The environmental group, The Nature Conservancy, is into a year old $42 million program to preserve and restore nearly 30 million acres of grasslands in parts of Oklahoma, southwest Kansas and three other states, Texas, New Mexico and Colorado. It’s called the Southern High Plains Initiative and major brands such as Burger King and …
January 2024 archive
FERC blames GRDA for flooding of Miami in northeast Oklahoma
“A big win for us.” It’s the response of Miami city officials in northeast Oklahoma after the Federal Energy Regulatory Commission ruled the Grand River Dam Authority was responsible for major flooding in the city. FERC said the GRDA violated its license by not buying out affected property owners, reported The Frontier. It …
Oklahoma and US rig counts remain steady
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 …
Chickasaw Nation comes out for Performance Based Rating in Oklahoma
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 banned from state business in Texas—-blame its ESG policies
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 in US and across the world hit highest marks in 8 weeks
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 …
One man’s opinion—electric vehicles are a “fading fad”
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 …
Energy quick reads
** 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 …
If LNG were food, would we call Biden a tyrant?
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 …
Will 3Q improvements for ONE Gas continue to 4Q?
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, …