As crude oil prices gained about 2% on Monday with the summer driving season here and increased hopes for more gasoline demand, Oklahoma energy stocks finished mixed for the day. Oil prices also rose possibly because nagging worries that the unrest in the Middle East will spread and result in a drop in global oil …
July 1, 2024 archive
Texas regulators want lawsuit challenging tiny lizard’s endangered status
The tiny sagebrush lizard we’ve been telling you about and how it’s affected oil and gas operators in the Permian Basin of West Texas and New Mexico is at the center of the latest fight with the federal government. Now the Texas Railroad Commission, akin to the Oklahoma Corporation Commission, has voted to …
Energy firms dispute AG’s market manipulation lawsuits
The companies sued by Oklahoma Attorney General Gentner Drummond and accused of market manipulation during the 2021 Winter storm that gripped Oklahoma contend the lawsuits should be thrown out of Osage County District Court where they were filed. Drummond filed the suits in Osage County in April contending the alleged misdeeds by Symmetry and …
With the increased heat in June came increased electricity demand
The heat wave did one predictable thing last month in Oklahoma and other parts of the country….as people cranked down or up their air conditioners, depending on how you want to describe adjusting the thermostat, they also cranked up the demand for electricity. The U.S.Energy Information Administration reports that electricity demand in …
Another look by regulators at Oklahoma towing rates
The Oklahoma Corporation Commission isn’t finished with the issue of increased towing rates that took effect June 1. The three commissioners, who recently voted to increase the rates, will review some related issues in their meeting on Tuesday. As the agenda showed for the 1:30 p.m. meeting, the commmissioners plan to examine and evaluate …
OKC’s annual water quality report shows no problems
The Oklahoma City Utilities Department has published its annual Drinking Water Quality Report, also known as the Consumer Confidence Report (CCR), for 2023. This report includes important information about the quality and safety of Oklahoma City’s drinking water. The report shows that the City’s drinking water meets or exceeds all federal and state standards. The …
List of interim studies announced by Senate leader
At least 7 of the 39 interim study requests approved recently by Oklahoma Senate Pro Tem Greg Treat involve energy related matters. One of the issues is a proposed exploration of “unbundling of electric generation from transmission.” It raised the question, “Does it make sense for Oklahoma?” Tulsa State Sen. Dana Prieto requested the …
Denver’s new natural gas restrictions might be challenged by propane group
The National Propane Gas Association is reported to be possibly joining a legal challenge to new regulations to restrict natural gas appliances in commercial and multifamily buildings in Denver, Colorado. Colorado Public Radio reports it is in resonse to new building codes implemented several months ago by the city of Denver as it …
Record-Breaking Travel Volumes Expected July 4th Weekend as More Than 600,000 Oklahomans Plan to Travel
The July 4th holiday weekend traffic is already on the upswing as more than 600,000 Oklahomans are expected to make at least a short drive of 50 miles or more over the coming weekend. They will be among 71 million Americans going somewhere this week for the Independent Day celebration or taking advantage of …
Chesapeake and Continental Resources under probe by Democrats on US Senate committee
Oklahoma City’s Continental Resources and Chesapeake Energy companies are among 18 oil and gas companies under investigation by Democrats on the US Senate Budget Committee. The list of 18 domestic oil producers was released last week as the committee launched an investigation into what it called “suspected collusion” among the producers. While the …
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