December 16, 2024 archive

After Friday’s strong trading, crude oil dropped on Monday

    Monday produced another decline in crude oil prices, largely because of weakness in consumer spending in China, the largest oil importer in the world. Investors also paused buying as they await the interest rate decision by the U.S. Federal Reserve. The U.S. standard, West Texas Intermediate, fell 58 cents or 0.8% to settle …

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Some in Congress are angry about Monarch Butterflies being considered threatened species

  Those monarch butterflies that wing their way through Oklahoma every spring and fall are poised to be considered as a threatened species under the Endangered Species Act. But the act by the U.S. Fish and Wildlife Service angered some members of the Congressional Western Caucus. Caucus Chairman Dan Newhouse of Washington, Senate Western Caucus …

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Energy Department makes formal announcement to cancel Oklahoma transmission line project

  The U.S. Energy Department formally announced Monday its intentions not to move forward with the regional transmission line across northern Oklahoma that drew strong opposition not just from landowners who feared the use of eminent domain but by state leaders. However, one regional project was approved that will still reach across part of far …

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Kansas transmission corridor also cancelled by Energy Department

  The controversial transmission corridor across Oklahoma wasn’t the only such regional project cancelled by the U.S. Department of Energy. A similar one in Kansas, the Midwest-Plains and Plains-Southwest National Interest Electrc Transmission Corridors (NIETCK) in Kansas was also shelved, according to an announcement made Monday by Kansas U.S. Rep. Tracey Mann and U.S. Senators …

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Former GOP chairwoman named to board of directors at Alliance Resources

  A new member has been named to the Board of Directors of Alliance Resource Partners, L.P. in Tulsa and she’s a former national Republican party leader, one who was considered a big supporter of Donald Trump in his Presidential campaign. The company said Ronna R. McDaniel’s appointment was effective Dec. 11. She chaired the …

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Sustainability report released by Helmerich and Payne

  Tulsa’s Helmerich & Payne has released its 2024 Sustainability Report. The report outlines H&P’s sustainability efforts and performance for its fiscal year ended Sept. 30, 2024. “I am pleased to share H&P’s 2024 Sustainability Report, which highlights the progress we’ve made over the past year in advancing our sustainability efforts and delivering responsible energy …

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NGL hands out distributions

  A quarterly distribution was announced by NGL Energy Partners LP in Tulsa. The Board of Directors of its general partner declared the distribution for the quarter ending Dec. 31, 2024 to be paid to the holders of the Partnership’s 12.068% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units and the 11.977% Class C …

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Energy briefs

** The House Judiciary Committee said it’s found “substantial evidence of collusion and anticompetitive behavior” by the financial industry to “impose radical ESG-goals” on US companies. An interim report published by the Republican-led committee said “a cartel” of financial firms and climate activists sought to replace Exxon Mobil Corp. board members in 2021 after the …

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ONG echoes national reports of natural gas savings this winter

  Oklahoma Natural Gas is making sure its Oklahoma customers were aware of recent predictions that natural gas users across most of the U.S. should see lower bills this winter. In a Monday release, ONG cited a Department of Energy report that natural gas will save Oklahomans up to $700 in heating costs. In its …

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PSO offers $10,000 in help to Blackwell center

  The Blackwell Youth Center in Blackwell, Oklahoma is receiving a $10,000 American Electric Power Foundation grant to help the non-profit continue its mission of providing a safe haven for local children to grow and learn. The AEP Foundation made this grant at the recommendation of Public Service Company of Oklahoma (PSO), a Tulsa-based electric …

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