According to a report in The Oklahoman, two employees of the Oklahoma Corporation Commission have come forward with new allegations against Commissioner Todd Hiett. The Commissioner not only is accused of a drunken groping of a man at a hotel bar during a convention in Minneapolis, Minnesota, but calls to resign, something he refuses …
August 7, 2024 archive
Continuing drop in crude stocks sent oil prices up on Wednesday
While crude oil prices managed a 2% bounceback on Wednesday, Oklahoma energy stocks were split. The gain in crude prices came as news spread of a bigger-than-expected draw down in US crude stockpiles. It was the sixth week of a drop in stocks. In the U.S., West Texas Intermediate crude went up $2.03 or 2.77% …
Hiett’s not leaving corporation commission but hands over chairmanship
Besieged with allegations of drunkenness and groping of a man, Oklahoma Corporation Commission Chairman Todd Hiett didn’t resign from the position on Wednesday, but he turned his chairmanship over to fellow commissioner Kim David. He did so as the commission moved to begin a formal investigation into the June incident at a national convention …
Air alert issued again for southern Oklahoma
The Oklahoma Department of Environmental Qualityis issuing an ozone alert for the Oklahoma City and Lawton metropolitan areas for Thursday, August 8, 2024. This alert will initiate the issuance of an “Ozone Alert Day” for the Oklahoma City area by the Association of Central Oklahoma Governments, and an “Air Quality Action Day” for the Lawton area by the Lawton Metropolitan Planning Organization. …
US crude stocks make another big drop
The U.S. saw another significant drop in the amount of crude oil stocks in the past week while Cushing recorded a slight gain. Both have seen dramatic declines in stocks since early July. The U.S .Energy Information Administration reported Wednesday the U.S. stocks fell 3.7 million barrels from 433 million barrels as of July …
Colorado Attorney General might join oil train legal fight
Colorado’s attorney general is giving thought to getting into the court fight over a train that would carry oil from Utah and across Colorado and eventually to the Cushing hub in Oklahoma and southward. The Uinta Basin Railway project has gone before the U.S. Supreme Court after a federal appeals court ruled against it. …
SPP proposes 300 mile transmission line to strengthen Permian Basin service
(SPP’s Casey Cathey explains potential high-voltage solutions in the Permian Basin. | © RTO Insider LLC) Details are slowly coming out about the Southwest Power Pool plans to build 300 miles of extra-high-voltage transmission lines in the Permian Basin to help its grid handle expected “extreme” load growth. Oklahoma is a member of the SPP …
Gulfport plans more Marcellus acquisitions and exploration
Despite a more than $26 million net loss in the second quarter of 2024 and strong challenges from fluctuating natural gas prices, Gulfport Energy Corporation says it plans to engage in more acquisitions in the Marcellus and move ahead with strong exploration plans. The Oklahoma City company reported $54 million in adjusted net income …
ODOT Commissioners begin Texoma bridge replacement effort
Oklahoma Transportation Commissioners took the initial step toward replacement of the historic US-70 Roosevelt Bridge that crosses over Lake Texoma between Kingston and Durant in southeastern Oklahoma. During a meeting on Monday, the Transportation Commission was briefed by Transportation Executive Director Tim Gatz about a $124 million Large Bridge grant awarded to ODOT through …
Rep. Lucas wants better weather forecasting
In a move to improve the nation’s weather forecasting accuracy, Oklahoma Congressman Frank Lucas and Ohio Rep. Max Miller introduced the Weather Data Taxpayer Protection Act. Lucas did so in his capacity as chairman of the House Science, Space and Technology Committee. He and Miller described H.R. 9219 as critical step in improving the …
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