** Still on hold: Arkansas has halted its $54.1 million build-out of electric vehicle charging stations after the Trump administration froze federal funding. ** The Greek shipping company Eurobulk has been hit with a $1.1 million fine by a Texas judge after the company pleaded guilty to illegally discharging oily bilge water from one of its vessels. ** …
Category: Oil & Gas
Claim of Commissioner Hiett’s critics is denied by agency spokesman
A spokesman for the Oklahoma Corporation Commission for the first time revealed a man who was allegedly groped by Commissioner Todd Hiett leading to calls for Hiett to resign and targeted over his rate case votes has never come before the commission in public instances as suggested by Hiett’s detractors. In response to a …
Few changes seen in rig counts in Oklahoma and across the U.S.
Oklahoma maintained a count of 45 active oil and gas rigs over the past week while nationally, the total increased by one to 593, according to the latest Baker Hughes rig count released on Friday. Oklahoma’s total is four more than one year ago. The U.S. count included a loss of two oil rigs leaving …
Legislative bills want to do more to abandoned well cleanup
Some Oklahoma legislators want to make some changes to the state’s surety program for wells. Rep. Brad Boles of Marlow says it’s a plan to create for funding when wells are abandoned. Click here for KGOU Radio
Energy briefs
** More than half of the jurors selected for Energy Transfer’s defamation trial against Greenpeace have ties to the fossil fuel industry or view pipeline protests negatively, signaling how difficult it was to seat a jury in oil country. ** Michigan utilities could be fined up to $10 million under a new order for failing …
Zelenskyy and Trump argument sent crude prices crude oil prices down on Friday
Crude prices fell Friday following the televised verbal argument between President Trump and Ukrainian President Zelinskyy and at the same time, Oklahoma energy stocks recorded gains. Putting pressure on traders and investors was the decision by Iran to resume oil exports out of the Kurdistan region. West Texas Intermediate finished down 59 cents …
Trump’s removal of Chevron license to ship Venezuelan oil sent crude prices higher
After hitting a two-month low on Wednesday, crude oil prices reversed course on Thursday after President trump revoked Chevron’s license to operate in Venezuela. Reuters reported the revocation means Chevron won’t be able to export Venezuelan crude oil. And if Venezuelan oil company PDVSA exports the oil, U.S. refineries will not be able to …
House votes to reverse Biden’s natural gas water heater restrictions
The U.S. House voted Thursday in support of a resolution to reverse another Biden administration environmental move—the one to outlaw an entire product class of instantaneous natural gas water heaters. All five Oklahoma Representatives, Stephanie Bice, Josh Brecheen, Tom Cole, Kevin Hern and Frank Lucas, were among the 221 House members who voted for …
Expand Energy’s merger led to big financial challenges
Following the acquisition and merger with Southwestern Energy of Houston, Oklahoma City’s Expand Energy confirmed some of its operations saw declines in productivity in the past year and it is faced with financial challenges. Cash provided by operating activities was $1.57 billion, $2.38 billion and $4.12 billion during the years ended December 31, 2024, 2023 …
Former Corporation Commissioner honored by national association
When a national organization of state regulators and corporation commissioners from across the U.S. gathered this week in Washington, D.C. it honored former Oklahoma Corporation Commissioner Bob Anthony. All three Oklahoma corporation commissioners, including Todd Hiett, the man Anthony urged to resign over his public drunkenness and sexual abuse scandal that developed last year, …