Oklahoma Attorney General Gentner Drummond was one of 19 Republican state attorneys generals and truck driver groups that filed a legal challenge this week to the Biden administration’s approval of California’s clampdown on diesel and gasoline powered trucks. Drummond and the others, led by Iowa, filed a petition in the U.S. Court of Appeals …
Category: Oil & Gas
Short energy stories
** Goldman Sachs Asset Management (GSAM) on Wednesday said it was liquidating the Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER). GER’s board of trustees, at GSAM’s recommendation, approved a plan of liquidation and dissolution for the fund. ** Climate activists interrupted an event with Sen. Joe Manchin (D-W.Va.) on Tuesday, shouting “dirty deal,” as …
Tuesday was a strong trading day for Oklahoma energy stocks while crude oil fell
Nagging worries that sluggish economic growth might reduce energy demand sent crude oil prices down 1% on Tuesday. But Oklahoma energy stocks responded with big 5% and 6% gains in some cases. West Texas Intermediate crude dropped 41 cents a barrel or 0.6% to settle at $71.74 on the New York Mercantile Exchange. Global …
Oklahoma regulators keep PSO rate hike case on the move
Oklahoma Corporation Commissioners decided Tuesday to let an Administrative Law Judge issue a recommendation to them regarding the $155 million rate hike request made by Public Service Company of Oklahoma. Commission chairman Todd Hiett preferred using a legal term known as a “sua sponte order” in which the case could be assumed by the …
Solar power fell short for OGE in its $331 million rate hike project
Documents and testimony in the $331 million rate hike request made by Oklahoma Gas and Electric with Oklahoma regulators show the utility encountered challenges in attempting to obtain new power through solar energy. The utility is seeking the rate hike to cover the replacement of aging power generating units at its Horseshoe Lake Power Plant …
Corporation Commission to review natural gas costs in Panhandle and NW Oklahoma
If the Oklahoma Corporation Commission approves a fuel adjustment clause request for Panhandle Natural Gas, it will affect about 4,700 customers in northwest Oklahoma and the Panhandle. An Administrative Law Judge will hold a hearing on the matter Thursday morning at 10:30 a.m. and hear testimony to determine if Panhandle’s various charges and credits …
OPEC+ cut will lead to higher oil prices predicts EIA
If the U.S. Energy Information Administration is right, we can expect higher oil prices as a result of the OPEC+ weekend announcement it will extend its oil production cuts through 2024, this on top of Saudi Arabia’s intentions of a voluntary oil production cut of 1 million barrels a day in July. In its June Short-Term …
Navajo leaders upset with government’s protective order around Chaco site
Not all Native American tribes support Interior Secretary Deb Haaland’s move last week to ban oil and gas leasing for the next 20 years around the historic Chaco Canyon in northwestern New Mexico. The Navajo Nation has come out against Haaland’s decision, saying it undermines the tribe’s sovereignty and might affect its tribal mineral …
Quick reads
** Votes on Republican bills that pertain to gas stoves were stalled Tuesday after a small group of House Republicans blew up an initial procedural vote. ** A major case alleging contamination by so-called forever chemicals will be postponed 21 days as the manufacturer and plaintiff close in on a deal. Judge Richard Gergel ordered the three-week …
House Committee launches investigation of Interior Secretary Deb Haaland
Interior Secretary Deb Haaland has come under investigation by a U.S. House Committee wanting to know more about her ties to an Indigenous environmental group from New Mexico that is pushing for a halt to oil and gas production on public lands. Haaland is a former New Mexico congresswoman who was appointed Interior Secretary …
