Category: Oil & Gas

Critics claim record oil and gas production in Texas only adds to growing heat waves

  Texas is pumping out so much oil and gas, it has reached record levels. It produced a record 5.7 million barrels a day of crude oil in May and also sold a record 32 billion cubic feet of gas. But, critics contend the oil and gas is adding to the country’s hottest summer on …

Continue reading »

Federal judge orders BNSF to pay $400 million to tribe over oil tankers

    Forth Worth-based BNSF Railway just got hit by a $400 million court order in Washington state for trespassing on Native American lands with transported crude oil. U.S. District Judge Robert Lasnik issued his ruling Monday after finding the railway company intentionally trespassed when it ran 100-car trains across the tribe’s reservation. The tribe …

Continue reading »

Rate hikes and campaign money—hot topic on Mitchell Talks Energy

If it’s Tuesday, then it’s time to talk about Oklahoma’s primary election and the decision by voters who to pick to be their Republican candidate for Corporation Commission. Three are running for the nod and it was a prime source of discussion on Scott Mitchell Talks Energy with Jerry Bohnen. Click below for their discussion …

Continue reading »

Crude oil prices gained nearly $2 on Monday

Monday brought a nearly $2 a barrel gain for crude oil prices as they rose to nearly their highest levels in more than a month. It was simply the result of more optimism in oil on the part of investors. But their optimism did’t carry over to natural gas. West Texas Intermediate crude, the US …

Continue reading »

AARP won’t oppose OGE rate hike settlement but still thinks it’s unfair

  AARP Oklahoma came out with a statement Monday explaining its stance of non-opposition to the $126.6 million rate hike made by Oklahoma Gas and Electric Co. before Oklahoma Corporation Commissioners. However,  State Director Sean Voskuhl made it quite clear, he was not happy with the request agreed to by the utility and 9 other …

Continue reading »

Mid-July hearing on next step in lawsuit challenging Oklahoma’s Energy Act

  The Oklahoma County District Court judge who temporarily suspended enforcement of Oklahoma’s Energy Discrimination Elimination Act has set a hearing for mid-July on a request for a possible conclusion of the lawsuit that led to her suspension. District Judge Sheila Stinson set a a hearing for July 19 on the request by Don Keenan, …

Continue reading »

Biofuels refineries rank close to oil refineries for polluting the air

  The biofuels plants we heard and read so much about in Iowa, Illinois and other corn-producing states might not be as helpful for the environment as supporters contend—at least based on a study by one environmental group. They might be emitting as many harmful polllutants as oil refineries. A new report by the Environmental Integrity …

Continue reading »

ONEOK wraps up $280 million acquisition of more southern pipelines

  ONEOK, Inc. announced that it has completed its acquisition of a system of natural gas liquids (NGL) pipelines from Houston’s Easton Energy for approximately $280 million. The sale was originally announced in May. “The closing of this strategic acquisition provides immediate earnings, expands our natural gas liquids asset portfolio and accelerates ONEOK’s ability to …

Continue reading »

Round two of OGE rate hike request coming Tuesday

  The opening round of the newly reduced rate hike request by Oklahoma Gas and Electric lasted only ten minutes Monday morning as a Corporation Commission Administrative Law Judge heard one public comment in person. ALJ Carly Ortel took  public comments on OG&E’s new rate hike request of $126.6 million, one reduced from the original …

Continue reading »

Energy briefs

** The U.S. is as many as 15 years behind China on developing high-tech nuclear power as Beijing’s state-backed technology approach and extensive financing give it the edge, a report said on Monday. China has 27 nuclear reactors under construction with average construction timelines of about seven years, far faster than other countries, said the study by …

Continue reading »