The issue of when is an “audit” an “audit” at the Oklahoma Corporation Commission is back. A year after then-Corporation Commissioner Bob Anthony raised the issue regarding the agency’s reported one-page audit of the bond security cases following the 2021 Winter Storm Uri costs, it has been raised in a current Oklahoma Natural Gas rate …
Category: Oil & Gas
Empire Petroleum begins rights offering
Tulsa’s Empire Petroleum Corporation has launched its $5 million registered rights offering as it moves to raise money. In an SEC filing, the company said the offering includes $2.5 mililon to be received upon exercise of warrants. Under the terms of the rights offering, the Company will grant, at no charge, to each stockholder as of …
Where Oklahoma is losing some of its active oil and gas rigs
One of the largest and most active plays in Oklahoma, the Cana Woodford, experienced a loss of three active oil and gas rigs in the past week. It was part of the nation’s decline in rig activity for an 11th straight week. The latest Baker Hughes Rig Count showed the Cana dropped from …
Pennsylvania’s natural gas the focus of an AI summit in the state
Data centers and natural gas. We’ve emphasized their growth and the spreading demand across the U.S. for electricity, even in Oklahoma. The topics will be the subject Tuesday of a large “Energy and Innovation Summit” in Pennsylvania, the second-largest natural gas-producing state in the country after Texas. President Trump is expected to be …
Energy briefs
** The U.S. House Appropriations Committee releases proposed legislation that would slash funding for the Department of Energy’s office of Energy Efficiency and Renewable Energy by 46% and shift money toward nuclear, critical minerals, and fossil fuels. ** Texas industry associations and energy experts say Trump’s budget bill is “pulling the rug out” from under …
Former Deputy Attorney General joins OGE as Regulatory Attorney
After getting experience as the Attorney General’s top attorney in charge of regulatory affairs at the Oklahoma Corporation Commission, Chase Snodgrass has gone to work for Oklahoma Gas and Electric. As OK Energy Today reported in early July, Snodgrass, who joined the Attorney General’s office in February of 2023 and became a Deputy AG, …
Nation’s oil and gas rig count fell for the 11th straight week and Oklahoma was part of it
For the 11th consecutive week, the nation’s number of active oil and gas drilling rigs declined in the past week, reaching the lowest total since October 2021. The U.S. rig count fell by two to 537, reported Baker Hughes Co. on Friday. The decline included one oil rig, leaving 424 in service while …
Latest global worries sent crude oil up 2% on Friday
Friday saw crude oil prices gain 2% as the International Energy Agency described the market as “tighter.” Plus, trading was affected by tariffs and possible more sanctions against Russia. According to the IEA, demand is supported by peak summer refinery runs to meet travel and power generation. West Texas Intermediate crude finished up $1.88 …
Scott Mitchell talks energy with Jerry Bohnen—an interview with Sen. Lankford about the OBBB’s immediate impact on state energy
Scott Mitchell talks energy with Jerry Bohnen as they discussed what Oklahoma U.S. Sen. James Lankford revealed about President Trump’s One Big Beautiful Bill and its impact on Oklahoma’s energy industries. Lankford was interviewed by Bohnen about the OBBB. Read more
Crude oil took a 2% tumble on Thursday
The tariffs President Trump threatened this week on Brazil and also on on copper, semiconductors and pharmaceuticals sent crude oil prices falling 2% on Thursday. The White House also sent tariffs letters to the Philippines, Iraq and others and the result was a decline in oil prices. Global benchmark Brent crude dropped $1.55 or …