Crude oil prices tumbled more than 2% on Wednesday and Oklahoma energy stocks felt the pain as well with several firms recording losses of 4% and 5%. The oil price plunge came days ahead of the weekend meeting of OPEC+ producers who are expected to support the idea of another increase in production …
No word how it might affect its operations in Bartlesville, but ConocoPhillips confirmed Wednesday it plans to cut it worldwide workforce by 20% to 25%. The slashing of its number of employees is considered be part of a broad restructing. It also sent shares fallling more than 4% to $94.91. ConocoPhillips has nearly 13,000 …
“The increase of demand is real,” declared Oklahoma Energy Secretary Jeff Starling at the start of a Wednesday Senate Energy Committee interim hearing into the state’s wind and solar farm development. Chaired by Sen. Casey Murdock (R-Felt) the committee spent 3 hours Wednesday morning hearing comments from supporters and those who contend there is …
Oklahoma Corporation Commissioners held two back-to-back closed door meetings this week to discuss “personnel” issues. A filing was made on Wednesday, September 3 of two meetings that fell under the Corporation Commission Open Meeting Act Exempt Event. The act allows commissioners to hold certain meetings without the public being present. The first revealed …
A flurry of filings was made this week by the state of Oklahoma, the Oklahoma Corporation Commission and Oklahoma Natural Gas Co. in response to the lawsuit filed challenging ONG’s rate hike approved in July by state regulators. The challenges to the rate increase came after Corporation Commissioners voted 3-0 supporting a Performance …
The lawsuit filed by eleven states accusing three of the biggest Wall Street asset managers of running an “investment cartel” to depress the output of coal is slowly making its way through a Texas U.S. District Court. Oklahoma did not join the lawsuit filed last year by Texas Attorney General Ken Paxton and 10 …
Tulsa’s Williams Cos. has won approval from federal energy regulators to move forward with a Northeast pipeline project with political ramifications involving the White House, New York’s governor and New York City activists. Approval from the Federal Energy Regulatory commission came in a 61-page order more than six years after the company sought approval …
NextEra Energy awaits a decision by federal energy regulators on its move to reopen the shuttered Duane Arnold nuclear plant located in Iowa. The company filed a request with the Federal Energy Regulatory Commission on July 25 seeking to reclaim interconnection rights that were previously transferred from the nuclear plant to a solar development. The …
In order to meet the growing demand for electrical power because of increased new data centers in Colorado, one electric cooperative built a new gas plant in 20 months in the northeast part of the state. The 162 MW Mountain Peak Power Plant, located about 35 miles northeast of Denver, was built by electric …
The growth of wind blade disposal operations in Oklahoma has the attention of the Oklahoma Corporation Commission which recently was given a report regarding the side business of the wind farm industry. “These recylers are drawing a lot of attention,” explained Mark Argenbright, Director of the OCC’s Public Utilities Division in a recent …
