Those opposed to proposed electricity deregulation in Oklahoma celebrated the death of a bill in the Oklahoma legislature. “Oklahoma lawmakers recognized that HB 1602, the electric deregulation bill that died in committee Thursday, would dismantle our state’s cost and reliability protections for Oklahoma electricity consumers, who largely oppose restructuring,” said Jeff Cloud, Executive Director …
March 2023 archive
Another round in fight against ESG investment begins in Texas
First Texas enacted a law targeting investment firms that discriminated against oil and gas operations, then Oklahoma followed suit with its Energy Discrimination Elimination Act. Similar efforts followed in West Virginia and Idaho. Now another effort is underway in Texas, this time involved a proposed law to fight against those ESG policies that could …
Strong gains for crude oil and OK energy stocks on Friday
Will the strong gains recorded Friday by crude oil prices and Oklahoma energy stocks continue through Monday? It’s the question investors want to know. Crude gained more than $1 a barrel while Oklahoma energy stocks made strong increases with some firms seeing 5% and 6% gains. What drove the gains? Renewed optimism over increased …
Permits to drill for March 3, 2023
Canadian County SHARRY 16_21-13N-10W #5HX, March 03 2023 16 13N 10W SENWNENW API: 01725929 Lat: 35.6082015614413, Long: -98.27223259559995 DEVON ENERGY PRODUCTION CO LP MU, DR, 23281 ft, MISSISSIPPIAN(11348), MISSISSIPPI LIME(12405), WOODFORD(13025) Canadian County SHARRY 16_21-13N-10W #4HX, March 03 2023 16 13N 10W SWNWNENW API: 01725928 Lat: 35.60820156612092, Long: -98.2723335145329 DEVON ENERGY PRODUCTION CO LP MU, DR, 22616 …
Completion reports for March 3, 2023
ATOKA COUNTY Trinity Operating Usg Llc Woodford(23191): Gas 6946 Water 2897 Flow 15 2N 12E Kiedaisch 3-15.22.27.34h, October 13, 2022 HH, GAS, TD: 23342 ft Lat: 34.63940, Long: -96.03004 API: 35005204770000
Rig counts fell last week in Oklahoma and across the U.S.
Oklahoma and the nation saw another decline in the past week of active oil and gas rigs, according to figures released by Baker Hughes Co. Oklahoma’s count dropped one to 61 rigs. A year ago, the state had 49 active rigs. Nationally, the count dropped by 4 to 749. The decline came as the …
Texas governor says solar and wind projects need not apply for state tax breaks
Texas Gov. Greg Abbott is 100% behind a new state program to give tax breaks to businesses but not for wind and solar energy projects. “I support [the program] not providing economic incentives for renewables,” Abbott said during a news conference in Austin. “There’s already federal incentives for renewable projects, and those will continue …
Denver already behind EV goals
Some city leaders in Denver, Colorado now admit that maybe their goals were a little too lofty in EV development in order to meet greenhouse gas reduction goals. Gov. Jared Polis unveiled a plan to electrify all vehicles across the state by 2050 but it appears residents of Denver aren’t jumping so quickly into …
Oklahomans will tell their economic stories before House field hearing
The U.S. House Ways and Means Committee field hearing set for Tuesday in Yukon will give Oklahomans a chance to tell their stories of what has happened to the nation’s economy….an economy that saw food prices go up 10% in the past year. Inflation, according to the Congressional Budget Office, is 130% in rural …
Regulators to make changes in rules and regulations
Oklahoma Corporation Commissioners plan to hold a special meeting technical conference on Tuesday to discuss but not vote on proposed rulemaking changes. The staff recommended amendments to the Rules of Practice set forth in the Oklahoma Administrative Code. One amendment would allow an Administrative Law Judge to appear and conduct a hearing remotely without …