The issue of winter storms and their impact on the power grid in Texas is taken so seriously that Gov. Greg Abbott addressed the matter this week. On Thursday, severe weather was forecasted in the state and Abbott vowed the state was “ready to swiftly respond with emergency resources.” With last year’s winter storm …
November 2023 archive
Headlines of energy stories
** Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion, a person familiar with the matter told Reuters on Wednesday. ** The U.S. Coast Guard expands its search for the source of last month’s …
Study claims Texas coal-fired power plants led to thousands of deaths
Researchers from the University of Texas in Austin were part of a study that contends coal-fired power plants in the U.S. caused more than 103,000 deaths in the nation since 1999. Power plants in Texas resulted in a reported 27,000 deaths. Their research concluded that coal electricity-generating emissions caused nearly 460,000 deaths from 1999 …
Crude oil gained nearly 2% in Wednesday’s trading
The gain of $1 a barrel for crude oil prices Wednesday didn’t help Oklahoma energy stocks much at all as they were mixed in trading. The boost in crude prices came as investors await probable fresh supply cuts from OPEC+ and analyze the jump in U.S. crude stockpiles. US benchmark, West Texas Intermediate gained $1.45 …
More increases in crude stocks at Cushing and the U.S.
Crude stocks at the Cushing Hub in Oklahoma and across the U.S. recorded gains in the most recent reporting period, reported the U.S. Energy Information Administration. The gains came as a Japanese refiner permanently closed a 120,000-barrels-a-day refinery in western Japan while another company announced plans to shut down a similar-sized refinery in March …
Heartland Flyer extension still in the works
Proposed Heartland Flyer extension, connecting Oklahoma City to Newton. (Courtesy Kansas …) Updating the latest efforts to extend Amtrak rail passenger service from Oklahoma City north to Newton, Kansas, the Kansas Transportation Department is attempting to get input from travelers in Oklahoma, Kansas and Texas. A push is underway not only to extend the Heartland …
Entergy agrees to $142 million repayment to Arkansas customers
Arkansas utility regulators recently approved a $142 million offer from Entergy to repay ratepayers for the firm’s alleged mismanagement of its Grand Gulf nuclear power plant in Mississippi. The Arkansas Public Service Commission had rejected the offer in August 2022 as insufficient, but dropped its objections with little fanfare last month. Arkansas Business reported …
Corporation Commissioner says rights of ratepayers are violated
Oklahoma Corporation Commissioner Bob Anthony came out Wednesday with a claim that the constitutional rights of ratepayers are “repeatedly violated” because the attorney general is “trying to represent competing interests at the same time.” While critical of the situation for Attorney General Gentner Drummond, Commissioner Anthony also praised Drummond’s for finally carrying out an …
NobleCon19 to include Tulsa’s Alliance Resource Partners
Tulsa’s Alliance Resource Partners, L.P. plans to take part in an upcoming conference to attract investors. Alliance, the largest coal producer in the eastern U.S. but headquartered in Tulsa, plans to be part of the NobleCon19-Noble capital Markets 19th Annual Emerging Growth Equity conference on Dec. 4 in Boca Raton, Florida. The conference is …
Cheniere Energy announces long-term gas supply contract with Canadian firm
Cheniere Energy, the Houston firm with the Midship natural gas pipeline extending from Kingfisher, Oklahoma south to the state line, announced a major long-term contract with a leading natural gas producer in Canada. Cheniere said its Sabine Pass Liquefaction Stage V, LLC made the deal with ARC Resources U.S. Corp., a subsidiary of ARC …
