A combination of soft Chinese demand and extended supply cuts by OPEC+ led to a Friday drop of 1% in crude oil prices. Natural gas closed down again. West Texas Intermediate crude finished down 92 cents or 1.2% at $78.01 per barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, closed down …
Category: General
Utilities impersonator reported in OKC
The Oklahoma City Utilities Department has been made aware that a person impersonating an Oklahoma City Utilities worker is knocking on doors in a residential neighborhood in an attempt to get into homes. The city issued an alert on Friday saying reports of the impersonator have been in Oklahoma City’s Chisholm Crossing neighborhood. Per reports, …
Congressman criticizes SEC’s move into climate regulation
Oklahoma Congressman Frank Lucas is critical of the recent move by the SEC to become a climate regulator. He’s referring to the Securities and Exchange Commission’s vote for a climate disclosure rule that will affect major companies across the country—forcing them to reveal the impact of their operations on the climate. In …
Bill relating to Oklahoma Open Meetings Act unanimously passes state House
Oklahoma State House members raised few questions about a bill addressing delayed public records requests made with a government agency or body. Rep. Annie Menz, Democrat from Norman filed HB2730 and it received unanimous approval on Thursday in the House. The vote was 85-0. HB2730 relates to the Oklahoma Open Meetings Act, which …
Devon wins right to take $100 million royalty lawsuit to federal court in Texas
Devon Energy has won a ruling from the U.S. Fifth Circuit Court of Appeals in New Orleans after being sued by 214 plaintiffs who had claimed the Oklahoma City energy company had uderpaid them by more than $100 million in oil-and-gas royalties. The suit was filed against Devon Energy Production Company, L.P. in a …
Food Bank in OKC goes solar power
The Oklahoma City-based Regional Food Bank recently finished construction of a $1.6 million project to get some of its electricity from solar power. Bank officials estimate it will result in millions of dollars in utility costs, equating to millions of meals, reported KOCO TV News. Click here for KOCO TV News
Energy quick reads
** The Senate has passed legislation that would expand and extend compensation for victims of U.S. nuclear testing — but it faces uncertain prospects going forward. It would revive legislation that is set to expire in June that compensates Americans exposed to radiation byWorld War II-era nuclear testing and Cold War-era uranium mining. ** The CEO of Rivian …
Natural gas prices went into the minus column at one trading hub
Just how much have natural gas prices fallen? According to a weekly update from the U.S. Energy Information Administration, the price at the Waha Hub in West Texas dropped 22 cents this week. It fell from 43 cents MMBtu last Wednesday to 21 cents per MMBtu as of Wednesday of this week. The Waha …
Little change in Thursday’s crude oil prices but natural gas dropped again
Thursday’s trading brought little price changes for crude oil but natural gas took another big drop. Crude prices stayed mostly the same as new economic data from China was being studied by investors. West Texas Intermediate crude fell 20 cents a barrel and closed at $78.93 on the New York Mercantile Exchange. Brent crude, …
Corporation Commissioner says House Bill slams lid shut on openness of agency
Oklahoma Corporation Commissioner Bob Anthony came out this week blasting House Bill 2367 saying Oklahoma needs more transparency and not less in its handling of state business. In an opinion piece, the Commissioner also said the Corporation Commission should fall under more scrutiny for its actions, as displayed for how it handled the bond issues …