As crude oil prices gained about 2% on Monday with the summer driving season here and increased hopes for more gasoline demand, Oklahoma energy stocks finished mixed for the day. Oil prices also rose possibly because nagging worries that the unrest in the Middle East will spread and result in a drop in global oil …
Category: Oil & Gas
List of interim studies announced by Senate leader
At least 7 of the 39 interim study requests approved recently by Oklahoma Senate Pro Tem Greg Treat involve energy related matters. One of the issues is a proposed exploration of “unbundling of electric generation from transmission.” It raised the question, “Does it make sense for Oklahoma?” Tulsa State Sen. Dana Prieto requested the …
Denver’s new natural gas restrictions might be challenged by propane group
The National Propane Gas Association is reported to be possibly joining a legal challenge to new regulations to restrict natural gas appliances in commercial and multifamily buildings in Denver, Colorado. Colorado Public Radio reports it is in resonse to new building codes implemented several months ago by the city of Denver as it …
Record-Breaking Travel Volumes Expected July 4th Weekend as More Than 600,000 Oklahomans Plan to Travel
The July 4th holiday weekend traffic is already on the upswing as more than 600,000 Oklahomans are expected to make at least a short drive of 50 miles or more over the coming weekend. They will be among 71 million Americans going somewhere this week for the Independent Day celebration or taking advantage of …
Chesapeake and Continental Resources under probe by Democrats on US Senate committee
Oklahoma City’s Continental Resources and Chesapeake Energy companies are among 18 oil and gas companies under investigation by Democrats on the US Senate Budget Committee. The list of 18 domestic oil producers was released last week as the committee launched an investigation into what it called “suspected collusion” among the producers. While the …
Energy briefs
** The Supreme Court opened the door Monday to new, broad challenges to regulations long after they take effect, the third blow in a week to federal agencies,reported the Associated Press. The justices ruled 6-3 in favor of a truck stop in North Dakota that wants to sue over a regulation on debit card swipe fees that …
Crude prices fell on the last trading day in June
Crude oil prices finished last week with a drop on Friday, thanks to weak U.S. fuel demand. However, some key inflation data for May reportedly boosted the chances of an interest rate cut to be made later this year by the Federal Reserve. West Texas Intermediate crude finished 20 cents lower or 0.24% at $81.54 …
ONE Gas increases credit deal to $1.2 billion
ONE Gas just upped its credit agreement from $1.2 billion to $1.275 billion. In a filing with the Securities and Exchange Commission, the company confirmed its lender joinder and commitment increase agreement. Bank of America N.A. was the administrative agent, swing line lender and letter of credit issuer. Other lenders were involved too, …
Oklahomans applaud Supreme Court decision
A decision Friday by the U.S. Supreme Court to upend a 40-year old decision making it easier for the federal government to regulate the environment, public health and other areas drew strong applause from Oklahoma groups and leaders. Among those happy about the ruling to overturn the 1984 decision known as Chevron was Petroleum Alliance …
Corporation Commission clarifies claims made about winter storm Securitization bonds—apologizes for misleading ratepayers
The Oklahoma Corporation Commission issued a clarification and apology for misleading ratepayers about a recent news release about the issuance costs of Winter Storm Uri Securitization Bonds. The release on May 29, according to the newest press statement had an intent of demonstrating for utility customers “that no cost overruns occurred with the …