Just because reports indicate electricity prices in Oklahoma have climbed faster than more than 30 other states nationwide doesn’t mean electricity rates have risen so dramatically. Recent stories by News 9 and Fox 25 in Oklahoma City quoted a report from the U.S. Energy Information Administration which ranked Oklahoma 18th highest compared to a year …
Category: General
Rig activity declines nationally reports Enverus
Only one of the six oil and gas plays in the U.S. saw a gain of rigs in the past week according to the weekly count released by Enverus Foundations. The D-J Basin in Colorado and southern Wyoming saw a gain. The Anadarko Basin which includes Oklahoma, saw a reported decline of three while …
Another OGE rate hike approved by Oklahoma regulators but it’s not appreciated by all
The reactions to the Oklahoma Corporation Commission’s 3-0 vote Thursday to a nearly 2% rate hike for Oklahoma Gas and Electric Company are not surprising. With little questioning, Commissioners voted to allow OG&E to increase its base rates 1.9%, a move that will increase an average residential customer’s monthly bill by $2.07. It was …
Inhofe’s Senate hearing questions targeted EPA overregulation
Oklahoma U.S. Sen. Jim Inhofe (R-Okla.) used his questions during a Senate committee hearing this week to target the Environmental Protection Agency and its attempt to increase regulations on livestock and hot-rod drag racing. It was Wednesday when the Senate Environment and Public Works Committee held a “Legislative Hearing to Examine the RPM Act, …
Energy group to challenge federal judge’s ruling against oil and gas leases
At least one oil and gas group plans to appeal a Wyoming federal judge’s decision that ordered a reconsideration of the government’s oil and gas leases in Montana and North Dakota—an order that was a settlement in a lawsuit brought by environmental groups. The Western Energy Alliance indicated it will challenge the ruling “based …
Tax revenues set August records in Oklahoma
With another strong boost from the state’s oil and gas industry, the amount of money that flowed into the Oklahoma treasury in August was record-setting said State Treasurer Randy McDaniel. In an announcement this week, McDaniel said the records are signs of a robust Oklahoma economy. August gross receipts set record highs for: • Twelve-month …
Williams acquires Dallas-Fort Worth natural gas lines and storage facilities
Tulsa-based Williams announced Thursday it acquired the north-Texas based NorTex Midstream in a $423 million deal. NorTex was an affiliate of Tailwater Capital and the acquisition, according to the announcement closed on August 31. The acquisition included 80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort …
Kansas City car show to allow drives in EVs
This weekend’s Kansas City International Auto Show will see a heavy emphasis on electric vehicles. A report in the Kansas City Star explained that interested drivers will be able to take short drives in the EVs. Click here for Star
Existing oil and gas leases to be reconsidered in North Dakota and Montana
Some of the government leases held in western North Dakota by oil and gas operators out of Oklahoma could be among those the federal government plans to reconsider as part of a settlement agreement with environmental groups. More than 100 such oil and gas leases in North Dakota and eastern Montana will be reconsidered …
Headlines of other energy stories
** A record heat wave put California in a fossil fuel conundrum: The state has had to rely more heavily on natural gas to produce electricity and avoid power outages while Gov. Gavin Newsom’s administration moves toward ending the use of oil and gas. ** When power was lost at a Los Angeles TV station amidst …