As utilities in Oklahoma asked for regulatory relief from massive natural gas bills that hit them during the February winter storm, some sought protective orders for their confidential business information. However, most have just started the long and slow process of seeking state government help. Corporation Commissioners voted Thursday in support of a protective …
Oklahoma Corporation Commissioners meet Monday to decide whether to return to a 50% allocation of natural gas production following emergency action taken during the winter storm to increase production to 100%. Some energy companies support a rate higher than 50%. Commissioners will consider a recommendation filed by Robyn Strickland, Director of the Commission’s Oil …
Oklahoma’s STACK play will see some new drilling efforts as state regulators handed out drilling permits to Ovintiv Mid-Continent Inc. It means the Denver-based energy company remains eager to make more large finds in Kingfisher County where it had significant success in 2020 as indicated in recent completion reports. Ovintiv received permits to drill …
Crude oil prices plunged in Friday’s trading and now investors and producers await Monday’s trading to see if there will be a rebound. West Texas Intermediate crude for April delivery fell $2.03 to $61.50 a barrel on Friday. Global benchmark Brent crude dropped 75 cents to $66.13 a barrel. Natural gas for April fell …
While the Biden administration attacked the oil and gas industry with cancellation of the Keystone XL and the suspension of new drilling permits on federal lands, investors apparently are not shying away from putting their money in new drilling, as reflected by the latest Baker Hughes rig count. Baker Hughes Co. reported an …
He already controls SandRidge Energy in Oklahoma City and owns CVR Energy, operator of Oklahoma’s Wynnewood Refinery and as Carl Icahn sets his sights on Ohio’s FirstEnergy, his critics are unleashing a torrent of harsh words for the activist investor. Icahn’s been labeled a “corporate raider” for years and now he’s being called “notorious,” …
The Lieutenant Governor in Texas says the reason some Texans received whopping and exorbitant energy bills following the historic freeze is because they took a gamble and lost. Dan Patrick wasn’t being cold about the situation but explained those who received the high bills, $16,000 in one case, made a choice to either set …
A shortage of gasoline is the latest crisis to hit Texas following the deadly winter storm that caused rolling blackouts and left nearly 3-dozen dead. As Bloomberg reported, it’s estimated that one in every seven gas stations in the state is without fuel because the storm not only crippled refineries but hit the trucking …
Former Michigan Gov. Jennifer Granholm won her confirmation to be the Energy Department secretary on President Biden’s cabinet, but she did so without the support of Oklahoma’s U.S. Senators. Granholm’s confirmation in the Senate came on a 64-35 vote with all Democrats and 14 Republicans agreeing on her nomination. Senators Jim Inhofe and James …
The Bureau of Land Management has been sued by Oklahoma City’s Continental Resources in federal court over delays of dozens of North Dakota drilling permits for federal lands. It’s considered a challenge of the Biden administration’s anti-fossil fuel moves taken immediately after he took office. The company’s Feb. 23 lawsuit in North Dakota U.S. …
