November 19, 2024 archive

Is “drill baby drill” what oil and gas industry wants?

  President Trump’s encouragement of his “drill baby drill” promotion for U.S. oil and gas production might not be welcomed totally with open arms by the industry. It’s not that the industry doesn’t welcome the support, especially after more than 3 years of being attacked by the Biden administration, it’s just that the idea of …

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ONEOK gives $100,000 in North Dakota wildfire relief

    The ONEOK Foundation donated $100,000 to the North Dakota Stockmen’s Association (NDSA) and the North Dakota Stockmen’s Foundation Out of the Ashes Wildfire Disaster Relief Program. The relief fund, established to provide vital assistance and offset losses for impacted cattle producers following the historic North Dakota wildfires, has now reached $723,114.56 with the …

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Ukraine’s long range missile attacks on Russia sent crude oil prices upward

  Crude oil prices rose higher Tuesday after Ukraine used long-range missiles to attack Russia but observers say the gains were limited by Norway’s partial restart of one of its oilfields. Still, the attack deep into Russia left investors wary and they are carefully assessing the direction of the war. Helping shore up an increase …

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OGE offers tips to avoid utility scams

  In recognition of Utility Scam Awareness Day on November 20, OG&E is joining electric and gas companies from across the nation in educating customers about common utility scams and ways to avoid them. Check out these valuable tips and reminders on how to stay safe amidst rising scams: Tips to Avoid Scams Protect Your …

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ONEOK sells interstate pipeline operations in $1.2 billion deal

  ONEOK, Inc. announced that it has executed a definitive agreement with DT Midstream, Inc. under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion subject to customary adjustments. Based on Federal Energy Regulatory Commission (FERC) filings, the purchase price represents 10.8 times …

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Mitchell Talks Energy with Jerry Bohnen—a Supreme Court regulatory fight

  In this episode of Mitchell talks Energy with Jerry Bohnen, we discuss the showdown between superstar attorneys Stephen Jones and Joe White before the state supreme court regarding the legislators versus Corporation Commissioner Todd Hiatt case.

Arkansas warned to build more renewable energy resources

    Experts are telling legislators in Arkansas the state needs to speed up work on building renewable energy resources if the state’s coal plants go offline as scheduled by the end of the decade. Arkansas currently has no operational wind projects and this week, a legislative committee heard the state needs to replace some …

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SPP confident of enough electrical power this winter

  Southwest Power Pool, responsible for coordinating electric reliability in a 14-state area in the central United States, expects to have enough generation to meet energy demand this winter. SPP conducts an assessment each year to identify and mitigate threats to energy reliability during the winter season lasting from December to March. The analysis considers …

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Drummond takes on the SEC over cryptocurrency regulations

  Oklahoma Attorney General Gentner Drummond is challenging the Biden Administration’s sweeping regulations of cryptocurrency with a lawsuit against the U.S. Securities and Exchange Commission (SEC) calling the overreach “unlawful.” Drummond and a coalition of 17 other state attorneys general filed the litigation last week in the U.S. District Court for the Eastern District of …

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Enel’s $1 billion Oklahoma solar plant deal up in the air?

More than a year after announcing plans to invest $1 billion in a solar panel project in Oklahoma, Italy’s Enel is now showing signs of being cautious about the plan. It’s what Enel’s CEO Flavio Cattaneo stated this week in a presentation of his company’s three-year strategy to 2027. He explained the company intends to …

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