January 6, 2025 archive

Power grid covering Oklahoma issues weather advisory

    The cold weather gripping Oklahoma and much of the Midwest prompted the Southwest Power Pool to issue a “Resource Advisory.” It’s not one that will require utilities in Oklahoma and the 13 other states in the SPP to conserve energy. But it’s in effect from Monday until Wednesday noon. As for the storm, …

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Stop the Green rally to put pressure on Governor Stitt

  For opponents of a wind farm in Lincoln County to the now-cancelled federal Transmission Corridor to the on-going Cimarron Link transmission line project, they remain unsure whether Oklahoma Gov. Kevin Stitt is on their side. It’s why they plan to hold on Tuesday their “Stop the Green” rally at the state capitol with speakers …

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ONEOK announces two new executive leadership appointments

  Randy N. Lentz, chief executive officer and founder of Medallion Midstream, is assuming the newly created position of executive vice president and chief operating officer. In this role, Lentz is responsible for all of ONEOK’s asset operations. Sheridan C. Swords, previously executive vice president, commercial liquids and natural gas gathering and processing, is assuming …

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Crude oil prices dropped in Monday’s trading

  Monday’s trading saw a slight ease in oil prices largely because of what analysts called “bearish economic news” from the U.S. and Germany. Plus, there was the impact of forecasts for increased heating demand for energy during this week’s huge winter storm gripping much of the U.S. West Texas Intermediate, the U.S. benchmark, dropped …

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Regulators to consider changes in oil and gas rules and regulations

  Oklahoma regulators will meet Tuesday to consider some rulemaking changes. Corporation Commission chairwoman Kim David included some changes regarding when the commission might take it upon itself to dismiss a case. CHAIRMAN KIM DAVID’S PROPOSED RULES AMENDING CHAPTER 5 (As of January 6, 2025) TITLE 165. CORPORATION COMMISSION CHAPTER 5. RULES OF PRACTICE SUBCHAPTER …

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Coterra first to use “push button” hydraulic fracturing technology designed by Halliburton Energy

  From Coterra Energy Inc. a first with Halliburton Energy Services over the launching of autonomous hydraulic fracturing technology in North America. It’s the first use of the  Octiv® Auto Frac service, which is part of the ZEUS platform and is technology that automates stage delivery execution with the push of a button. Coterra is the first …

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Gross Production Tax revenue took a “hit” in 2024

  Oklahoma Treasurer Todd Russ reports a less than 1% decline in gross revenue over the past 12 months including a more than 22% drop in gross production 2024 tax revenue compared to 2023. Receipts for the last 12 months through December total $16.87B, a decrease of $79.89M, or 0.5%, when comparing revenue from the previous year. However, …

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Oklahoma’s Cana Woodford only play to see gain in rig count

  Only one of the nation’s oil and gas plays saw a change in the number of its active rigs, according to the most recent rig report from Baker Hughes Co. The Cana Woodford, located in Oklahoma, added one rig to reach a total of 21. The remainder of the leading oil and gas plays …

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Texas Supreme Court to consider fault of utilities in 2021 winter storm

  While the 2025 winter storm greets us with cold weather and snow, it brings back a reminder of the 2021 winter storm Uri that resulted in large power outages. Hundreds died in Texas and now the Texas Supreme Court agreed to decide whether those deaths can be blamed on utility distributors. NBC DFW reports …

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GOP Attorneys General fight “radical energy standards” in Housing Act

  Oklahoma Attorney General Gentner Drummond was not among them, but 15 Republican attorneys general have gone to federal court in a lawsuit to fight the federal government’s “radical energy efficiency standards” that they say make affordable housing more expensive. Representing Alabama, Arkansas, Idaho, Indiana, Iowa, Kansas, Louisiana, Missouri, Montana, Nebraska, South Carolina, Tennessee, Texas, …

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