This week’s Supreme Court decision regarding the efforts of three GOP legislators to stop Corporation Commissioner Todd Hiett might not have been what they wanted. But their hopes of doing something about his votes on utility rate cases could remain alive and rest in the hands of the Oklahoma Ethics Commission. For it …
December 10, 2024 archive
Slight gain in crude oil prices
Tuesday brought another increase in crude oil prices, largely because of expectations for increased demand in China and a possible squeeze on supplies in Europe as winter approaches. Traders were optimistic following reports that China might adopt a loose monetary policy in the coming year. Plus, there was the fact that China’s crude oil …
Millions more from Biden administration for critical materials
From Texas to North Dakota, Iowa, Minnesota and seven other states, but not Oklahoma, they will receive another energy handout worth millions of dollars from the outgoing Biden administration. The Department of Energy announced announced an investment of $17 million across 14 projects that will accelerate critical materials innovation while promoting safe, sustainable, economic, …
Workers comp insurance loss costs to plunge in 2025
Energy workers across Oklahoma will want to know that a major change is coming in 2025 in workers compensation insurance costs. Word of the 9.2% decease in workers’ compensation insurance loss costs was announced Tuesday by Insurance Commissioner Glen Mulready. This reduction means lower premiums for many Oklahoma businesses. Loss costs are the average cost …
Trump promises faster permitting for energy investors and others
Improved permitting—it’s what President-elect Donald Trump is promising not only the oil and gas industry but other energy developers and those willing to invest in the U.S. Axios reported Trump’s latest promise of faster permitting is extended to any investing $1 billion in the U.S. And it’s not limited to energy investors. Click here …
Natural gas costs expected to be higher this winter
Just as temperatures dipped and the brisk winds brought a chill to Oklahoma this week, the government predicted natural gas prices are likely to be about 40% higher for the rest of the winter heating season. The U.S. Energy Information Administration expects the average price of natural gas for the remainder of the winter …
ConocoPhillips announced upsizing and early results of cash tender offers for debt securities
ConocoPhillips announced the early results of the previously announced cash tender offers of its wholly-owned subsidiary, ConocoPhillips Company. In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount from $4,000,000,000 to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 in …
Nation’s natural gas production led by 5 states
Five states produced more than 70% of the record 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production in 2023. Oklahoma was not one of them. Texas accounted for 28% of U.S. marketed natural gas production in 2023, according to The U.S. Energy Information Administration’s Natural Gas Monthly, followed by …
PSO partners with Cherokee Nation in light bulb giveaway program
Public Service Company of Oklahoma (PSO) is partnering with the Cherokee Nation to help provide thousands of free lightbulbs to families in need. The partnership represents an extension of PSO’s Shine A Light program, which works with dozens of area food pantries to distribute lightbulbs to struggling families across the state. “PSO is …
Energy briefs
** Kentucky U.S. Rep. Brett Guthrie, a longtime defender of the state’s coal industry, is selected to chair the House Energy and Commerce Committee, beating out Ohio Rep. Bob Latta. ** The Biden administration schedules an oil and gas lease sale for the Arctic National Wildlife Refuge offering 400,000 acres — the minimum allowed by a 2017 …