Oklahoma Corporation Commissioners will hold their first meeting of 2024 on Thursday. The agenda includes technical conferences, a 24-hour signing agenda docket and a discussion of recent Transportation Division activity for motor carrier enforcement. The meeting will begin at 1:30 p.m.
January 2024 archive
Broadband Governing Board to meet Tuesday, January 9
The Oklahoma Broadband Governing Board will meet at 2:30 p.m. on Tuesday, January 9, in the First Floor Conference Room, Suite 105, of the Harvey Parkway Building, 301 Northwest 63rd Street, Oklahoma City, OK 73116. The agenda follows: 1. Call to Order, Welcome, and Determination of a Quorum 2. Compliance with Open Meeting Act …
Energy quick reads
** US auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers. ** General Motors said it will make sure its new electric vehicles remain price competitive even as new rules from U.S. Treasury disqualify some of the carmakers’ electric vehicles for the …
Utility merger scrapped in New Mexico
A proposed merger worth $4.3 billion in which Public Service Co. of New Mexico and Texas New Mexico Power would be owned by Avangrid of Connecticut was scrapped on Tuesday. Avangrid backed out of the deal to acquire PNM Resources and its two utilities, disappoiting PNM president and CEO Pat Vincent-Collawn. “We are greatly …
Williams announces $2.1 billion in senior notes offering
Williams announced that it has priced a public offering of $1.1 billion of its 4.900% Senior Notes due 2029 at a price of 99.839 percent of par and $1.0 billion of its 5.150% Senior Notes due 2034 at a price of 99.975 percent of par. The expected settlement date for the offering is January …
Earthquake numbers declined in 2023 in west Texas oilfields
A crackdown on an oilfield practice of re-injecting oilfield wastewater, very similar to one in Oklahoma some years ago, led to a 10% drop in the number of earthquakes recorded last year in Texas. It was the first such decline in the frequency of earthquakes in half a decade as the Texas part of …
New Mexico proposes more water rules directly affecting oil and gas industry
New Mexico wants new rules perhaps putting more restrictions on ground water use by the oil and gas industry. Its Environment Department recently announced a move to petition the Water Quality Control Commission to begin formal deliverations on the proposed rules, according to the Associated Press. The rules will focus on salty byproducts of …
Crude oil starts New Year on a down note
US crude oil prices started 2024 with a loss and so did the global benchmark, thanks to an ease in concerns about supplies being disrupted by Houthi attacks in the Red Sea. West Texas Intermediate crude finished down $1.27 or 1.8% to $70.38 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Brent crude oil prices averaged $19 per barrel less in 2023 than 2022
The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from $101/b in 2022, a difference of $19/b after rounding. Global markets adjusted to new trade dynamics, with crude oil from Russia finding destinations outside the EU, and global crude oil demand fell short of expectations. Those dynamics offset the impacts from OPEC+ …
OSU Water conference to be held Jan. 18
The Oklahoma Water Resources Center’s monthly water seminar series called “Water You Talking About?” will take place on the third Thursday of every month from 12 p.m. to 1 p.m. Each month the center will feature a new researcher or water professional to share their research, discuss research needs, and identify opportunities for collaboration. The …
