As Bitcoin soared to an alll-time high of nearly $85,000 this week, in part according to some analysts, over the re-election of Donald Trump and his promise to create crypto-friendly legislation, a bitmining operation supported by the state of Oklahoma is still in the expansion stage near Muskogee. For now, the 42-acre site is …
Category: Oil & Gas
EPA comes out with flaring fee on oil and gas producers
The Biden administration’s Environmental Protection Agency just implemented another restrictive rule on the oil and gas industry—a fee for flaring. The EPA took the final steps in its crackdown on methane leaks and did so as part of the Inflation Reduction Act. It is considered to be a move that will make it more difficult …
Energy briefs
** The incoming Trump administration plans to shrink two national monuments in Utah shortly after taking office, which will open hundreds of thousands of acres of federal land to oil and gas drilling and uranium and coal mining. ** The Biden administration plans to release a blueprint for an additional 200 GW of nuclear power by 2050, …
Former New York Congressman chosen to head the EPA
The next head of the Environmental Protection Agency will be former New York Congressman Lee Zeldin. He was chosen by President-elect Donald Trump but apparently doesn’t have much environmental experience. The GOP Representative, however, is a longtime supporter of Trump. In the first Trump administration, former Oklahoma Attorney General Scott Pruitt was chosen …
Crude oil prices took another 2% drop in Monday’s trading
Another 2% fall was recorded for crude oil prices on Monday and traders said it was because investors were disappointed in the latest stimulus plan from China. The decline was on top of a 2% drop recorded on Friday. West Texas Intermediate crude dropped $2.34 or 3.32% at $68.04 a barrel on the New …
Expand Energy explains severance to removed executive
A month after Chesapeake Energy and Southwest Energy officially merged into a newly named firm, Expand Energy, details of the removal of one of the executive officers was revealed in a filing with the Securities Exchange Commission. Benjamin E. Russ was removed as Executive Vice President, General Counsel and Corporate Secretary of the …
Supreme Court set to hear legislators’ efforts to block Commissioner Hiett in utility rate cases
The Oklahoma Supreme Court on Tuesday is set to hear arguments in the efforts of three Republican state Representatives to prohibit Corporation Commissioner Todd Hiett from voting on rate cases involving ONG, OGE and PSO. Oral arguments are scheduled for 2 p.m. in the writ of prohibition (PR-122513) sought by Reps. Gann, R-Inola, …
OGE Positive Energy Scholarship winners inspire future STEM leaders at OU GLAMS event
Oklahoma Gas and Electric Company (OG&E) and the University of Oklahoma (OU) Society of Women Engineers students teamed up for GLAMS (Girls Learning and Applying Math and Science), inspiring girls with hands-on design projects. The event brought together middle school girls to explore the exciting world of science, technology, engineering and math (STEM), featuring …
Higher winter storm Uri utility bills? It’s a possibility
The State Supreme Court ruling we first told you about last week where the court overturned a 2022 order waiving the collection of franchise fees by utilities could result in higher utility bills for consumers. At least that’s what Paul Monies of Oklahoma Watch reported as he explored the decision that came out of …
Rig activity saw little change in the nation’s shale plays
As the nation’s oil and gas rig count was unchanged in the past week, it meant there were very few changes in rig activity in the U.S. oil and gas plays. The Permian Basin, the nation’s most active play, remained at 303 rigs, according to the most recent Baker Hughes Co. rig count. The …