The largest city-owned utility in Texas sued the state’s grid operator alleging it levied “excessive” power prices during a February deep freeze, and seeking to bar the grid from issuing a default that could affect its credit rating. High prices for emergency fuel and power during a severe cold spell left Texas utilities facing …
Texas-based Harvest Midstream Company agreed to pay a nearly $100,000 civil penalty for violating environmental laws in New Mexico. The Albuquerque Journal reported the company failed to report a release of natural gas into water in northern New Mexico and was fined by the Energy, Minerals and Natural Resources Department. Click here for Albuquerque …
Texas legislators took steps this week to make sure consumers aren’t hit with exorbitant electrical bills from the February winter weather that left dozens dead and millions in the dark for days because of rolling blackouts. The Texas state Senate on Monday quickly approved a bill cutting more than $5 billion in disputed electricity …
New Mexico Democratic Rep. Deb Haaland, whose environmental goals were considered too extremist by some Republicans in the Senate won confirmation Monday evening to be Interior Secretary and the first Native American to be a member of a presidential cabinet. But her confirmation came without the support of Oklahoma’s Sens. Jim Inhofe and James …
Monday turned out to be another day of falling crude oil prices both in the U.S. and overseas and most Oklahoma energy stocks followed suit. West Texas Intermediate crude for April delivery dropped 22 cents to $65.39 a barrel. Global benchmark Brent crude for May deliver fell 34 cents to finish the day at …
How accurate was Oklahoma Congressman Markwayne Mullin in a recent discussion about the microchip shortage? Check out what General Motors announced this week. The company said from its Detroit headquarters that as a result of the global semiconductor chip shortage, the automaker was building certain 2021 light-duty full-size pickup trucks without a fuel management …
Drivers in and around the city of Hollis in Harmon County are faced with $3.10 on the gas pumps, the highest average in the state. A handful of other counties, including the cities of Alva, Taloga and Arnett in the northwest pay an average of $2.91 to $2.93 per gallon of unleaded. Lawton has the …
Republican lawmakers who voted in January against accepting President Biden’s election victory won’t be receiving any campaign contributions from two energy industry associations that joined the list of others doing the same. And that includes most of Oklahoma’s congressional delegation. The American Clean Power Association and the Nuclear Energy Institute say their political action …
Oklahoma City’s Ascent Resources Utica Holdings LLC announced plans to redeem nearly $68 million in senior notes. Ascent and its wholly-owned subsidiary ARU Finance Corporation issued the notice of redemption to Wilmington Trust, National Association the trustee of their 10% senior notes due 2022. Ascent plans to make the redemption of all the outstanding …
The U.S. Supreme Court plans to hear appeals on April 27 on the ruling against Oklahoma’s Wynnewood refinery in a fight over mandated biofuels production. The case involves the 2020 ruling by the 10th U.S. Court of Appeals in Denver which upheld the mandates against small refineries that had obtained waivers. The Wynnewood Refining …
