With much colder weather and possible winter storms in the forecast this weekend, OG&E is offering customers tips to stay safe and warm. “When extreme cold and winter weather hit, we want our customers to have a safety plan in place,” said OG&E Manager of Corporate Communications Aaron Cooper. “Ahead of the colder temperatures, …
January 2, 2025 archive
Crude oil prices gained 2% on Thursday
A pledge by China’s President Xi Jinping to promote growth sent crude oil prices up by 2% or more than $1 a barrel on Thursday. Oklahoma energy stocks started the new year in positive territory. It was the first day for investors in 2025 and they reacted to the pledge with optimism. Reuters reported …
Crude stocks slip at Cushing and the US
The nation’s crude oil stocks fell again in the most reporting period and the Cushing Hub in northern Oklahoma was part of it. The U.S. Energy Information Administration reported the nation’s crude stocks as of the week of Dec. 27, 2024 totaled 415.6 million barrels, a decline of 1.2 million barrels from the previous …
Southwest Power Pool issues weather advisory as winter storm approaches
The arrival of what some weather advisors call Winter Storm Blair and the threat of snow and ice from the central part of the U.S. to the East prompted the Southwest Power Pool to issue a Weather Advisory on Thursday. The advisory’s time period will cover the anticipated length of the winter storm into …
Oklahoma’s crude oil production increased in October
Oil production in Oklahoma increased from September to October of 2024, according to a monthly report from the U.S. Energy Information Administration, but the total was nearly 6% below a year ago. The EIA released its monthly report this week and it showed Oklahoma’s crude oil production for October 2024 was 393,000 barrels a …
LNG exports had slowest growth since 2015
A new report suggests the Biden administration’s freeze on new LNG projects and sanctions against Russia kept global liquefied natural gas exports seeing their slowest growth since 2015. It also means prices will be elevate until new supplies come online. The LNG market has been finely balanced since the 2022 invasion of Ukraine cut …
Ranchers vs. Big Oil in Wyoming water fight
A water fight is underway in Wyoming and it’s a case of ranchers taking on Big Oil. In this case, the ranchers have appealed a decision giving extensive water rights of the North Platte River to the HF Sinclair refinery. Click here for Cowboy State Daily
Bill is filed in legislature to end grandfathered tax subsidies for wind farms
Sen. Jonathan Wingard, R-Ada, filed legislation this week to end state tax subsidies for wind farms. The state significantly scaled back the zero-emission tax credit when former Gov. Mary Fallin signed legislation eliminating the tax breaks for wind facilities that became operational after July 1, 2017. Some wind farms, however, have been grandfathered in …
Oklahoma Turnpike tolls officially went up this week
Drivers on Oklahoma’s turnpikes started paying more on New Year’s Day and in some cases, it’s a 20% hike for users. According to the Turnpike Authority, the typical turnpike user and PIKEPASS customer is paying about 1-cent more per mile, amounting to a statewide average of 7 cents per mile to use the system. …
Appeals Court sides with Noble Energy in Colorado royalties fight
The Tenth U.S. District Court of Appeals recently ruled Chevron Corp. subsidiary Noble Energy Inc. didn’t have to pay millions of dollars in additional royalties in a fight with Phelps Oil and Gas LLC of Colorado. Phelps had filed a class action lawsuit against Noble, alleging underpayment of royalties. Noble produces natural gas from …
