November 2023 archive

Weekend snowfall could change drought maps in Oklahoma

  Weekend snowfall in Oklahoma provided some good cover for the spring crops. It also produced some challenging windchills. “We had a good swath of 6-8 inches up in NW OK, with Beaver leading the way with 8 inches,” reported Oklahoma Climatologist Gary McManus in his Monday Mesonet newsletter. “It also brought moisture to parts of …

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Utah oil facility not in compliance with state air-quality rules

As some Colorado leaders fight a proposed expansion of a crude oil railway to carry Uinta Basin crude oil from Utah to Colorado and eventually to Oklahoma’s Cushing Hub, opponents are finding more negative elements about the plan. Such as the report by Colorado Newsline that the privately owned oil loading facility that seeks approval …

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ERCOT suggests winter storms could produce rolling blackouts in Texas

  The threats of winter storms and their impact on electricity production are being taken more seriously by the people who run ERCOT, the Electric Reliability Council of Texas. Like leaders in Oklahoma still investigate what happened in the 2021 Winter Storm Yuri, ERCOT executives worry about that might happen if a cold snap hits …

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Quick energy reads

** An oil spill believed to be caused by a pipeline rupture offLouisiana appears to rank among the 10 largest to affect American waters in 40 years of tracking. ** The United States is poised to extract more oil and gas than ever before in 2023, a year that is certain to be the hottest ever …

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What’s next after Corporation Commission responds to AG’s subpoena?

  Now that Oklahoma Attorney General Gentner Drummond has his hands on perhaps thousands of email communications from the Corporation Commission, how will he handle a review of them? His subpoena of the three Corporation Commissioners and the entire Commission staff had a deadline of Nov. 27. It was intended to be an extension of …

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Monday deadline for Corporation Commission to comply with subpoena

  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 …

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Attorney General says Corporation Commissioners did the right thing

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 …

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Lankford and others raise questions about Energy Department security transfer

(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 …

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Crude oil finished down on Friday but up for the week

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 …

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October’s Oklahoma revenues reflect loss of oil and gas production

  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 …

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