Monday is the deadline for the Oklahoma Corporation Commission and its staff to comply with a subpoena issued by Attorney General Gentner Drummond who is investigated suspected market manipulation of natural gas costs during the 2021 Winter Storm Yuri. It was early November when Drummond fired off his subpoena in response to Corporation Commissioner …
Oklahoma Attorney General Gentner Drummond commended state regulators after they took action last week to reinstate a 2.5% residential rate cap for customers of Public Service Company of Oklahoma. The Corporation Commission voted 2-0 to follow through with the Attorney General’s request after the members previously voted 2-1 in support of a lower PSO rate …
(Jim Watson/Pool via AP) The sudden transfer of the man who led counterintelligence at the U.S. Energy Department following a critical report prompted Oklahoma U.S. Sen. James Lankford and others to raise questions to Energy Secretary Jennifer Granholm. He and several other Republican Senators are raising alarm bells over the sudden transfer of Steven Black …
Crude oil prices fell 1-2% in Friday’s trading following the Thanksgiving Holiday, but Oklahoma energy stocks recorded small gains for the day. The drop in crude came after the release of some hostages in Gaza, a move that eased Middle Easst worries. It turned out to be the first week of price gains in more …
Reduced oil and gas revenue is having a growing impact on Oklahoma’s tax revenue, falling more than 25% over the past year. State Treasurer Todd Russ reported the state’s gross receipts for the last 12 months of $17.07 billion are more than $167 million or 1% below revenues from a year ago. He blamed …
** An estimated 1.1 million gallons of crude oil have spilled into the Gulf of Mexico since Nov. 16, with emergency officials scrambling for nearly a week to locate the source of the leak and determine whether an underwater pipeline had ruptured off the Louisiana coast. ** Occidental Petroleum Corp, W&T Offshore Inc and Talos …
