Normally many customers of utility companies are shocked when they open their monthly bills—shocked over increased amounts. But Oklahoma Gas and Electric Company is doing just the opposite. On Thursday, the utility informed its customers it would be lowering customer bills effective Nov. 1 because it would also be lowering the fuel charge on …
October 2023 archive
Lankford and Sinema work to improve federal telework
Senator James Lankford (R-OK) along with Senator Kyrsten Sinema (I-AZ) introduced the Telework Reform Act to better equip federal agencies to recruit strong candidates to remote work positions and to promote the management, accountability, and transparency of federal telework environments. This bill directs federal agencies to identify job classifications which could benefit from being performed through remote work …
Electricity price inflation condemned by consumer group
A national coalition that advocates for increased competition in the nation’s electricity transmission infrastructure points to the latest set of inflation data released by the U.S. Bureau of Labor Statistics to make its case. The Electricity Transmission Competition Coalition says the data confirmed that electricity price inflation continues to hurt households and businesses, far outpacing …
US sees large build in stored crude oil while Cushing fell
The amount of crude oil in storage in the U.S. grew in the past week, causing a drop in American oil prices. At the same time, the storage dropped at the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported the U.S. storage rose by more than 10 million barrels from 765.3 million …
Hamm says war in Israel shows importance of energy and national security
Noted Oklahoma oilman Harold Hamm, the founder of Continental Resources and who is considered a “legend” in the industry, says the war declared against Hamas by Israel shows one thing—the world’s energy industry is better prepared for worldwide disruptions than it was decades ago. “It certainly has affected our industry. This deal in Israel—we’re …
Federally funded well-plugging effort is really a small effort
Observers of the nation’s thousands of abandoned oil and gas wells say what the Biden administration is putting into a cleanup program is only a dent in the effort. Oklahoma is among 24 states that received some of the billions of dollars. A total of $4.7 billion was set aside to plug the orphanied …
3Q earnings report scheduled by LSB Industries in OKC
The third quarter financial results of ammonia-related producer LSB Industries, Inc. will be made known at the first of November. The Oklahoma City company pllans to release the report after the close of the stock market on Wednesday, November 1. It will be followed by a conference call on Thursday, November 2 at 9 …
Gulfport schedules release of 3Q earnings report
Gulfport Energy Corporation plans to release its third quarter earnings report at the end of the month. Results will be released after the market closing on Tuesday, October 31. A teleconference and webcast will be held the next day, Wednesday, November 1 at 8 a.m. Central Time. As a result of its exploration, acquisition …
Vital Energy prepares for release of 3Q earnings report
Ahead of releasing its third quarter financial results in early November, Vital Energy, Inc. provided select preliminary results for third-quarter 2023, including average daily total and oil production and incurred capital investments. The Tulsa company’s third-quarter 2023 total production averaged approximately 101.3 thousand barrels of oil equivalent per day (“MBOE/d”), above guidance of 94.0 …
Headlines of other energy stories
** Transportation Secretary Pete Buttigieg was chased from an event in Baltimore on Tuesday evening after left-wing climate activists stormed the stage and demanded he stop fossil fuel infrastructure projects. ** Congressional Western Caucus Chairman Dan Newhouse (WA-04) introduced legislation which would withdraw the National Park Service (NPS) and U.S. Fish and Wildlife Service (FWS) proposed 10(j) …
