A bill in the Oklahoma legislature to end housing restrictions against residential solar panels is still alive. HB1023 by Ardmore Rep. Tammy Townley was assigned to the House Utilities Committee which has yet to consider the measure. As OK Energy Today reported earlier in February, Townley’s bill was fashioned after a bill passed in …
Category: General
Energy briefs
** House Republicans are launching an investigation into the Department of Transportation’s response to the Norfolk Southern train derailment in East Palestine, Ohio, accusing Transportation Secretary Pete Buttigieg of being too slow to get involved. ** Multiple energy experts blasted Vice President Kamala Harris after she claimed that the Biden administration has successfully reduced home …
Is contaminated water from Palestine derailment fire coming through Oklahoma?
Leaders of a small town near Houston learned this week that the water used to battle the blaze at the Ohio train derailment is being sent to a company in their town. Whether it’s coming through Oklahoma is unclear yet. They only learned of the matter through the press and were not notified by …
Solar and wind projects—waiting to join the grid
The development of more wind and solar power projects in the U.S. has been so great, there is a major obstacle for them….they can’t join the electric grids. More than 8,100 such projects waited for permission to connect to electric grids at the end of 2021 reported The New York Times. Click here for …
2022 earnings drop for OGE Energy Corp. but not OGE
OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company reported a drop in earnings per share in 2022 compared to the previous year, but OG&E saw earnings growth for the year. Earnings for OGE Energy Corp were $3.32 per diluted share for 2022, down from the $3.68 reported for 2021. Its …
Crude oil in storage at Cushing hub continues to grow
As U.S. crude oil production makes gains, so is the amount of crude in storage at Oklahoma’s Cushing hub. The latest information from the U.S. Energy Information Administration showed Cushing held 40.4 million barrels of oil as of February 17, 2023. A year ago, the hub maintained only 23.8 million barrels. The increase to …
Crude oil prices gained 2% and OK energy stocks scored well too
Thursday’s trading resulted in a turn-around for crude oil prices as they settled up 2% on growing worries of steep cuts to Russian oil production in March. As a result, Oklahoma energy stocks also recorded significant gains for the day. West Texas Intermediate crude rose $1.44 per barrel or 2% to settle at $75.39 …
US rig count increased while Anadarko Basin reported drop in numbers
The rig count in the Anadarko Basin slipped in the past week while others across the U.S. made gains according to the latest Enverus Data release. Enverus said the Anadarko Basin shed one rig to hit 67 running. The U.S. rig count reached 856 during the week ended Feb. 22, rising by 11 …
Prevention of natural gas bans taken up by New Mexico legislature
New Mexico legislators are leaning toward adopting a bill similar to what Oklahoma did a few years ago—the prevention of local governments from creating natural gas bans. A bill to stop such action by local governments to restrict the types of fuels provided to residents won recent approval in a New Mexico House Energy, …
Report says Oklahoma is still among lowest states when it comes to average utility bills
A new national real estate report shows Oklahoma is among the ten lowest states in the U.S. when it comes to utility bills even with increases built into winter securitization steps taken by major utilities. TNRealEstate released a list of states with the least expensive energy bills and those with the highest. Oklahoma ranked 10th …