Not only did crude oil prices jump more than $2 a barrel or nearly 3% in Tuesday’s trading but Oklahoma energy stocks gained as well with a few seeing 6% and 7% boosts for the day. Crude prices rose on an anticipation that OPEC+ will maintain crude supply restrictions when members meet June 2. The …
The Judge who suspended Oklahoma’s enforcement of its Energy Discrimination Elimination Act, the measure enacted two years ago to protect the oil and gas industry from discriminating financial firms, is now being asked to offer a victory to the state retiree who filed suit and challenged its constitutionality. The attorney for state retiree Don …
Attorney General Gentner Drummond finally offered comments over the legal action he took last week in going to the U.S. Supreme Court in a challenge of the climate litigation against the oil and gas industry undertaken by California, Connecticut, Minnesota, New Jersey and Rhode Island. He accused the states of trying to dictate America’s energy …
by Mike Ray Southwest Ledger The state Corporation Commission approved Fort Cobb Fuel Authority’s fuel adjustment clause for calendar year 2022 even though it was significantly higher than the amounts charged by three other natural-gas providers in Oklahoma. In calendar year 2023 the average utility price per thousand cubic feet (Mcf) of natural …
Summit Utilities, the company that recently revealed plans to build a green hydrogen production plant in Cushing, just dodged a bullet at the Oklahoma Corporation Commission. Summit challenged a Commission Administrative Law Judge’s recommendation as well as opposition from the Commission’s Public Utility Division to allow the firm to proceed without competitive bidding to …
A measure dedicating $50 million toward modifications and upgrades along the Arkansas River passed the Oklahoma House of Representatives Tuesday. House Bill 2890 appropriates $50 million from the Progressing Rural Economic Prosperity (PREP) Fund to the Oklahoma Department of Environmental Quality (DEQ). The monies would be used for upgrades to the levees along the Arkansas …
Meteorologists are forecasting a particularly intense Atlantic hurricane season this year; they expect 20–25 named storms with a possibility of 30 or more, according to reports from AccuWeather in April. Colorado State University similarly forecasts an estimated 23 named storms this year. The potential for a stronger hurricane season suggests heightened risk for weather-related production outages in the …
Oil and gas operators in Colorado are coming under more scrutiny, thanks to what is described as a first-in-the-nation methane intensity rule. It means air regulators will begin patrolling the oil patches and the skies over them to look for how much methane is coming from the wells, tanks and pipelines. Under the …
The growing national natural gas pipeline system of Energy Transfer just became larger as the Dallas company reached a $3.25 billion deal to aquire the processing network of WTG Midstream, LLC in the Permian Basin. The deal came just three years after the company did the same kind of expansion in the acquisition of …
Changes over dividend payments are being made at Mach Natural Resources LP. A recent filing with the Securities and Exchange Commission show the Oklahoma City energy company took steps to make the dividend or quarterly cash distributions to unitholders from 60 days after the end of each quarter to 90 days. As the filing …
