Four years after the Hot Springs, Arkansas Convention Center cried foul about a $238,000 monthly gas bill during the 2021 winter storm Yuri, the state’s attorney general concluded it was not price gouging. He cleared a gas supplier who remains accused of gouging Oklahoa utilities in the same storm. The Hot Springs Advertising and …
Category: General
Energy is missing from goals of House Democrats
Oklahoma House Democrats came out this week with their legislative agenda and one thing absent was any reference or mention of energy issues. No mention of oil and gas, drilling, natural gas, fighting eminent domain, the Corporation Commission, or electrical transmission lines. Instead, the Democrats identified other topics of concern. Democratic leader Rep. Cyndi Munson …
US crude stocks make big gain in past week
The nation’s crude oil stocks surged in the most reporting period, jumping nearly 9 million barrels. Crude held at Oklahoma’s Cushing Hub declined a small amount. The latest report from the U.S. Energy Information Administration update showed as of January 31, the nation’s total in crude oil was 423.8 million barrels, up 8.7 million …
Legislators take first look at reducing gross production tax on oil
Two of the tax measures to be considered by a state House subcommittee this week deal with energy, including one calling for a reduction in the gross production tax on oil production. Another bill by Rep. Brad Boles, HB1372, would reduce the gross production tax on recovery wells that are on the state corporation …
Gross production revenue grew in January in Oklahoma
State tax revenue from Oklahoma’s oil and gas production saw a gain of more than 6% in January, according to the latest tax receipt report from the State Treasurer. Gross Production Tax revenue totaled $84 million which was a gain of $4.8 million or 6.1% over the previous month. Overall tax receipts for …
Energy briefs
** President Trump wants to increase drilling to lower oil prices, but producers are hesitant. Sources told The Wall Street Journal that White House advisers recognize this and don’t expect the US shale industry to increase output. Corporate leaders have hinted as much in recent earnings commentary, cautioning not to expect a major drilling ramp-up. ** President Donald …
Group wants Governor to put moratorium on green energy in the state
A northern Oklahoma landowners group is calling on Oklahoma Gov. Kevin Stitt to adopt an immediate emergency moratorium on green energy projects in the state. In a letter to the governor, leaders of the Garfield County Conservation Coalition questioned why he is “contrary to President Trump’s stance on so called “green energy.” They openly …
USDA makes $1.4 billion investment in south Texas power plant
A South Texas electric cooperative received more than $1 billion from the USDA to switch its electrical power production to battery and solar energy. The San Miguel Electric Cooperative received $1.4 billion investment to power 47 counties using renewable energy. The Agriculture Department said the wind and solar power production will have the environmental …
Former CEO named to Interior Department post
The former CEO of the Workforce & Technology COuncil, Leslie Beyer has been appointed to be part of the Trump administration in the job of Assistant Secretary of Land and Minerals Management at the U.S. Department of the Interior. Beyer led the Council from 2014 to 2023 and is considered to have played a …
Watershed bill wins state House Committee approval
Rep. Mike Dobrinski, R-Okeene led approval Tuesday of a measure in committee to expand a program to eradicate harmful trees and shrubs in certain watersheds statewide. House Bill 2162 would create the Terry Peach Watershed Restoration Act. The act would build on House Bill 2239 enacted in 2023, which created a pilot program focused on the North …