Crude stock gains were recorded across the U.S. and at Oklahoma’s Cushing Hub in the past week, according to the most government figures released this week. The U.S. Energy Information Administration recorded a 4.1 million barrel gain for the U.S. from 423.8 million barrels the week of Jan. 31 to 427.9 million barrels as …
February 2025 archive
Gulfport’s 4Q earnings report coming in late February
After a third quarter in which it reported a $14 million net loss, Oklahoma City’s Gulfport Energy Corporation prepares to release fourth quarter results later in the month. The release of the quarterly and full year 2024 financial and operating results will be made after the close of markets on Tuesday, Feb. 25. A …
Broadband budget to fall under eyes of legislative committee
A state House Committee will meet Thursday to carry out an agency performance review of the Oklahoma Broadband Office. The Review will be by members of the House Appropriations and Budget Finance Subcommittee during its 1:30 p.m. meeting. When: Thursday, February 13, 2025 01:30 PM Where: Room 450 Agenda: 1. Welcome and Introductions 2. HB1248 – Revenue …
Energy briefs
** The Trump administration says Japan is interested in purchasing fuel from the proposed Alaska liquefied natural gas pipeline and export terminal project, if it is built. ** Exxon Mobil projects its new acquisitions in the Permian Basin will enable it to increase oil and gas production up to 50% by 2030. ** A California petroleum refinery continues to investigate …
New appointment at OERB
A new addition to the 21-member Oklahoma Energy Resources Board of directors was named this week. Chuck Walton, with EOG Resources, is a Division Land Manager and has more than 20 years of experience as a Landman. He joined EOG Resources in 2007 and started his career as an Independent Landman before he was …
Growing legislative bills could lead to expansion of Corporation Commission
Oklahoma Corporation Commissioners were told this week if the number of legislative bills dealing with eminent domain, land and other issues directly related to the agency become law, there might be a need to create a new division within the agency. Administrator Brandy Wreath made the suggestion Tuesday in response to a briefing by …
Transmission line eminent domain fight leaves Supreme Court with no decision to make
The Oklahoma Supreme Court decided this week on another eminent domain case involving landowners and a major transmission line. The ruling concerned the eminent domain used by Transource as it attempted to develop the Sooner-Wekiwa Project, a new overhead electric transmission line 76 miles in length from OGE’s Sooner Substation in Noble County to …
Kansas AG drops lawsuit against Macquarie over 2021 winter storm allegations
Kansas Attorney General Kris Kobach just sent a shockwave through those hoping to recover millions, or in the case of Oklahoma Attorney General Drew Gentner’s promise of ‘billions’ of dollars, from natural gas overcharges in the 2021 winter storm Uri. Kobach announced this week he had dismissed the lawsuit against Macquarie Energy, the firm …
Oklahoma mayors not among those pleading Congress to save energy tax credits
More than 130 mayors and local leaders representing 39 states are begging Congress to protect clean energy tax credits that they believe created hundreds of thousands of new jobs and billions in investments. None were from Oklahoma. The letter to Congressional leaders from the mayors, many who belong to a group called Climate Mayors, …
FERC approves more power plants for nation’s largest electric grid
The Southwest Power Pool, of which Oklahoma is a member, is one of several major electric grids across the U.S. and now the nation’s largest grid wins approval for new power-plant projects to handle the stunning growth of data centers. PJM Interconnection LLC manages a 13-state network including from the East Coast to Chicago …