The more than 1.5 million miles of natural gas pipelines in Missouri were taken over by federal regulators last month and the reason is because state regulators weren’t assessing high-enough fines for violations. The Pipeline and Hazardous Materials Safety Administration had warned Missouri its fines were too low. However, the only way fines could …
February 2025 archive
Storm chasers bill wins Senate committee approval
Sen. Mark Mann, D-Oklahoma City, won unanimous, bipartisan support from the Senate Retirement and Government Resources Committee for legislation to help storm trackers travel Oklahoma roads and highways more safely during severe weather. Senate Bill 158 would allow storm trackers employed by FCC licensed radio or TV stations or employees from universities with …
Gains made Thursday in crude oil prices while OK energy stocks were mixed
Crude oil prices made gains on Thursday following the release of government data showing gasoline and distillate drawdowns in the U.S. Plus, there was the continuing worry among traders about Russia, Ukraine and supply disruptions. Gains occurred even after U.S. crude oil stockpiles increased more than expected. West Texas Intermediate crude in the U.S. …
Nation’s crude stocks increase again
Crude oil stocks increased in the past week at Oklahoma’s Cushing Hub and across the U.S. according to a government report issued Thursday. The U.S. Energy Information Administration reported the Cushing Hub saw an increase of 1.5 million barrels of oil. On Feb. 7, it maintained 21.8 million barrels but the total increased to …
Caldwell bills on eminent domain, competitive bidding and windfarm setbacks win committee approval
Four bills dealing with transmission lines, competitive bidding, and eminent domain won approval Thursday at the urging of Faxon state Rep. Trey Caldwell during a meeting of the Oklahoma House Utilities Committee. HB2747, a bill Caldwell spent three years creating and one focusing on public utilities in the construction of electrical transmission lines, was …
Devon to begin exploration in Blaine County
While Devon Energy stated this week it anticipates spending close to $4 billion in its capital program for 2025 with half of it allocated to the Delaware Basin, the Oklahoma City oil and gas company intends to continue exploration in Oklahoma, showing it is not ignoring the state’s own oil producing regions. The …
Williams executives to be part of CERAWeek
Leading executives at Williams Cos. plan to be a part of the upconing 43rd annual CERAWeek presented by S&P Global. President and Chief Executive Officer Alan Armstrong and members of the company’s leadership team will join the world’s energy industry leaders, experts, government officials and policymakers for the Houston, Texas event, March 10-14. Armstrong …
ONE Gas reports improved earnings in 4Q and 2024
Improved quarterly and year-end revenues for ONE Gas,Inc. resulted in larger per share earnings for investors, thanks in part, to higher prices paid by ratepayers. The Tulsa-based company, the parent of subsidiaries Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, reported this week it had $77 million in fourth quarter 2024 …
Vital Energy reports losses and 2025 outlook calls for lower capital investments
Vital Energy in Tulsa reported this week it had record oil production in the fourth quarter but also revealed a net loss of more than $359 million. It also recorded a full-year loss of more than $173 million. Vital indicated its plans for 2025 included lower capital investment levels and slightly lower oil production. …
Anti-wind farm bill fails in House Committee
The efforts of Rep. Tim Turner to rein in the growth of wind farms in the state through extensive setbacks for wind turbines failed this week in an Oklahoma House committee as wind farm supporters took the wind out of his sails. It shows wind farms and the electricity they produce have more supporters …