Members of the Oklahoma House received their committee appointments this week. Energy Committee and Utilities Committee appointments were among them, according to the announcement by House Speaker-Elect Kyle Hilbert. The Energy Committee will be led by Chair – Rep. Nick Archer, R-Elk City; Vice Chair – Rep. Ken Luttrell, R-Ponca City. The Utilities Committee …
Category: Oil & Gas
Research shows improved efficiency enabled record U.S. crude oil production from fewer rigs
Just because there are fewer oil rigs actively drilling for new crude oil in the U.S. doesn’t mean there is less oil production. It’s been confirmed by researchers at the U.S. Energy Information Administration which released November production numbers this week. Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska …
Williams runs into opposition over Transco expansion
The Williams Cos. is running into some opposition in North Carolina over its plans to expand the Transco natural gas pipeline. Residents of the city of Oak Ridge recently spoke against the Tulsa-based company’s Southeast Supply Enhancement project that is also opposed by the Sierra Club which is mobilizing opposition. Plans were unveiled …
DEQ wants input on proposed rules
The Oklahoma Department of Environmental Quality (DEQ) is requesting stakeholder input in advance of policy development. Input is requested by February 3, 2025. DEQ is requesting input on policies that will be incorporated into state rules and, eventually, state 111(d) plans. Documents clarifying the requests for input are now available: Oil and Natural Gas Sector …
Gulfport’s latest share buyback effort totaled $13 million
Gulfport Energy just announced a buyback of nearly $13 million in shares from stockholder, Silver Point Capital, L.P. as part of its $1 billion buyback effort. The Oklahoma City energy company said the purchase agreement was made Dec. 19 and in the deal, Gulfport agreed to purchase 79,410 shares at a price of $162.81 …
Scott Mitchell’s Christmas podcast with Jerry Bohnen
We’re not Scrooge for Christmas, it’s just that in forms of energy gifts, we talk about growing opposition to transmission lines, wind and more corporation commission dramas.
Opponents to Cimarron Link transmission line say ‘land grab” fight isn’t finished
When Gov. Stitt, the attorney general, legislative leaders and others in the state recently challenged a proposed Energy Department transmission line across Oklahoma, they labeled it as a “land grab.” The Energy Department cancelled the project last week. But the land grab fight is far from over, in the eyes of some landowners who …
Legislators not giving up…taking their Todd Hiett fight back to Supreme Court
The three legislators seeking help from the courts in prohibiting Oklahoma Corporation Commissioner Todd Hiett from voting on rate cases for PSO, OGE, ONG aren’t giving up. Reps. Tom Gann, R-Inola; Kevin West, R-Moore; and Rick West, R-Heavener, filed an appeal Dec. 19 with the State Supreme Court over the commission’s $127 million rate …
Energy briefs
** Environmental groups file a lawsuit accusing California regulators of failing to assess or alleviate potential environmental impacts of increased biofuel use expected under updates to the state’s low-carbon fuel standard. ** For the first time in U.S. history, wind and solar generated more electricity than coal during the first 11 months of 2024, according to data from a …
Crude oil saw slight gains on Friday
The gains made by crude oil prices on Friday were small enough to declare that they held steady in trading. Oklahoma energy stocks took advantage to record gains. Analysts explained Chinese demand and interest rate-cut expectations played a role, according to Reuters, as day information that showed U.S. inflation was cooling. West Texas Intermediate …