I want to be clear that there’s no change to our disciplined …
The growing supply of crude oil in the U.S. was reflected again in the past week as supplies made a slow gain at the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported that as of Feb. 14, Cushing’s total crude oil storage amounted to 39.7 million barrels, a gain of 800,000 barrels …
If Edmond State Rep. Ryan Martinez thought his bill designed to give choice and competition in Oklahoma’s electricity market would be quickly approved in the legislature, he’s run into some opposition from one of the more powerful utilities in the state, not to mention from an electricity promoting group. In other words, the deregulation …
ONE Gas, Inc. leadership plans to be part of the Morgan Stanley Global Energy and Power Conference scheduled for Monday, Feb. 27 in New York City. Company representatives will follow that with attendance at the BofA Securities Power, Utilities and Clean Energy Conference to be held Wednesday, March 1 in Boston. Robert S. …
The federal government reports the nation’s production of renewable diesel fuel surpassed biodiesel production for the first time since 2011. The U.S. Energy Information Administration, in its January 2023 Petroleum Supply Monthly stated that renewable diesel production in November 2022 averaged 113,000 barrels per day (b/d), a 38,000 b/d (51%) increase from November 2021 and …
U.S. Senator Markwayne Mullin (R-OK), a member of the Senate Armed Services Committee, highlighted the importance of American energy independence during a hearing this week about global security challenges and strategies During his remarks, Senator Mullin questioned the Biden Administration’s readiness regarding threats of energy warfare and emphasized how the United States must use domestic production to …
The national charging network that the Biden administration wants across Oklahoma and the rest of the nation will have some new requirements. Final rules were announced this week, requiring that the chargers will be manufactured in the U.S. and more than half of the cost will come from U.S. made components by next year …
** Transportation Secretary Pete Buttigieg finally issued a statement on the train derailment (which has since developed into a toxic chemical environmental disaster) in Ohio on Monday evening — but as his statement came a full ten days after the derailment occurred, critics were less than impressed with his response. ** A report from nonprofit group Local Solar for …
