Buc-ee’s is coming! Maybe to Oklahoma. But don’t hold your breath thinking it will be next month. Plus, Scott Mitchell and Jerry Bohnen do a deep dive on what the Supreme Court’s Chevron ruling means—–and one more surprise—an actual apology from the State Corporation Commission for “misleading” ratepayers. It’s all on the latest Mitchell Talks …
June 2024 archive
Crude prices fell on the last trading day in June
Crude oil prices finished last week with a drop on Friday, thanks to weak U.S. fuel demand. However, some key inflation data for May reportedly boosted the chances of an interest rate cut to be made later this year by the Federal Reserve. West Texas Intermediate crude finished 20 cents lower or 0.24% at $81.54 …
ONE Gas increases credit deal to $1.2 billion
ONE Gas just upped its credit agreement from $1.2 billion to $1.275 billion. In a filing with the Securities and Exchange Commission, the company confirmed its lender joinder and commitment increase agreement. Bank of America N.A. was the administrative agent, swing line lender and letter of credit issuer. Other lenders were involved too, …
Oklahoma being considered by Buc-ee’s company
For some time we’ve been pointing out how the wildly popular Buc-ee’s stores have opened in many other states but not in Oklahoma. Now The Oklahoman reports one might be coming to the state—-‘might.’ But it will be a few more years based on the conversation the paper had with a Buc-ees representative. Click …
Oklahomans applaud Supreme Court decision
A decision Friday by the U.S. Supreme Court to upend a 40-year old decision making it easier for the federal government to regulate the environment, public health and other areas drew strong applause from Oklahoma groups and leaders. Among those happy about the ruling to overturn the 1984 decision known as Chevron was Petroleum Alliance …
Corporation Commission clarifies claims made about winter storm Securitization bonds—apologizes for misleading ratepayers
The Oklahoma Corporation Commission issued a clarification and apology for misleading ratepayers about a recent news release about the issuance costs of Winter Storm Uri Securitization Bonds. The release on May 29, according to the newest press statement had an intent of demonstrating for utility customers “that no cost overruns occurred with the …
Utilities reminded that utilities are not allowed electricity cutoffs during heat wave in Oklahoma
The Oklahoma Corporation Commission’s Public Utility Division is reminding ratepayers about its rule regarding electric service disconnects as the National Weather Service forecasts temperatures at or more than 100 degrees Fahrenheit during the next 10 days. In areas where morning or updated National Weather Service forecasts predict a heat index of 101 degrees Fahrenheit …
US and Oklahoma see more oil and gas rigs pulled out of the patch
Oklahoma and the U.S. experienced another drop in the active number of oil and gas rigs in the past week. The Baker Hughes Rig Report, released on Friday, showed the rig count in Oklahoma declined by one, leaving 34 active rigs drilling in the state. A year ago, there were 40 rigs. Across …
FERC okays largest LNG export terminal but completion is unknown because of Biden freeze
(AP Photo/Martha Irvine, File) (ASSOCIATED PRESS) Federal regulators have signed off on approving the largest LNG export terminal in the country. The Federal Energy Regulatory Commission sanctioned the Venture Global Calcasieu Pass 2 southwestern Louisiana project. But what remains up in the air is whether it will be completed because of the Biden administration …
Energy briefs
** BP has put all new offshore wind projects on pause as the oil company’s new chief executive seeks to focus more heavily on fossil fuels. Murray Auchincloss, who became permanent head of the business at the start of the year, has also frozen hiring in the offshore wind division. ** California lawmakers advance legislation that would …