It wasn’t the increase in U.S. crude stocks that led to higher crude oil prices on Wednesday but probable increased investor uncertainty over President Trump’s reciprocal tariffs he announced late in the day. Investors fear a global trade war and how it might lead to less demand for crude. As a result, …
April 2025 archive
Universal Service Fund topped $100 million last year in Oklahoma
As the U.S. Supreme Court considers the constitutionality of how the federal program called the Universal Service Fund uses more than $8 billion in fees imposed on the phone bills we pay, tens of millions of dollars in such fees weigh in the balance in Oklahoma. The fees are meant to subsidize the cost …
Opposition grows to federal corridor across Oklahoma Panhandle
Pushback is growing against a proposed federal electric transmission corridor that would run along the western side of the Oklahoma Panhandle. It is coming largely from counties in southeastern Colorado and some has been led by controversial congresswoman Lauren Boebert. The corridor is similar to one that was killed across northern Oklahoma because …
DOJ says Iowa Governor’s ROFR plan would raise costs
Iowa Gov. Kim Reynolds’ energy plan, which would give in-state utilities first rights to build transmission projects has run head-on into opposition from the Justice Department. The DOJ says Reynolds ROFR proposal would stifle competition, the very claim that has been made by opponents of ROFR bills in the Oklahoma legislature. The federal government …
OKC energy consulting firm makes major acquisition
Oklahoma City-based Novus Consulting, a leader in energy consulting and technology integration, announced the acquisition of Omnia Technology Services, a renowned technology services company specializing in AI/ML, Cloud Modernization, and Digital Solutions. This strategic acquisition underscores Novus Consulting’s commitment to innovation and delivering cutting-edge solutions to its clients. The announcement did not reveal financial …
Energy briefs
** Colorado Gov. Jared Polis signs legislation into law classifying nuclear power as “clean energy” after it passed the legislature with bipartisan support. ** The Kansas City area could add another data center — this one to the tune of $12 billion spread across six buildings in Wyandotte County. ** A company halts the environmental …
Chevron wraps up sale of some major Haynesville holdings
Chevron recently concluded a $525 million sale of 70% interest in its East Texas gas assets. Chevron Corporation’s CVX subsidiary, Chevron U.S.A. Inc. made the sale to an affiliate of TG Natural Resources LLC, a firm indirectly owned by Tokyo Gas Co., Ltd and Castleton Commodities International LLC. The sale includes $75 million …
Gasoline prices on the increase—it’s that time of year
Yes, gasoline prices have taken an upswing in recent days hitting an Oklahoma statewide average of $2.76 per gallon, four cents more than a week ago and five cents higher than a month ago. Nationwide, triple A reports the national average of $3.20 is 7 cents higher than a week earlier. What’s causing the …
EV charging rates vary for highway travelers
It’s not just gasoline stations that vary in the price of refueling. How about electric vehicles? Their owners also face high prices for public charging per kilowatt hour. AAA reported the nation’s top 10 most expensive states for public charging per kilowatt hour are Hawaii (56 cents), West Virginia (46 cents), Montana (44 cents), …
ONEOK investors await 1Q earnings report in late April
ONEOK, Inc. plans to release its first quarter 2025 earnings report at the end of the month. The Tulsa-based company announced the release will be after the market closes on April 29. Members of the firm’s management team will take part in a conference call set for 10 a.m. central time the following day. …