Oklahoma Attorney General Gentner Drummond announced Tuesday he has launched an online tip form where the public can report allegedly illegal conduct related to energy costs during Winter Storm Uri. The tipline, located on the Attorney General’s website (oag.ok.gov), is designed to collect information about market manipulation and any other questionable activity related to artificially …
December 2023 archive
PSO to pay rate refunds in January
Public Service Company of Oklahoma (PSO) residential customers will see refunds of interim rates on their monthly bills starting in January. The Oklahoma Corporation Commission approved new rates for PSO customers on November 21, resulting in refunds with interest on interim rates that began May 22. PSO will apply refunds to customer bills as …
Legislature sets appropriations hearings
The Oklahoma House of Representatives is preparing to hold hearings on budget requests of state agencies including those focused on environmental and energy issues. The House Appropriation & Budget subcommittees will hold the hearings before the start of the legislative session in February 2024. The various state agencies, boards and commissions that receive state funding …
EIA reports Anadarko basin oil production to slip in January
A new government report indicates oil production in the Anadarko basin, which includes much of Oklahoma, will shrink from December to January. The Energy Information Administration reported production of crude oil in December averages 392,000 barrels a day but in January, it is expected to decline to 389,000 barrels a day. Natural gas production …
New Mexico legislators worry about growing power of oil and gas industry
New Mexico, the state where green-minded leaders castigate the oil and gas industry but love to spend the record revenue it brings, now are reported to worry about how the increased oil production is making the industry more powerful politically. Oil and gas production not only pushed state revenue to a record $12.7 billion …
North Dakota and Minnesota fight over electrical power
Oklahoma oil and gas companies with heavy commitments to operations in North Dakota are likely to be paying attention to a growing flap between North Dakota and neighboring state of Minnesota. Here’s what the flap is about. Earlier this year, Minnesota’s legislature adopted a law that requires the state’s utility provideers to transition to …
BlackRock’s latest troubles—lawsuit by Tennessee
BlackRock Inc., the investment firm put on a black list by Oklahoma for its ESG strategy and policies is in more trouble over the controversial use of disciminating against oil and gas. Now the company has been sued by the state of Tennessee for allegedly breaching consumer protection laws by making “misleading” statements about …
Energy quick reads
** Nikola Corp. founder and former Chief Executive Officer Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric-truck maker’s progress. He was sentenced by a Manhattan judge. ** Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, …
Attacks on Red Sea shipping sent oil prices up
The Red Sea attacks by Yemini Houthi on martime ships resulted in a pause on BP shipments of oil, resulting in a gain in crude oil prices Monday. At the same time, most Oklahoma energy stocks also saw increases in the value of their shares. What resulted was a gain of $1.04 or 1.46% to …
American Airlines to add 300 jobs in Tulsa thanks to Commerce Department funding
(Stephen Pingry, Tulsa World Archive)il Print Copy article link Save The Oklahoma Commerce Department recently awarded $22 million to American Airlines in Tulsa where 300 jobs will be added to the major aircraft center. “We graciously thank Gov. (Kevin) Stitt, Lt. Gov. (Matt) Pinnell and the state of Oklahoma Department of Commerce for recognizing the …