Oklahoma Corporation Commissioners will meet Monday to consider a surprise reduction of a $332 million rate hike initially requested by Oklahoma Gas and Electric Co. down to nearly $127 million. What was surprising in the move to slash the rate hike request by nearly half was that the agreement the utility reached with a …
The same day that Oklahoma Corporation Commissioners consider Oklahoma Gas and Electric’s reduced rate hike request, from $332 million to $126 million, it’s clear who the utility’s top executives are backing in the primary election for Corporation Commission. Campaign contribution records on file with the Oklahoma Ethics Commission show 16 OG&E executives and …
Kansas Gas Service, a subsidiary of Oklahoma-based ONE Gas, has run into strong opposition from ratepayers in its request for a rate hike that would tack on another $7 –$10 a month, depending on usage. The company wants Kansas Corporation Commission to approve its request for an increase in base rates of $58.1 …
** Oil lobbyist groups American Petroleum Institute, American Fuel & Petrochemical Manufacturers and the Texas Oil & Gas Association have filed suit over the Biden administration’s efforts to move the country to electric vehicles. They’re challenging the EPA rule to shift new car sales to EVs. ** More than 1,000 diesel-powered cargo trucks — which …
In a nearly $1.3 billion deal, Tallgrass Energy LP of Kansas City has acquired final ownership of the Phillips 66 Rockies Express Pipeline. The sale involved the 25% interest still owned by Phillips 66. Tallgrass had been the majority owner of one of the line, considered one of the largest US natural pipelines. The closing …
Following a developing decline of oil and gas rig activity across the U.S., the number of active rigs in Oklahoma fell again in the past week. Oklahoma’s count of 37 was down one from the previous week and compared to 42 oil and gas rigs reported one year ago, based on the rig report …
Results of Mammoth Energy Services, Inc.’s recent annual meeting of stockholders were revealed Friday in a filing with the SEC. The meeting was held two days earlier in Oklahoma City and four proposals were decided. Arthur Amron, Corey Booker, Paul Jacobi, James Palm, Arthur Smith and Arty Straehla were elected to continue to serve as …
Friday saw crude oil prices settle lower but still recording a gain for the week. What prompted the drop? Observers suggested it was in reaction to a survey showing deteriorating U.S. consumer sentiment. Still, for the week, crude oil prices finished 4% higher. It was their highest weekly gain since April. West Texas Intermediate crude …
Crude oil prices made a slight gain in Thursday’s trading but Oklahoma energy stocks suffered with some firms losing 6% and 7% for the day. What prompted the small gain for crude oil was an OPEC forecast for demand growth along with information showing an easing of the labor market in the U.S. Combine that …
Baker Hughes in Oklahoma City and its research into hydrogen technology that converts waste to clean energy has been named one of six projects to receive approximately $9.3 million in funding from the U.S. Department of Energy. The DOE’s Office of Fossil Energy and Carbon Management announced the federal funding to develop cutting-edge technology …
