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 …
December 2024 archive
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 …
Ouster of Syrian regime sent crude oil prices climbing on Monday
There’s nothing like the fall of a dictator of a Middle East oil country to make crude oil prices increase. They rose more than 1% at the start of this week’s trading. Such was the case Monday, a day after Syrian President Bashar al-Assad fled the country to the safe confines of Russia while rebels …
Supreme Court kicks can down the road in Todd Hiett case
Oklahoma’s Supreme Court ruled Monday that the three legislators who sought to prohibit Corporation Commissioner Todd Hiett from voting on three major rate cases because of accuations against him of drinking and sexual abuse, do not have proper standing to get a writ of prohibition. As some have described the decision, in essence …
Energy sector sees employment rebound
The Energy Workforce & Technology Council’s monthly jobs report released this week highlighted a rebound in employment across the U.S. energy services sector. Total jobs in the sector reported at 655,630 in November 2024, reflecting an increase of 1,890 positions from October, according to preliminary data from the Bureau of Labor Statistics (BLS) and …