Author's posts
ONEOK executive to retire
ONEOK’s Executive Vice President and Chief Administrative Officer, Robert Martinovich is leaving the company. In a filing with the Securities and Exchange Commission this week, the company said he gave his notice of his intention to retire. The company explained Martinovich will remain in his current role until a successor is named. Rob Martinovich …
Broadband expansion bill to get House committee hearing
State House Republican legislation to bring high-speed internet to 95% of Oklahomans in five years will be heard in committee this week. The creation of an Oklahoma Broadband Office via House Bill 3363 represents Oklahoma’s most aggressive step yet in broadband expansion, which has been a House Republican priority for three years. “With all the …
High court won’t hear Dakota Access Pipeline appeal
The U.S. Supreme Court says it won’t hear the appeal of Energy Transfer’s Dakota Access Pipeline stemming from a lawsuit. Dakota Access had appealed a lower court ruling which said the U.S. Army Corps of Engineers had to carry out more environmental reviews of the impact of the line. The Corps had issued an …
$1.8 billion cash tender offered by ConocoPhillips
ConocoPhillips announced a cash tender offering totaling $1.8 billion is being made by ConocoPhillips and its wholly-owned subsidiary Concho Resources Inc. In making Tuesday’s announcement, the company said the offer extended to at least 10 different holdings in the company. The terms of the offer include a termination at midnight, New York City …
Court to hear Colorado county’s challenge to crude carrying rail line
A Colorado county fighting a proposed new rail line in Utah will get its chance to be heard in federal court in Washington, D.C. Eagle County situated along Interstate 70 is fighting the Unita Basin line because of the crude oil that it might carry on various routes in Colorado. The line won approval …
More energy news headlines
** The Washington Post reports that White House aides are reviewing whether to release more oil from the U.S. Strategic Petroleum Reserve if Russia curtails supplies. ** EPA data released shows carbon dioxide and other pollutants from the power sector increased last year over 2020, largely due to reliance on coal-fired power as natural gas prices rose. **Union workers …
Impact of judge’s ruling against Biden administration’s carbon emissions move
The state of New Mexico is among those directly affected by a Louisiana federal judge’s ruling that blocked government regulators from using a key estimate of carbon emissions harms. Axios reports the ruling delayed drilling permits, lease sales and environmental rules and as a result, at least 18 well permits in New Mexico cannot …
Winter storm costs handled by Iowa regulators
Regulators in Iowa have given approval for the state’s three major natural gas utilities to spread out extra costs to customers stemming from the brutal February 2021 winter storm. The Iowa Utilities Board is allowing the firms to extend the costs over long periods of time reported the Telegraph Herald in Dubuque, Iowa. Click here …
Higher crude prices might spark more oil exploration in Kansas
A report shows some oil and gas producers in Kansas are considering more exploration thanks to higher oil prices. Click here for KSNW report
Strong quarterly financial results reported by CenterPoint Energy
Just a few weeks after CenterPoint Energy received relief from Oklahoma Corporation Commissions over the February winter storm natural gas costs, the company released its quarterly earnings report pointing to what an executive called a “great year.” CenterPoint reported income available to common shareholders of $641 million, or $1.01 per diluted share, for the fourth …