Oklahoma Corporation Commissioners will meet Thursday and hold a discussion about two controversial topics—Right of First Refusal for utilities and Performance Based Ratemaking. The agenda for the 1:30 p.m. meeting includes an item regarding the Commission’s inquiry into the two issues. Both were also the subject of recent interim studies by committees in the …
Wednesday’s trading brought another 3% drop in crude oil prices and Oklahoma energy stocks experienced a second straight day of losses. It was the lowest level for oil prices in more than three months as concerns grew over declining demand in the U.S. and China. West Texas Intermediate fell $2.12 or 2.7% to $75.25 a …
Crude oil stocks at the Cushing Hub in Oklahoma and across the U.S. made slight increases in the past week. Cushing gained 300,000 barrels since October 20 when there were 21.2 million barrels of oil in the large storage tanks. The U.S. Energy Information Administration reported Cushing maintained 21.5 million barrels as of October …
The growing chain of Casey’s General Stores is entering north Texas where the company has acquired 22 Lone Star Food Stores. With locations throughout Oklahoma, Casey’s announced the new holdings are within a 60-mile radius of Sherman, Texas. The transaction is expected to close by the end of November and Casey’s said it is …
Even as Alliance Resources in Tulsa is considered one of the major coal mining companies in the eastern part of the U.S., it also has grown its oil and gas operations. The mining operations, third largest in the eastern U.S., are in Indiana, Ilinois, Kentucky, Pennsylvania, Maryland and West Virginia, but its oil and …
Here’s how some energy issues fared in Tuesday’s elections in other states. Texas voters approved a state energy fund to provide low interest loans for new natural gas-fired power plants. In Maine, voters rejected a measure to create a consumer-owned utlity. Those who supported the idea were outspent 40 to one. Voters there also supported a …
If the U.S. House members, including those from Oklahoma, have their way, the salary of Transportation Secretary Pete Buttigieg would be slashed to $1. The GOP-controlled House voted Tuesday night in a voice vote to do such that, creating a new salary of $1 a year. Since it was a voice vote, there was …
Oklahoma Congressman Josh Brecheen wants to put a roadblock to President Biden’s plan to create a Climate Change Support Office at the State Department. He also wants to eliminate John Kerry from flying around the world in his position as the U.S. Special Presidential Envoy for Climate. Brecheen introduced the Stop Climate Hysteria in …
Oklahoma Corporation Commissioner Bob Anthony might have finally gotten his wish—that someone with authority would investigate how the state’s major utilities won approval for billions of dollars in Winter Storm Uri costs to be transferred to ratepayers rather than borne by the companies. The Oklahoman reported early Wednesay that Attorney General Gentner Drummond subpoenaed …
With a big presence and huge success in Oklahoma’s STACK play, Ovintiv Inc. reported a big jump in net earnings for the third quarter of the year. It generated net earnings of $406 million, cash from operating activities of $906 million and free cash flow of $278 million. The $406 million was a sizeable …
