The most recent rig count from Baker Hughes showed Oklahoma’s activity held steady in the past week and the nationwide numbers increased by one to reach 621 active oil and gas rigs. The figures, released Friday, indicated Oklahoma was unchanged with 42 active rigs, still far below the count from a year earlier when …
Those opposed to the growing effort of the state’s major utilities to get the legislature to adopt a Performance Based Rates law might say the Chicksaw Tribal Utility Authority just added fuel to the fire. The Authority came out in support of the PBR issue, claiming it promotes “stability by gradually recovering the investments …
Barclays bank is the latest firm to be slapped with a ban because of its ESG policies that reportedly discriminate against the oil and gas industry. Texas took the action on Friday as Attorney General Ken Paxton explained the bank would not be allowed to underwrite municipal bonds. He said the bank had failed …
Crude oil prices rose Friday to their highest level in 8 weeks and some Oklahoma energy stocks also had big gains in trading, one with a 10% increase for the day. What sparked the jump in crude? Good U.S economic growth along with signs of a Chinese stimulus. It boosted demand expectations and at the …
Evidence that EVs are a fading fad is “rolling in fast” according to Todd G. Buchholz, former White House director of economic policy under President George W. Bush. Writing in Market Watch, he stated, “it appears that consumers still prefer to drive to a gas station for a five-minute fill-up than to retrofit their …
** A large coalition of more than 30 fossil fuel industry associations is raising the alarm over an expected White House decision to delay permitting for key natural gas export facilities over their potential climate impacts. ** Multinational energy developer Orsted unexpectedly withdrew from agreements with the State of Maryland to develop two offshore wind projects, citing worsening economic …
Some are calling President Biden’s move to delay approval of some big LNG projects across the U.S. a big victory for environmentalists. But Brook Simmons, President of the Petroleum Alliance of Oklahoma thinks just the opposite “If Europe were starving and our president used his executive power to limit wheat exports, we’d call him …
After a third quarter where net income and operating income improved for ONE Gas, the company’s investors will learn in a few weeks whether the improvements continued in the fourth quarter. ONE Gas plans to release its fourth quarter and full year 2023 financial results after the market closes on Wednesday, Feb. 21, …
More than 55,000 Oklahoma homes and businesses are one step closer to receiving high-speed internet service, thanks to recent votes by the Oklahoma Broadband Governing Board to authorize broadband infrastructure expansion projects in 57 counties. Once all necessary agreements are executed, the 142 approved projects would provide broadband to nearly a quarter of locations without …
Oklahoma Corporation Commissioners plan to hold a special meeting this week to begin the early stages of reviewing the $332.5 million rate hike request by Oklahoma Gas and Electric. It will be during a Tuesday afternoon meeting and the commissioners are not expected to dig deeply into the request. That will come later when …
