Devon Energy Corp. announced that Jeremy Humphers, Senior Vice President and Chief Accounting Officer, is retiring from the company after working there since 2003. He will step down from his current role effective March 8, 2024. John Sherrer will succeed Humphers as Vice President, Accounting & Controller and will be designated as the company’s …
January 2024 archive
Growing debt as consumers struggle with increasing utility costs
Customers of Oklahoma’s major utilities who complain about the never-ending cycle of rate hike requests and approvals are not alone. Many have complained to Oklahoma Corporation Commissioners and in OG&E’s latest request for a rate hike that would raise residential rates by another $19 a month, a long list of consumers opposed the request. …
Crude oil prices slipped in Tuesday’s trading
Tuesday’s slight drop in crude oil prices came as a result of increased crude output in the US while supplies increased in Libya and Norway. North Dakota, whose oil production had plummeted 700,000 barrels a day because of recent frigid and nasty winter weather saw a return in output but remained down about 300,000 bpd. …
Corporation Commissioners to meet Wednesday
The next meeting of State Regulators will again focus mostly on rulemaking changes. In the Wednesday afternoon meeting that starts at 1:30, Corporation Commissioners will consider rule changes dealing with rules of practice, oil and gas conservation, fuel inspection, underground and above ground oil storage tanks, and Corrective Action of Petroleum Storage Tank Releases. …
Next generation pipelines bill filed in House
Some members of the House Science committee chaired by Oklahoma Rep. Frank Lucas are calling for improvements in oil and natural gas pipelines across the U.S. The maze of lines buried across the country is the focus of modernization efforts by Science, Space and Technology Committee members Rep. Randy Weber (R-TX) and Rep. Yadira …
Nearly two dozen energy bills to be considered by coming session of the State Legislature
Energy and energy-related topics won’t be in short supply when the Oklahoma legislature goes into the 2024 session in a few weeks. A cursory review of the 1,463 bills filed for the approaching Second Session of the 59th Legislature showed nearly two dozen energy bills. Some of those we’ve been able to identify include: …
Lankford pushes bill to keep US from depending on China for critical minerals
Senator James Lankford joined five other U.S. Senators this week in filing a bill to prevent the U.S. from being dependent on Communist China for critical minerals. Together with Sens. (R-OK), John Cornyn (R-TX), Mark Warner (D-VA), Todd Young (R-IN), Angus King (I-ME), and John Hickenlooper (D-CO), they introduced the Critical Minerals Security Act. Their …
BlackRock also maintains ownership of ONE Gas shares
BlackRock Inc., the firm banned by the state of Oklahoma from handling any state investments because of its ESG policies remains a big investor in another Oklahoma energy firm. A filing with the Securities and Exchange Commission by ONE Gas showed BlackRock is the owner of 14.5% of the shares in the Tulsa-based firm. …
NuEnergen announces partnership to automate energy curtailment for the Southwest Power Pool
Demand response services provider and energy management consultant NuEnergen, based in New York, announced a partnership to bring automated demand response to users of the Southwest Power Pool through a collaboration with OBM Foreman, an industry leading miner management and curtailment software provider. This integration allows for rapid response to grid constraints by adjusting …
Snow and sub-freezing weather hit North Dakota’s oil production hard
Here’s how much oil production was lost in North Dakota because of the recent frigid weather—700,000 barrels a day. That’s the figure from Lynn Helms, Director of the North Dakota Department of Mineral Resources, who offered his etimate after historic low temperatures stopped oil and gas operations in the Bakken. It was the impact …
