What’s the topic of the latest Mitchell Talks Energy with Jerry Bohnen? How about the lawsuit filed against the State Treasurer where he and his Chief of Staff are accused of withholding information in an Open Records request? The request focused on information sought concerning the Oklahoma Energy Discrimination Elimination Act.
October 23, 2024 archive
Crude oil finished down on Wednesday following surprise gain in US inventories
After two consecutive day of price gains, crude oil dropped Wednesday, largely due to an increase in U.S. crude inventories. The increase was more than expected as refining activity rebounded, according to Reuters. West Texas Intermediate crude fell 97 cents or 1.35% to $70.77 a barrel on the New York Mercantile Exchange. Brent crude finished …
U.S. crude oil stocks made big gain in past week while Cushing Hub totals dropped
The nation’s crude oil stocks recorded a gain of more than 5 million barrels of oil in the past week, according to an announcement by the U.S. Energy Information Administration. The total storage soared from 420.5 million barrels recorded on Oct. 11 to 426 million barrels as of Oct. 18, a gain of 5.5 …
Legislature to hold interim study on Oklahoma’s Kiamichi River
The Kiamichi River in Southeast Oklahoma is drawing more attention in the legislature—especially in light of the hydroelectric power project proposed by a Texas firm. Reps. Eddy Dempsey, R-Valliant, and Justin Humphrey, R-Lane, will hold an interim study next week on the Kiamichi River in Southeast Oklahoma before the House and Natural Resources Committee. Humphrey …
Increased 3Q revenues reported for NextEra Energy
When NextEra Energy’s president said the third quarter revenues were strong, he wasn’t kidding. With Oklahoma wind farm operations adding to its revenue, NextEra Energy, Inc. reported third quarter net income of $1,852 billion or 90 cents a share….up from the $1.219 billion and 60 cents a share reported in the third quarter of …
Shortage of court reporters hits Oklahoma Corporation Commission
A shortage of court reporters prompted the Oklahoma Corporation Commission to announce a change in some of its court hearings. The Commission announced recently that because of the “ongoing nationwide court reporter shortage” it would use courtroom technology assistance in lieu of a court reporter for some of the “uncontested” hearings held in Oklahoma …
Osage Nation inks deal with feds to find undocumented abandoned wells
The Osage Nation in Oklahoma was one of two Indian tribes that joined the Department of Energy this week in a program aimed at locating undocumented abandoned oil and natural gas wells. The Osage and Navajo Nations signed memorandums of understanding with the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management, …
Wyoming joins Oklahoma in disappointment over Supreme Court EPA decision
Wyoming, one of the states that joined Oklahoma in challenging the power plant rules of the U.S. Environmental Protection Agency, isn’t happy as well about a Supreme Court decision last week against the request for an emergency stay of the rules. In all, 24 states asked for the stay and because of the Supreme …
Arkansas regulators shut down AG’s attempt to renegotiate settlement of Summit Utilities’ big rate hike request
A report by Arkansas Business indicated the Arkansas Public Service Commission ruled this week against Attorney General Tim Griffin in a controversial rate hike proposed by Summit Utilities. At the same time, Summit’s fuel costs in Oklahoma are before state regulators. The Commission determined that Griffin could not renegotiate a settlement agreement he had …
Gulfport to release 3Q earnings report in early November
Will Gulfport Energy Corporation make a turn-around in its coming quarterly financial report? It’s the question raised as the Oklahoma City energy firm plans to release its third quarter earnings report following the close of markets on Tuesday, Nov. 5. Company leaders will follow the release with a teleconference and webcast to discuss the …
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