November 13, 2023 archive

AG tells regulators to re-do the PSO rate hike

  Attorney General Gentner Drummond intervened Monday in a recent Public Service Company of Oklahoma rate hike case, telling Oklahoma Corporation Commissioners to re-do the rate hike. He filed two motions asking the regulators to modify their final order on the PSO rate request “to ensure greater relief for residential customers,” stated the Attorney General’s …

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Crude oil made 1% in prices on Monday while some OK energy stocks recorded strong gains

 Monday’s trading resulted in a 1% gain for crude oil prices following an OPEC monthly market report and worries about declining demand in the U.S. and China. The OPEC report stated that oil market fundamentals continued their strength and predicted a slight increase to this year’s forecast for global oil demand growth. Some Oklahoma energy …

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Broadband board to meet in Okmulgee

  The Governing Board of the Oklahoma Broadband office meets Tuesday to get an update on the effort to trim the number of proposed rural broadband efforts that seek the state’s $374 million in federal money received so far. The funding is through ARPA, the American Rescue Plan Act and its related SLFRF or Coronavirus …

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Thanksgiving could bring rain to Oklahoma

  Looks like some rain is in the forecast for the approaching Thanksgiving holiday in Oklahoma. Otherwise this week, enjoy the sunshine and warm weather says State Climatologist Gary McManus with the Oklahoma Mesonet. How warm? Upper 60s and low 70s for many of us.

More Americans to travel this Thanksgiving holiday

  Thanksgiving is approaching and AAA projects more than 55 million travelers will make trips of at least 50 miles or more for the approaching holiday period. AAA stated that this year’s prediction of 55.4 million travelers is 2.3% more than last year and marks the third-highest Thanksgiving forecast since the organization started tracking holiday …

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Tahlequah Sen. files Daylight Saving Time bill

  The idea of turning clocks back in the fall or springing forward in the spring irks one state senator who wants Oklahoma to be permanently on Daylight Saving Time. Sen. Blake Stephens of Tahlequah filed a bill to “Lock the Clock” and keep the state permanently on DST. Senate Bill 1200, if approved by …

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Xcel cuts workforce due to inflation challenges

  Inflation and supply chain constraints are being blamed for Xcel Energy’s decision to lay off nearly 150 workers nationwide, including more than 50 in Colorado. The Minnesota-based company confirmed the layoffs in a recent statement issued to Denver TV station, Fox 31. “Xcel Energy, like many companies, continues to experience financial headwinds from inflation, …

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ExxonMobil to begin lithium production after deal with OKC energy firm

Exxon Mobil Corporation announced Monday its extensive plans to become a leading producer of lithium from the brine-rich Smackover formation of southern Arkansas where it made a major acquisition from an Oklahoma City developer earlier this year. The Texas-based company said work is underway for its first phase of North America production of the mineral …

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Quick energy reads

** Production workers at Ford’s Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement, while skilled trades workers voted in favor, the local chapter of the United Auto Workers (UAW) said on Monday. ** TotalEnergies SE agreed to buy three natural gas-fired power plants in Texas from TexGen Power LLC for …

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Empire reports 3Q loss but optimistic about North Dakota drilling program

  A month after launching a nearly $22 million drilling program in North Dakota, Empire Petroleum released its third quarter financial report showing a  $2.7 million net loss in revenue. The Tulsa company reported product revenue of $10.3 million compared to $9.8 million in the second quarter, but still had a net loss of $2.7 …

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