June 2, 2025 archive

Canadian wildfires threaten oil production–prices rose on Monday

  Wildfires in Canada are doing more than sending smoke into the U.S. They also are threatening oil sands operations and Canada’s oil supplies and as a result, oil prices rose nearly 3% on Monday. Wildfires burning in Canada’s oil-producing province of Alberta have affected about 7% of the country’s overall crude oil output as of Monday, …

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Mixup in Attorney General’s filing in OGE case

    Sometimes even Attorney General Gentner Drummond can make a mistake, or at least his office. In a recent filing with the Oklahoma Corporation Commission, the Attorney General asked for approval to force Oklahoma Gas and Electric Company pay for his employment of expert witnesses regarding the utility’s request for approval of three major …

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Oklahoma gasoline prices are holding steady

    With the summer driving season officially here after the Memorial Day weekend, gasoline prices in Oklahoma are holding steady with a statewide average of $2.77 per gallon. If you’re hitting the road for a vacation, it might be advisable to do so in the midwest. Head west and you’ll encounter much higher prices …

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Eminent domain bill on hold in Iowa

    Iowa Gov. Kim Reynolds has yet to act on a controversial bill sent to her by the state legislature to create more restrictions on the use of eminent domain for the construction of carbon capture pipelines. It’s among several bills in which the Governor is facing a June 14 deadline to either sign …

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Bracing for more rain across Oklahoma

  Yes, more rain is in the Oklahoma forecast. Let me repeat that—MORE RAIN IS IN THE FORECAST. As the Oklahoma Mesonet indicated, the forecasts included 4-6 more inches of rainfall across areas of the state where 15-to-20 inches have been recorded in the past few months.

Colorado new home costs could rise if new rules are adopted by state Energy Code Board

    Construction costs on housing in Colorado could shoot up $25,000 to $35,000 if an Energy Code Board adopts recommendations this week requiring future homes to meet more energy efficient standards. The Colorado Association of Home Builders warned that the requirement of electric stoves and heating systems will add high costs to new homes …

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Next broadband expansion project to begin in Claremore

Oklahoma’s latest broadband expansion project will be launched later in the week in Claremore. The Oklahoma Broadband Office will officially launch broadband expansion projects with Atlas Broadband to improve access to high-speed internet service in four counties (Rogers, Osage, Nowata and Tulsa). The Office stated that the projects will significantly enhance digital access to provide …

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Permian Basin oil production boosts US production by nearly triple in past 15 years

      A new government report credits oil production in the Permian Basin with a major increase in U.S. production over the past 15 years. Onshore crude oil production in the U.S. Lower 48 states has more than tripled since January 2010, driven by tight oil production growth in the Permian region, an area …

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Turning things around at NGL Energy Partners

    NGL Energy Partners reported a turnaround its revenue for the fourth quarter and full year fiscal 2025 results. Income from continuing operations for full year Fiscal 2025 totaled $65.0 million, compared to a loss from continuing operations of $157.7 million for full year Fiscal 2024. NGL’s fourth quarter income was $16.2 million, improved from …

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Energy briefs

** Interior Secretary Doug Burgum, Energy Secretary Chris Wright and EPA administrator Lee Zeldin are part of a group that traveled to the North Slope on Monday, promising to undo the Biden administration’s restrictions on crude oil development. ** An Alaska startup proposes a bitcoin mining data center on the North Slope that would be …

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