Billionaire activist Carl Icahn came away with a court victory this week after a federal judge dismissed a lawsuit that had accused him of defrauding shareholders of his investment company Icahn Enterprises so he could obtain large personal loans. Icahn, a major holder of Oklahoma oil and gas operations SandRidge Energy and the …
Category: Oil & Gas
Attorney General Drummond wants EPA to continue with block on California’s EV mandate
Oklahoma Attorney General Gentner Drummond said this week he joined a host of other state attorneys general in a fight to have the Environmental Protection maintain a federal legal block on California’s Advanced Clean Fleets regulation. The regulation in question, according to Drummond, “illegally” attempts to impose an electric-truck mandate on fleet owners, operators, and …
PSO’s planned purchase of natural gas plant in Jenks could mean higher rates for customers
Public Service Company of Oklahoma filed for Oklahoma Corporation Commission (OCC) approval to purchase a natural gas combined-cycle generation plant located in Jenks, Oklahoma. But it will also mean higher rates for PSO customers. The company, in making the announcement explained the purchase will meet customers’ projected power needs using an existing local facility while …
Lingering impact of Hurricane Francine sent crude oil prices upward on Monday
The continued impact of Hurricane Francine on Gulf oil output sent crude oil prices climbing on Monday. Reports indicated at least 12% of crude production and 16% of natural gas output in the Gulf of Mexico was still offline because of the storm that hit the southern states last Wednesday. West Texas Intermediate crude futures …
ONEOK to put final touches on $1.25 billion in sale of notes
ONEOK signs off on the sale of $1.25 billion in notes and plans to use the proceeds to pay for its recent acquisitions. The Tulsa-based company announced Monday that on September 10, 2024, ONEOK, Inc., ONEOK Partners, L.P. , ONEOK Partners Intermediate Limited Partnership and Magellan Midstream Partners, L.P. entered into an underwriting …
Arkansas trucking firm first to test new renewable gas engine
The Arkansas-based J-B Hunt trucking firm has become the first big transportation company to take part in tests involving a new renewable natural gas engine produced by Clean Energy Fuels Corp of California. Clean Energy announced the launching of a program to allow heavy-duty fleets to operate a truck equipped with the new Cummins …
Corporation Commissioner supports move of legislators against Todd Hiett
The effort of three Republican state Representatives to have the Oklahoma Supreme Court disqualify Corporation Commissioner Todd Hiett from cases involving ONG, OG&E and PSO echoed a similar move weeks ago by another Commissioner. Corporation Commissioner Bob Anthony called on Commissioner Hiett to either resign or disqualify himself from some of the cases involved, but …
Three legislators ask State Supreme Court to disqualify Corporation Commissioner Hiett in PSO, ONG and OGE cases
Embattled Oklahoma Corporation Commissioner Todd Hiett, the regulator accused of public drunkenness and attempting to grope a man at a public bar, was hit with an attempt by three legislators before the Supreme Court to stop him from participating in cases involving some major utilities. State Reps. Tom Gann of Inola, Kevin West …
Energy briefs
** Arkansas has no wind farms, but at least three are in the construction or planning stages. They include two in the Delta — Crossover Wind near Wynne in Cross County and Long Grain Wind near Marion in Crittenden County — and one in the Ozarks, the Nimbus project near Green Forest… ** Energy companies …
Bad math by the government leads to ruling against oil and gas development
Because of a misplaced decimal by a federal government agency, a firm’s 5,000-well oil and gas drilling project in Wyoming has been put on hold by a federal judge. The Bureau of Land Management’s mistake led to a miscalculation of the project’s groundwater impacts, leading to U.S. District Judge Tanya Chutkan 17-page decision filed …