Category: Oil & Gas

Williams Cos. executive warns Senators of coming demand for electric grid power

  The Williams Company in Tulsa is alerting U.S. Senators that natural gas will be critical for any expansion of the nation’s electric power grids and the country cannot rely alone on renewable energy. Wind and solar can’t do it alone. Writing to Sen. Joe Manchin, chairman of the Senate Energy and Natural Resources committee, …

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Is Venezuela’s oil industry doomed to failure?

  Remember when Venezuela’s oil industry was considered a threat to production in Oklahoma, Texas and New Mexico? No more and world social and political observer Peter Zeihan says the only thing keeping the country afloat is the partial lifting of sanctions by the Biden administration. Even so, in one of his latest commentaries, he …

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OGE agrees to lower its $332 million rate hike request before Oklahoma regulators

The $332.54 million rate hike requested by Oklahoma Gas and Electric company and being considered by the Oklahoma Corporation Commission has been reduced but the impact on residential customers will still be another $13 more a month. In a filing with the Securities and Exchange Commission, OG&E indicated the initial filed request will be reduced …

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Geothermal power grid proposed by Energy Department

          The federal government wants to take advantage of the kind of geothermal research that the University of Oklahoma is doing in supplying heat to school buildings in Tuttle. The Department of Energy announced funding opportunity of up to $7 million to develop regional grid models to assess how clean, firm geothermal power …

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Energy briefs

** During a 2.5 hour hearing before Congress, Energy Secretary Jennifer Granholm maintained UFOs reported around nuclear plants were “drones” but she also admitted her department works with the Joint Special Operations Command, an admission that raised eyebrows. ** Federal regulators have authorized the Mountain Valley Pipeline to begin operating following years of controversy that …

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Optimism from Federal Reserve decision sends crude oil prices upward

Wednesday was another day of positive movement for crude oil prices as they recorded gains, largely on the continued tensions in the Middle East and news that the Federal Reserve might resume interest rate cuts in December. While the Fed said rates would hold the same for now, it also indicated there could be lower …

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Crude oil stocks climb nationally but fall at Cushing Hub

  In a twist, the amount of crude oil in stock at the Cushing Hub in Oklahoma fell by 1.6 million barrels in the past week while nationally, there was an increase of nearly 4 million barrels. According to the U.S. Energy Information Administration, Cushing held 33.8 million barrels as of June 7, a drop …

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ONE Gas subsidiary Kansas Gas Service goes before Kansas regulators with rate hike request

  While Oklahoma Natural Gas recently went before the Oklahoma Corporation Commisson with a nearly $32 million rate revenue increase, a sister company, Kansas Gas Service is before the Kansas Corporation Commission on Thursday. Both are among the subsidiaries of ONE Gas and in the case of Kansas Gas Service, it is before the KCC …

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Chesapeake merger makes sense based on latest IEA natural gas forecast

  There’s a big reason why Oklahoma City’s Chesapeake Energy pulled off the pending $7.4 billion merger with Southwestern Energy company of Houston earlier this year. It will allow the firm to drill even more in some of the most prolific natural gas regions in the country. The move will allow Chesapeake to invest even …

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Gasoline prices bounce back up in Oklahoma

    The latest AAA map of Oklahoma reflecting gasoline prices shows the state is bleeding red—from one end to the other. Sixteen counties with average prices of more than $3 a gallon are highlighted in red. Coal County in the southeast with $3.50 a gallon is highest followed by Greer County in the southwest …

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