A combination of soft Chinese demand and extended supply cuts by OPEC+ led to a Friday drop of 1% in crude oil prices. Natural gas closed down again. West Texas Intermediate crude finished down 92 cents or 1.2% at $78.01 per barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, closed down …
March 8, 2024 archive
Utilities impersonator reported in OKC
The Oklahoma City Utilities Department has been made aware that a person impersonating an Oklahoma City Utilities worker is knocking on doors in a residential neighborhood in an attempt to get into homes. The city issued an alert on Friday saying reports of the impersonator have been in Oklahoma City’s Chisholm Crossing neighborhood. Per reports, …
Congressman criticizes SEC’s move into climate regulation
Oklahoma Congressman Frank Lucas is critical of the recent move by the SEC to become a climate regulator. He’s referring to the Securities and Exchange Commission’s vote for a climate disclosure rule that will affect major companies across the country—forcing them to reveal the impact of their operations on the climate. In …
Bill relating to Oklahoma Open Meetings Act unanimously passes state House
Oklahoma State House members raised few questions about a bill addressing delayed public records requests made with a government agency or body. Rep. Annie Menz, Democrat from Norman filed HB2730 and it received unanimous approval on Thursday in the House. The vote was 85-0. HB2730 relates to the Oklahoma Open Meetings Act, which …
Devon wins right to take $100 million royalty lawsuit to federal court in Texas
Devon Energy has won a ruling from the U.S. Fifth Circuit Court of Appeals in New Orleans after being sued by 214 plaintiffs who had claimed the Oklahoma City energy company had uderpaid them by more than $100 million in oil-and-gas royalties. The suit was filed against Devon Energy Production Company, L.P. in a …
Food Bank in OKC goes solar power
The Oklahoma City-based Regional Food Bank recently finished construction of a $1.6 million project to get some of its electricity from solar power. Bank officials estimate it will result in millions of dollars in utility costs, equating to millions of meals, reported KOCO TV News. Click here for KOCO TV News
Energy quick reads
** The Senate has passed legislation that would expand and extend compensation for victims of U.S. nuclear testing — but it faces uncertain prospects going forward. It would revive legislation that is set to expire in June that compensates Americans exposed to radiation byWorld War II-era nuclear testing and Cold War-era uranium mining. ** The CEO of Rivian …