August 15, 2024 archive

Crude oil recorded gains and so did OK energy stocks

Crude oil prices rebounded from some of their losses this week with a more than $1 a barrel gain and at the same time, Oklahoma energy stocks did the same. Crude prices rose after the release of U.S. economic data that might have eased concerns of a recession. West Texas Intermediate crude in the U.S. …

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County commissioners adopt rules that kill a solar farm near Wichita

The approval by county commissioners of new rules restricting solar farms around the city of Wichita, Kansas just killed a planned Invenergy solar farm. Sedgwick County Commissioners voted this week in support of new rules to include prohibiting solar farms  in “urban growth areas,” a move that killed a 103 MW project first proposed in 2019. …

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Colorado kicks oil and gas operator out of the state

  Prospect Energy LLC just got the boot from the state of Colorado. Facing $1.7 million in fines for dozens of violations, the oil and gas company lost  its right to operate in the state and was ordered by the Energy and Carbon Management Commission to clean up its facilities. The fines stemmed from dozens of …

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Sen. Mullin and House Speaker McCall to hold joint appearances next week

    US Sen. Markwayne Mullin and Oklahoma House Speaker Charles McCall apparently thought their joint appearances earlier this year were so successful, they’re going to do it again. Next week, the two will continue their State and Federal Partnership Series: ‘Serving Oklahoma 101’ with joint events and gatherings in Atoka and Durant. These panel-style …

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GOP legislator says if Commissioner Hiett doesn’t resign, he’ll take legislative action

  Democrats in the Oklahoma legislature aren’t the only ones calling for the removal of Corporation Commissioner Todd Hiett after allegations of drunkenness and sexual assault were revealed against him. Republican Rep. Justin Humphrey of Lane came out Thursday with a call for Hiett to resign and said if Hiett doesn’t do it, he will …

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OGE parent company completes bond sales

  Oklahoma Gas and Electric Energy Corp. reported this week the completion of the sale of $350 million in senior notes. The company reported the issuance involved 5.60% notes due April 1, 2053. Other previous sales of the same 5.60% notes brought the total sales to $700 million, according to the company announcement and filing …

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Anthony wants a real probe of Hiett incidents…not a “sham” investigation

  Oklahoma Corporation Commissioner Bob Anthony is asking the Oklahoma City law firm hired to investigate Commissioner Todd Hiett to be “thorough, independent and transparent” with the probe into allegations of drunkenness and groping of a man at a hotel bar. Commissioner Anthony, who has called several times for Hiett to resign over his alcoholism …

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Could Commissioner Hiett step aside from office for alcoholic treatment?

  While Oklahoma Corporation Commissioner Todd Hiett faces calls to resign over the allegations he drunkenly groped a man, Hiett contends he is undergoing treatment for his alcoholism. It’s what he first maintained in late July when the story came to light involving his alleged groping of a man at a hotel bar in Minneapolis, …

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Williston Basin investment paying off for Empire Petroleum

  Starbuck is giving a shot in the arm to Tulsa’s Empire Petroleum company. Not the Starbucks drive-in coffee place but the Starbuck oil play in North Dakota. Empire indicated in its second quarter financial report that it saw big increases and gains in oil production from the play. Big increases indeed. Empire stated the …

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Half of the US LNG comes from Cheniere Energy

  A new report by Cheniere Energy, Inc. claims the company now produces 50% of U.S. liquid natural gas and at the same time is a leading supplier to Europe. The claim is part of Cheniere’s 2023 Corporate Responsibility Report titled  “Energy Secured, Benefits Delivered.” Cheniere has a heavy presence in Oklahoma where it obtains …

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