Oklahoma Corporation Commissioners will meet Tuesday afternoon to handle some routine business matters. Among them, is the Commission’s Public Utility Division’s initiation of a review of the fuel adjustment costs of Public Service Company of Oklahoma during the 2024 calendar year. It will include what the PUD calls a “prudence review of the fuel …
Category: Oil & Gas
Williams starts era of new leader
July 1 starts the beginning of a new era at Williams, the big pipeline company headquartered in Tulsa. It’s when 14-year President and CEO Alan Armstrong steps aside to become the executive chairman of the Williams Board of Directors and Chad Zamarin, the executive vice president of Corporate Strategic Development replaces him. …
Utility proposes two gas power plants in northwest Arkansas
Northwest Arkansas could be getting two new gas power plants in the future, courtesy of SWEPCO (Southwestern Electric Power Company), the state’s second-largest utility. It’s also another sign of the growing need for more electricity generation. SWEPCO electric grid planners recently offered some details in a presentation at a virtual conference held by …
Energy briefs
** A top EOG Resources executive agrees U.S. shale oil production has likely peaked and is now in decline., reported Hart Energy. “I think U.S. shale oil has definitely slowed, there’s no doubt about it,” EOG COO Jeff Leitzell said June 24 in response to a question about peak U.S. oil at the JPMorgan Energy, Power, …
Energy Secretary and Congressman say it’s time to end green energy subsidies
Oklahoma Energy Secretary Jeff Starling joined Republican Congressman Josh Brecheen in a recent Washington Examiner opinion piece citing their opposition to any more green energy subsidies. They might be getting their wish after the Senate voted Saturday night on proposed changes to end the subsidies. Entitled “Senate should stop funding failure, repeal green …
What state regulators discussed behind closed doors
In their latest meeting at which the public was not invited, Oklahoma Corporation Commissioners discussed a possible interim study relating to oil and gas. Commissioners met behind closed doors on the afternoon of June 25 and huddled for more than one hour in a conference room of the Will Rogers Memorial Office buildiing …
Crude oil closed higher on Friday
Crude oil prices finished higher on Friday after climbing back from a drop following reports that OPEC+ had planned to increase production in August. The report indicated OPEC+ planned to boost production by 411,000 barrels a day in August. West Texas Intermediate crude finished up 28 cents or 0.4% to close at $65.52 …
More losses of active oil and gas rigs across the U.S. and Oklahoma
The nation’s number of oil and gas rigs actively in pursuit of more energy resources declined even more in the past week and Oklahoma followed suit, according to the latest Rig Count report from Baker Hughes Co. Oklahoma’s count dropped one and as a result 46 rigs remain in active exploration. A year …
PHX Minerals to be delisted following acquisition by WhiteHawk Energy
The acquisition of PHX Minerals Inc. was recently completed by Pennsylvania-based WhiteHawk Income Corporation and WhiteHawk Energy, LLC. As a result, PHX Minerals, formerly headquartered in Fort Worth, is no longer traded and is being delisted on the New York Stock Exchange. It also means WhiteHawk Energy took control of PHX holdings in …
A flood of gas plants is coming to Texas to handle electricity growth
As Oklahoma regulators recently focused on the state’s need for more electricity in the effort to expand economic growth and industries, Texas appears to be ahead of the game. “Spurred by data centers and population growth, demand for electricity in Texas is expected to nearly double by 2034,” is how Oil & Gas Watch described …