July 2024 archive

Attorney accuses AG of “manufacturing” statements in ESG lawsuit

    Oklahoma Attorney General Gentner Drummond’s takeover of defending the state Treasurer in a lawsuit challenging the constitutionality of the state’s anti-ESG law has led to some pointed claims by the Democratic lawyer who filed the suit in the first place. In a filing last week, attorney Colin Walke responded to the attorney general’s …

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Kansas City Federal Bank oil and gas survey finds continued decline in energy and concern of more government regulation

    A continued decline in energy was found in a Federal Reserve Bank of Kansas City survey in Oklahoma and other states that make up the Tenth District. At the same time, Chad Wilkerson, senior vice president at the bank said the same survey indicated a rebound in energy activity is expected in the …

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Texas Governor wants investigation of Houston’s power loss

    While OG&E crews are helping CenterPoint Energy struggle with restoring electrical power to hurricane-stricken Houston, the governor of Texas wants an investigation into the loss of power to more than 2 million people. Gov. Greg Abbott wants to know why the residents have to wait so long, according to a report by the …

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OGE crews take on critical tasks in restoring power to hurricane damaged Houston

  Just a few days after a team of 105 OG&E line workers and support personnel deployed to south Texas, crews have been restoring power as quickly and safely as possible to areas affected by Hurricane Beryl.  Since arriving, OG&E crews have been working 16-hour days assisting CenterPoint Energy in the Houston area with storm …

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No growth reflected in latest U.S. oil and gas rig numbers

    While a recent report showed a gain in oilfield employment in June across the nation, the rig activity in the U.S. isn’t reflecting the same kind of growth. The latest rig numbers released on Friday by Baker Hughes showed Oklahoma was unchanged from a week ago while the U.S. count declined by one …

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Lankford presses administration over critical minerals needs

  Oklahoma U.S. Sen. James Lankford wonders why the Biden administration isn’t doing more to open up the nation’s critical minerals exploration and processing. He pressed an administration official at a recent Homeland Security and Governmental Affairs Committee hearing. The hearing,  “Oversight of the Permitting Council: Improving Transparency and Coordination,” was held to sound the alarm …

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EIA expects rising electricity demand and natural gas prices to affect electricity fuel mix for the rest of 2024

  The U.S. Energy Information Administration (EIA) expects that the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and natural gas prices increase. In its July Short-Term Energy Outlook (STEO), EIA forecasts that natural gas prices will be about 36% higher in the second half …

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H.E. Bailey Turnpike repairs to continue for next few months

A nearly $9 million construction contract means motorists traveling the H.E. Bailey turnpike at Chickasha will deal with road changes for the next few months. The state Turnpike Authority announced that beginning Monday, July 15, westbound and eastbound of the turnpike will be narrowed to one lane in each direction through the fall for shoulder …

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ONE Gas SEC filing reveals payment details of 2 new directors

  ONE Gas revealed ina filing with the Securities and Exchange Commission that two new members to the Board of Directors will be paid an annual retainer of $95,000. It was earlier in July when ONE Gas announced the expansion of its board to nine members with the naming of Sanjay D. Meshri and Yves …

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Ovintiv to release 2Q earnings report at end of the month

    The financial and operating results for the second quarter of operations by Ovintiv Inc. will be released on the next to the last day of the month. The Denver-based oil and gas company with drilling and exploration efforts in Oklahoma plans a release after the close of markets on Tuesday, July 30. Company …

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