Charging utility customers for projects under construction? It’s what the Missouri legislature approved and sent to the desk of Gov. Mike Kehoe. The Missouri Independent reported the state House recently voted to repeal a more than 50-year old utility consumer protection law. Click here for Missouri Independent
March 2025 archive
Energy briefs
** Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week. ** The rapid development of AI data centers is intensifying concerns …
Crude oil prices jumped back on Friday for 1% gain
Not only did crude oil prices bounce back upward on Friday but so did Oklahoma energy stocks—some as much as 6%. Crude prices rose by 1% and stayed nearly unchanged for the week. Analysts explained investors considered the prospects of a fast end to the war in Ukraine which might result in more demand …
Williams executive to retire
Williams announced that Micheal Dunn, executive vice president and chief operating officer, will retire, effective May 2, 2025. “During his tenure, Micheal transformed our organization from operating as distinct business units into one cohesive, best in class operating company. He has brought strong operational discipline and an unwavering commitment to safety across the entire …
Crude oil tumbled Thursday and OK energy stocks did too
After a 2% gain on Wednesday, crude oil prices dropped more than 1% on Thursday. Analysts attributed the fall to a number of things including the risk that tariff wars between the U.S. and China, Mexico and Canada might harm global crude demand. Plus there is the uncertainty over the U.S. proposal for a …
State Forestry Service says Friday winds could produce a “Firestorm”
The Oklahoma Forestry Service is taking no chances and expanding its wildfire fighting operations to western Oklahoma as the threat grows of extreme wildfire conditions on Friday. “Friday will bring a statewide threat for High Significant Wildfire potential meaning that fires exceeding 5,000 acres are increasingly likely given fire weather and wildland fuels forecasts. …
Unit Corporation’s new financial report shows decline in net income
A new report from Tulsa’s Unit Corporation shows the company ended the fourth quarter with a dramatic drop in net income and experienced the same results for the full year. Unit stated in its report that net income for the three months ended Dec. 31, 2024 was $10.7 million or $1.07 per share compared …
AARP speaks out against latest OGE rate hike approval
The Oklahoma Corporation Commission’s decision to finalize a nearly $127 million rate hike by Oklahoma Gas and Electric drew the ire of the AARP. “This order will make final OG&E’s saddling residential customers with a historic $126.6 million rate increase and raise utility bills more than $9 a month, an amount many customers simply …
New Mexico legislators struggle with oil and gas bills
While Oklahoma legislators wrestle with wind farm setbacks and anti-eminent domain bills, in New Mexico, it’s a story of legislators attempting to create more restrictions on the state’s oil and gas industry. And at the same time, not kill the goose that laid the golden egg. Click here for Capital and Main
Expansion of oil project in Utah announced
Construction has started on a rail-loading terminal in Utah’s Uinta Basin that could mean wax crude oil shipments for Oklahoma’s Cushing Hub and eventually on to Gulf Coast refineries. The transportation by rail has resulted in the Supreme Court considering challenges by Colorado to stop the shipments. A news release …
