Oklahoma regulators will meet Thursday to consider whether to approve a more than $1 million base rate increase for the Arkansas Oklahoma Gas Company affecting its nearly 15,000 customers in Oklahoma. An Oklahoma Corporation Commission Administrative law judge recommended an increase of $1,055,850, down from AOG’s original request of $1,352,783 made in April …
December 2023 archive
Petroleum storage tank rules to be considered at technical conference
Oil and gas operators in Oklahoma will have to deal with more rule changes proposed by the Oklahoma Corporation Commission and some of its divisions. The Office of General Counsel, Judicial Services, Finance Division, Oil and Gas Conservation Division, Petroleum Storage Tank Division, and Transportation Division are hosting the second technical conference on Thursday, December …
FERC and others say Texas relies too much on natural gas for its electric grid
The electric grid in Texas, already criticized for its weakness in the 2021 Winter Storm Uri and severe weather the following year relies too much n uatural gas-fired backup generators after blackouts. It’s the opinion of the Federal Energy Regulatory Commission, the North American Electric Reliability Corp (NERC) and six regional entities covering 400 …
ONE Gas and national gas group challenge Biden administration’s new furnace rules
The American Gas Association, whose members include ONE Gas in Oklahoma, is putting up a challenge to the Biden administration’s regulations against natural gas furnaces. The Association contends the rules will affect more than half of all U.S. households that rely on natural gas for home heating and that includes a lot of Oklahomans. …
White House to decide whether year-round E15 gasoline sales will be allowed
It’s now up to the White House whether an EPA recommendation to expand sales of higher-ethanol gasoline in some Midwestern states will be adopted. The Environmental Protection Agency proposed the expansion of E15 or gasoline with 15% ethanol in March. It suggests year-round sales of the gasoline in Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, …
Energy quick reads
** The natural gas industry is challenging the Biden administration over its regulations targeting traditional gas-powered residential furnaces, which a rulemaking energy groups says will impact more than half of all U.S. households. ** Western Caucus Vice Chair Doug Lamborn (CO-05), joined by Chairman Dan Newhouse (WA-04) and Rep. Blake Moore (UT-01), introduced legislation to rescind the …
Coterra Energy gets permission to drill again in Pennsylvania gas field
(AP Photo/Alex Brandon, File) Coterra Energy, the Houston-based company with offices also in Tulsa is set to drill in a Pennsylvania rural area where it was banned for a dozen years because of water pollution. The company, considered onee of Pennsylvania’s leading natural gas companies, had pleaded no contest last year to criminal charges, but …
Crude oil prices gain again following more Houthi attacks in Red Sea
The Houthi attacks on ships in the Red Sea resulted in still another gain in crude oil prices on Tuesday. Oil prices went up more than a dollar a barrel as the attacks disrupted maritime trade and caused more companies to reroute their vessels. West Texas Intermediate, the US benchmark, rose 97 cents or 1.3% …
Panasonic decides a second time against building an EV battery plant in Oklahoma
Oklahoma’s hopes of landing a Panasonic electric vehicle battery plant were dashed a second time by the huge conglomerate. After Panasonic picked a site in eastern Kansas over Oklahoma for a $4 billion EV battery plant, the firm said it would still explore another such plant in Oklahoma. But on Tuesday, Panasonic made it …
4Q earnings release date set by ConocoPhillips
After record third-quarrter production and earnings of $2.8 billion, ConocoPhillips is preparing to release its fourth quarter earnings report in February. Investors will be anxious to know if earnings improved after dropping from a year earlier. The company will release the results before the market opens on Thursday, Feb. 8, 2024. Executives will follow …