Oklahoma regulators will take up the request of Oklahoma Natural Gas for securitization of its extreme costs stemming from the February 2021 winter storm. The matter was continued last week and Corporation Commissioners will meet at 2:30 p.m. to possibly vote on the request. ONG asked for the use of ratepayer-backed bonds to cover …
Category: General
OK Supreme Court to air OGE storm cost hearing as more protests are filed
The Oklahoma Supreme Court has decided to live stream the public hearing Wednesday of a move by Oklahoma Gas and Electric to use up to $800 million in state bonds to cover its February 2021 storm costs. In a filing Monday, Chief Justice Richard Darby announced that the approaching referee hearing would be live-streamed …
NGL’s quarterly results coming in a few weeks
NGL Energy Partners plans to issue its fiscal 2022 third quarter financial results early in February. The Tulsa-based company announced it will release the earnings report after the close of markets on Wednesday, February 9, 2022. Members of NGL’s management team intend to host an earnings call following this release on Wednesday, February 9, …
Oklahoma utilities face push for more storm cost transparency
A division of the Oklahoma Corporation Commission is moving ahead with a request of regulators to require five major utilities in Oklahoma to reveal more details about their February 2021 storm costs. It is considered a move to make the utilities more transparent in what they are asking of the commission. The Public Utilities …
Grain Belt Transmission line process works eastward
The company behind a proposed wind powered electrical transmission line stretching from southwest Kansas to the East Coast has started the regulatory effort in Illinois. Invenergy transmission, LLC has gone before the Illinois Commerce Commission for the proposed Grain Belt Expressway transmission line reported WLDS Radio in Illinois. Click here for WLDS …
Black Rock blackballed in Virginia over greenhouse gas efforts
The movement hasn’t hit Oklahoma yet, but BlackRock, the world’s largest asset manager with nearly $10 trillion under its management and a major player in Oklahoma energy projects is targeted by West Virginia for its greenhouse gas emissions reduction efforts. State treasurer Riley Moore recently told Fox News that investing in BlackRock would be “a …
Experts suspect wastewater disposal wells are behind earthquakes in central Kansas
Oil and gas drilling operations—namely the disposal of wastewater through disposal wells are being blamed for an increase in earthquakes around Salina, Kansas, the city that sits squarely in the middle of the state along Interstate 70. Earthquakes have been on the increase over the past few months. The Salina Journal reported the county …
Cash distribution announced by Holly Energy Partners
Refinery operator Holly Energy Partners, L.P. declared a cash distribution of $0.35 per unit for the fourth quarter of 2021. The distribution will be paid on February 11, 2022 to unitholders of record on February 1, 2022. In 2022, HEP expects to hold the quarterly distribution constant at $0.35 per unit, or $1.40 on an …
Settlement made over 2015 King Gold Mine spill in Colorado
An agreement has been reached by the state of Colorado, the federal government and a gold mining company over the 2015 spill of hazardous mine waste that polluted rivers in three states and the Navajo Nation. Click here for Associated Press
Grady County wells successful for Gulfport Energy
Oklahoma City-based Gulfport Midcon LLC reports completion on two Grady County wells in 2021 with combined production of more than 1,400 barrels of oil a day from a single pad. The two wells, with origination dating back to 2019 and 2020 were also large gas wells. The Frick 1-23x14h and the Frick 2-23x14h, located at 26 4N …