The Texas developer wanting to build a hydroelectric power plant on southeast Oklahoma’s Kiamichi River, a project opposed by tribal and state leaders, was rejected a fourth time this past week by federal regulators. Johann Tse of the Southeast Oklahoma Power Corporation located in Dallas and the man behind the proposed Pushmataha County project was …
ONE Gas, Inc. says it will hold its 2025 annual meeting of shareholders as a cirtual meeting in May. The date will be Thursday, May 22 and the meeting will begin at 9 a.m. central daylight time. The meeting will also be audio webcast on the ONE Gas website, www.onegas.com. The record date for …
The strife in the Middle East and a poptential peace settlement in Ukraine sent crude oil prices tumbling more than $2 a barrel on Friday and Oklahoma energy stocks followed suit. Investors also considered the growth of U.S. crude oil stockpiles in what sent prices downward. West Texas Intermediate crude dropped $2.08 or 2.87% …
House Bill 1939, authored by Rep. Danny Sterling, R-Tecumseh, passed the Transportation Committee. The bill is a legislative initiative that aims to increase transparency, collaboration and accountability in the Oklahoma Turnpike Authority’s (OTA) decision-making processes. The bill also seeks to ensure that turnpike projects undergo thorough studies and extensive public engagement before implementation. HB1939 …
** ConocoPhillips announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to Shell Offshore Inc. and Shell Pipeline Company LP, subsidiaries of Shell plc, for $735 million subject to customary closing adjustments. The transaction also includes an overriding royalty interest in …
The more than 1.5 million miles of natural gas pipelines in Missouri were taken over by federal regulators last month and the reason is because state regulators weren’t assessing high-enough fines for violations. The Pipeline and Hazardous Materials Safety Administration had warned Missouri its fines were too low. However, the only way fines could …
Sen. Mark Mann, D-Oklahoma City, won unanimous, bipartisan support from the Senate Retirement and Government Resources Committee for legislation to help storm trackers travel Oklahoma roads and highways more safely during severe weather. Senate Bill 158 would allow storm trackers employed by FCC licensed radio or TV stations or employees from universities with …
Crude oil prices made gains on Thursday following the release of government data showing gasoline and distillate drawdowns in the U.S. Plus, there was the continuing worry among traders about Russia, Ukraine and supply disruptions. Gains occurred even after U.S. crude oil stockpiles increased more than expected. West Texas Intermediate crude in the U.S. …
Crude oil stocks increased in the past week at Oklahoma’s Cushing Hub and across the U.S. according to a government report issued Thursday. The U.S. Energy Information Administration reported the Cushing Hub saw an increase of 1.5 million barrels of oil. On Feb. 7, it maintained 21.8 million barrels but the total increased to …
Four bills dealing with transmission lines, competitive bidding, and eminent domain won approval Thursday at the urging of Faxon state Rep. Trey Caldwell during a meeting of the Oklahoma House Utilities Committee. HB2747, a bill Caldwell spent three years creating and one focusing on public utilities in the construction of electrical transmission lines, was …
