Winter storm forces fuel switching across regional grid Although petroleum-fired electricity generation accounts for less than 1% of total U.S. utility-scale power generation, it remains a critical fallback fuel in parts of the country during extreme winter weather — particularly in New England. During Winter Storm Fern, petroleum temporarily became the dominant electricity source across …
Category: Oil & Gas
Merger talks intensify between Devon and Coterra
A report in the Financial Times indicated that the Devon Energy and Coterra Energy are “closing in” on a nearly $60 billion deal to merge. If it happens, it would be the largest oil and gas marriage in the US shale industry in two years. Talks between Devon of Oklahoma City and Coterra of …
Electric generation ability “worsening” in the U.S. according to report
A new study of future electricity needs and the ability of the nation’s electric grids to produce the power showed an “elevated” energy risk for the Southwest Power Pool which controls electrical output in Oklahoma and 13 other states. But the report by the North American Electric Reliability Corporation said ERCOT, the grid serving …
Energy costs among priorities of Oklahoma House Democrats
Oklahoma House Democrats are out with their “policy priorities” for the legislative session that begins on Monday in Oklahoma City and among them is a focus on affordability of utility and energy costs. Energy costs were on the list of priorities revealed this week by the Democratic Caucus as members prepare for the Second Regular …
Energy Brief: Fuel Cells, EVs, Oil and Global Power
Bloom Energy Lands $2.65B Fuel Cell Deal Bloom Energy has signed a 20-year offtake agreement with a subsidiary of American Electric Power to supply solid oxide fuel cells valued at $2.65 billion. The company also announced a new partnership with Brookfield Asset Management focused on delivering on-site power solutions for AI data centers worldwide, reflecting …
New York Renews Opposition to Williams Pipeline
New York Again Opposes Williams’ Constitution Pipeline Project Oklahoma-based Williams Companies, the nation’s largest transporter of natural gas, is facing renewed opposition in New York as it seeks to revive construction of the long-stalled Constitution Pipeline project. The 125-mile natural gas pipeline, proposed to move gas from Pennsylvania into New York, drew sharp criticism this …
Appeals Court Upholds EnerVest Royalty Fee Award
Appeals Court Upholds Nearly $6M in Fees in EnerVest Royalty Case A nearly $6 million attorneys’ fee award tied to a long-running oil and gas royalty dispute between Oklahoma mineral owners and EnerVest Energy has been upheld by the 10th U.S. Court of Appeals, marking the third appellate ruling in the case. The dispute dates …
Utilities Sought $31B in Rate Hikes in 2025,PowerLines Finds
Utility Rate Hike Requests Double in 2025, PowerLines Finds A nationwide non-profit organization says utility rate increases continued to accelerate in 2025, placing growing pressure on consumers across the country — including Oklahoma ratepayers who are already paying higher monthly bills tied to past storm-related fuel costs. In a year-end analysis titled “Utility Bills Are …
Mitchell talks energy with Jerry Bohnen…a winter storm’s impact on energy
http://facebook.com/reel/1456874019244280/ The impact of the latest winter storm on energy markets, plus how it’s affecting the growing demand for more electrical power in Oklahoma and across the U.S. It’s what Scott Mitchell and Jerry Bohnen discuss in their latest “Mitchell Talks Energy with Jerry Bohnen” podcast.
Crude oil reached highest mark in 4 months
Crude oil prices hit their highest mark since late September in Wednesday’s trading and natural gas prices also recorded a 7% gain amidst the winter storm that left hundreds of thousands without electrical power from Arkansas and Mississippi to the Carolinas. West Texas Intermediate crude finished well above $60, rising 82 cents of 1.31% …