The AARP in Oklahoma has come out again in its fight against OGE’s $750 million rate hike request. In its latest release, the American Association of Retired Persons called the utility’s request an “attempt to pass along $750 million worth of its mistakes” to customers for decades to come. The consumer group called on …
Category: Oil & Gas
Lankford, Manchin to consider possible new FERC member
Two more energy nominees from President Biden go before Oklahoma U.S. Sen. James Lankford and others on the Senate Energy and Natural Resources Committee this week. Lankford and the others on the committee led by West Virginia Democratic Sen. Joe Manchin will hearing from Willie L. Phillips, Jr. who was nominated to sit on …
Oklahoma among top “forever” chemicals site
An Environmental Protection Agency list of locations in the U.S. that are sites of toxic “forever chemicals” reportedly identified Oklahoma as one of the top three states in the country. Oklahoma has an estimated nearly 12,000 such sites behind California with 13,000 and Colorado with nearly 21,400 such facilities and sites. The list of …
Newfield wins royalty fight in North Dakota
A District judge in North Dakota has sided with Houston’s Newfield Exploration in its 2018 lawsuit against the state in a fight over oil and natural gas royalties. Northwest District Court Judge Robin Schmidt ruled against the state which argued after a 2016 audit that Newfield still owed the state millions of dollars in …
Annual U.S. coal-fired electricity generation will increase for the first time since 2014
Despite the efforts of the Biden administration and environmentalists to kill the coal industry, the government issued a report on Monday saying it expects 22% more U.S. coal-fired generation this year than in 2014. The U.S. Energy Information Administration said the electric power sector has been generating more electricity from coal-fired power plants this …
Other energy stories in brief
** OPEC and its allies once again failed to pump enough oil to meet their output targets, exacerbating the supply deficit as the world recovers from the coronavirus pandemic. ** A new Canadian railroad venture is sparking a significant increase of 15 to 20 oil trains that run through Minnesota each month. Canadian Pacific Railway’s specialized new …
Permian International Oil Show underway
Less than a week after the Oklahoma Oil & Gas Expo was held in Oklahoma City, those in the industry might be attending the Permian Basin International Oil Show in Odessa, Texas. The 3-day show begins Tuesday, October 19 and returns after a one-year hiatus. The Odessa American reports 750 exhibitors will be on …
US crude prices hold at $82 a barrel—Brent’s closer to $85
Crude oil prices made more significant gains on Friday reaching more than $82 a barrel in the U.S. and close to $85 a barrel in Europe. The question for investors is—will the march toward higher prices continue this week? Will the prices hold as worldwide demand grows. Rig numbers have apparently responded accordingly as …
Mullin—Biden’s energy policies are hurting America
Oklahoma congressman Markwayne Mullin is reminding President Biden to put America first when it comes to its energy industry. He and 145 Republican Representatives wrote the President this week urging him to reverse his anti-American agenda and put the best interest of our country and economy first. Oklahoma Reps. Tom Cole, Kevin Hern and …
Rig numbers grow in Oklahoma and across the US
Oklahoma’s rig activity grew even more in the past week according to the latest service report from Baker Hughes which showed the state’s rig count increased by two to 43. A year ago, there were only 14 drilling rigs active in the state. The latest Baker Hughes rig count showed a nationwide increase of …