August 29, 2023 archive

A weakened dollar sends crude oil prices up on Tuesday

A Tuesday rally by crude oil sent prices up more than a dollar a barrel andd most Oklahoma energy stocks had the same kind of day. What caused the oil price increase? The value of the dollar weakened and investors worried openly about what Hurricane Idalia might do to energy supply once it hits Florida. …

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ONG used securitization and a lawsuit to recover 2021 winter storm costs

  When Fox 25 News in Oklahoma City reported this week about how the Arkansas Oklahoma Gas Company decided to withdraw its request for securitization to cover 2021 Winter storm gas costs, the news outlet also reported for the first time how one major Oklahoma utility filed suit against a natural gas provider following the …

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OU’s Mewbourne College will hold another ESG leadership class in October

  Want to be a leader in the world of ESG and energy? OU’s Mewbourne College is planning a fourth round of classes as part of its Environmental, Social and Governance Energy Leadership certificate program. The two-week, 46-hour certificate program will run from Oct. 16 to 27 and include a week of online instruction, two …

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Survey shows 56,000 EV charging locations across the country

  A new report from the federal government shows there were nearly 56,000 electric vehicle charging locarions in the country as of July. The U.S. Energy Information Administration cited 55,924 electric vehicle charging locations. Of those locations, 94% had only public ports and 4% had only private ports, with the remainder having both. The United …

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Colorado energy regulators go by new name

  A new name. New duties for Colorado regulators. The Colorado Oil and Gas Conservation Commission is now the Colorado Energy and Carbon Management Commission. New duties include building a reglatory framework for the growing geothermal energy sector that is a priority for Gov. Jared Polis, according to a report by the Greeley Tribune. Click here for …

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Magazine names OGE as top employer in Oklahoma

  OGE Energy Corp., parent company of Oklahoma Gas and Electric, was recently recognized as Oklahoma’s top employer in Forbes’ 2023 America’s Best Employers By State list. The company moved up to the number one spot this year after being ranked number two in Oklahoma in the magazine’s 2022 report.   “There are a lot of …

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BNSF honors firms for safe transportation of hazardous materials by rail

  At least one Oklahoma energy company was among the 115 customers of BNSF Railway Company honored for the safe transportation of hazardous materials by rail. NGL Energy Partners LP was named the recipient of the railroad’s annual Product Stewardship Award. Companies receiving the award transported an established minimum of loaded tank cars of hazardous …

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Merger fight to be heard by New Mexico Supreme Court

  Efforts by Public Service Company of New Mexico to merge with Connecticut-based Avangrid will be heard in a few weeks by the New Mexico Supreme Court. The state’s Public Regulation Commission rejected the proposed merger in December 2021 and the two utilities appealed the decision to the state Supreme Court. The case has sat …

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Aussies show more interest in lithium from brine in South Arkansas

  Seems there is rapidly growing interest in South Arkansas, home to the Smackover Formation and a rich yield of lithium from the brine. Australian-based Daytona Lithium, which controls the brine leases to more than 5,300 acres next to ExxonMobil’s newly-acquired brine leases sold 35% interest to another Australian company, publicly-owned Pantera Minerals. Remember, ExxonMobil …

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Senator says Nebraska’s an ethanol state—not an EV state

  Yet another state says it’s not ready for the spread of electric vehicles. Nebraska U.S. Sen. Pete Ricketts instead says there is plenty of ethanol available. “We’re a rural state. We don’t have chargers all over the place,” he told a recent panel of stakeholders and policy experts who discussed alternatives to electric vehicles. …

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