The impact of a reimbursement of $250,000 by a bank that overcharged for its underwriting of winter storm bonds for an Oklahoma utility. What does it mean. Scott Mitchell and Jerry Bohnen talk about it in their latest edition of Mitchell Talks Energy. Just click the start arrow and listen to their lively discussion. …
While Monday was a holiday in the U.S. and the markets were closed, global crude oil prices managed a slight increase and analysts credited the continuing worries over the fighting in Gaza and Israel’s standoff with other groups of terrorists. Brent, the global benchmark, gained 9 cents and settled at $83.56 a barrel on …
Three years ago this week, Oklahoma, Texas and a handful of other states endured what the National Weather Serevice called “one of the most impactful winter events in recent history.” Yes, 2021 Winter Storm Uri. Or at least that’s the name attached to it by the Weather Channel. You remember. Bitter cold, snow, …
Described as the “premiere utility event in DC,” thousands of utility representatives, regulators including Oklahoma’s three Corporation Commissioners and a flood of lobbyists will be in the nation’s capitol in the coming week. It is the annual Winter policy summit of the National Association of Regulatory Utility Commissioners and it will be held Sunday, …
** A group of truck drivers who support former President Trump have announced they will not be driving to New York City as a means of expressing their disappointment with the civil fraud judgment that fined Trump more than $350 million last week. ** Federal regulators deny proposed pumped hydropower storage projects’ permits on the Navajo Nation and establish …
Mulready: Earthquake Insurance – What You Need To Know By Oklahoma Insurance Commissioner Glen Mulready The Oklahoma Insurance Department (OID) kicked off February with a post on X, formerly known as Twitter, announcing our Earthquake Awareness Month social media campaign. Ironically enough, a 5.1 magnitude quake struck near Prague, Oklahoma, about eight and a half hours later. I can …
Six years after the derailment of a BNSF crude oil train spilled 160,000 tar sand oil near the town of Doon, Iowa, a lawsuit has been settled over the matter. Landowners filed suit against BNSF asking for actual and punitive damages. They blamed the railway for the accident but an investigation by the National …
Still awaiting shareholder approval of its recently-announced merger with Oklahoma City’s Chesapeake Energy, Houston’s Southwestern Energy company plans to release its fourth quarter earnings report this week. The release will be on February 22 after the market close, according to Southwestern. It will be available on the company website, www.swn.com. Due to the pending merger …
W Just a political move to garner support leading up to the Presidential election. It’s how geopolitical observer Peter Zeihan looks at President Biden’s freeze or moratorium on building any new ports to allow overseas shipments of LNG. It’s certainly a hot-button issue in Oklahoma and other oil producing states as Representatives and Senators …
Oklahoma City’s Mach Natural Resources LP recently announced the declaraton of a quarterly cash distribution. The energy firm said the board of directors of its general partner approved the fourth quarter 2023 distribution of 95 cents a common unit. It will be paid March 14, 2024 to common unitholders of record as of the …
