June 2, 2024 archive

ROFR and PBR opposed by Corporation Commission’s Public Utilities Division

    For the record, Oklahoma’s ROFR or Right of First Refusal Bill, died in the just-concluded legislative session. At the same time, Oklahoma Corporation Commissioners were urged by their Public Utilities Division not to adopt ROFR or another controversial rate-making proposal called PBR or Performance Based Ratemaking. Commissioners were recently given a 37-page recommendation …

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Latest US rig count is unchanged while numbers declined in Oklahoma

  The latest rig report from Baker Hughes showed no change in the nation’s oil and gas rig count but a decline in Oklahoma. The report released on Friday indicated the nationwide count remained at 600 rigs after a decline of one oil rig leaving 496 in the patch and a gain of one gas …

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Devon Energy hungry for expansion?

    Reports suggest Oklahoma City’s Devon Energy has been on the prowl in the past several months for expansion of its oil and gas holdings. The company, reported The Motley Fool, recently was interested in acquiring Marathon Oil, firm that was grabbed last week by ConocoPhillips. Devon even held talks with Marathon officials to …

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Oklahoma Transportation Commissioners to meet Monday

  The Oklahoma Transportation Commission’s mon­thly meeting is scheduled for 11 a.m. Monday, June 3, in the R.A. Ward Transportation Building, 200 N.E. 21st St., Oklahoma City. Items to be addressed at the meeting: Oklahoma Transportation Commissioners will be presented with and vote on whether to approve the department’s Fiscal Year 2025 Budget Work Program. Oklahoma Department of Transportation …

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Former Corporation Commissioner writes of need for electrical grid improvements

  Stating that “Reliable access to electricity is crucial for modern farming operations,” former Oklahoma Corporation Commissioner Denise Bode is advocating a major upgrade for the country’s electric grid. Writing in the Sunday Oklahoman, Bode noted how the “aging infrastructure is struggling to meeting our modern electricity needs.”  She said as a former chair of the …

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