Author's posts
More utilities wait in line for storm cost securitization
Three more Oklahoma utilities could get support in their 2021 winter storm cost recovery plans as the Oklahoma Department of Finance Authority meets Wednesday to consider $2.27 billion in bond requests. The ODFA will consider bonding or securitization requests of $1.45 billion from Oklahoma Natural Gas, $725 million from Public Service Company of Oklahoma …
New Mexico lawsuit against EPA over gold mine pollution on hold
The state of New Mexico’s lawsuit against the Environmental Protection Agency stemming from the 2015 Gold King Mine spill is reported to be on hold. The state’s attorney general now says an agreement has been reached to settle New Mexico’s claims against the EPA reported the Farmington Daily Times. At the time of the …
From oil and gas to fast food—it’s Icahn’s latest battle
Billionaire investor Carl Icahn is at it again. After taking over Oklahoma-based SandRidge energy a few years ago followed by CVR Energy, he’s now attempting to land two seats on the McDonald’s board of directors. His proxy effort against McDonald’s came after Icahn slammed the fast-food restaurant chain for its handling of pigs in …
Lawsuit prompts Biden administration to freeze new drilling
In a weekend announcement, the Biden administration said it will suspend any decisions about new oil and gas drilling in the middle of a legal fight with 10 Republican states over how to calculate the cost of fossil fuel-driven climate change. The original lawsuit was brought by Louisiana, Alabama, Florida, Georgia, Kentucky, Mississippi, South Dakota, …
Oil and Gas industry’s recovery from COVID-19
A recovery from the COVID-19 pandemic by Oklahoma’s oil and gas industry is well underway says the head of the state’s largest energy group. Brook Simmons, president of Petroleum Alliance of Oklahoma points to investments by operators of all sizes as evidence of the growing recovery reported the Enid News & Eagle. Click here …
Oklahoma storm securitization plan roundly criticized in new study
A study of the cost-recovery methods used by utilities hit by Winter Storm Uri in 2021, the storm that left Texas and Oklahoma hard hit by extreme weather, shows Oklahoma’s method of securitization hits consumers hardest of the states that suffered in the storm. The storm was linked to more than 200 deaths in …
Broadband state agency to be created in Oklahoma?
Another layer of government bureaucracy at the Oklahoma state capitol is in the works as legislators are in reported talks with the governor’s office to create a new state agency to monitor broadband spending. The Oklahoman reported over the weekend such a proposed small agency would deal with the state’s millions of dollars it …
Completion reports for February 18, 2022
PONTOTOC COUNTY Citation Oil & Gas Corporation Various Commingled Formations: Oil 81 Water 2619 Pump 27 2N 7E East Fitts Unit 9-87, January 18, 2022 DH, OIL, TD: 4220 ft Lat: 34.61251, Long: -96.55959 API: 35123238950000 STEPHENS COUNTY Citation Oil & Gas Corporation Permian(339): Oil 0.25 Pump 34 1S 5W Mcclanahan-frensley 344113, May 03, 2021 SH, OIL, TD: 1200 ft Lat: 34.42574, Long: …
Permits to drill for February 18, 2022
Carter County FLAMES 3-10-1S-3W #WXH1, February 18 2022 03 1S 3W NENWNENE API: 01926471 Lat: 34.50629126367349, Long: -97.49492546113407 BLACK MESA ENERGY LLC HH, DR, 17860 ft, WOODFORD(7970) Creek County SALLIE LEE #B-1, February 18 2022 12 18N 11E SWSWNENE API: 03776061 Lat: 36.05794057251165, Long: -96.08724515170451 OTC/OCC NOT ASSIGNED SH, RC, 1420 ft, RED FORK(1360) Grady County YIPPI …
Cole says Biden should admit he’s caused U.S. energy problems
Oklahoma congressman Tom Cole says when President Biden delivers his state of the union address to congress on March 1, he should admit many of the crises facing the U.S., including record high gas prices, are of his own making. In a weekend letter to his constituents, Rep. Cole said Biden should not only …
