Oklahoma City’s legal challenge of the Oklahoma Corporation Commission decision that allowed OG&E not to collect franchise fees on its winter storm securitization charges has been joined by the Oklahoma Municipal League. The OML filed in late October a challenge to the Corporation Commission’s decision stating that the Commission acted outside of its jurisdiction …
Category: General
J.B. Hunt trucking firm sets 32% emissions reduction target
The J.B. Hunt trucking company announced a new goal to reduce its carbon emission intensity 32% by 2034. Considered one of the largest supply chain solutions providers in North America,, the Lowell, Arkansas-based firm stated it would focus on three key areas to reach its target. Incorporating alternative powered equipment into its fleet Expanding …
Layoffs made at Phillips 66 operations in Bartlesville and Ponca City
Oklahoma operations of Phillips 66 are among those where workers have been laid off as the company moves forward with plans to meet 2022 cost savings of $500 million. Reuters indicated some of the layoffs happened at the company’s Ponca City refinery. The company did not reveal how many workers were let go. “These …
Rep. Cole says no doubt the country is in a recession
In a column to his constituents, Oklahoma Republican Congressman Tom Cole says that by all appearances, economic challenges are not going away under the Biden administration. Fresh off his re-election victory last week, Cole said the country’s economic and inflationary troubles “are not yet in the rearview mirror.” He still thinks the U.S. economy …
Continental must fend off lawsuits over Harold Hamm’s private takeover
While billionaire Harold Hamm makes progress on his agreed takeover of Continental Resources, the Oklahoma City company still faces lawsuits challenging the move. One of those suits was updated in recent days. In a filing last week with the Securities Exchange Commission, Continental revealed it had recently reached a Term Loan Agreement totaling $750 …
Judge rules against BLM over delayed investigation of Colorado mining
A federal judge in Colorado has issued a ruling against the Bureau of Land Management, agreeing with those who contended the BLM had delayed a investigation for years into alleged illegal mining near Glenwood Springs. Click here for Out There Colorado
Headlines of other energy stories
** U.S. President Joe Biden on Monday announced a number of investments in Indonesia spanning areas like climate and food security, including a $2.5 billion agreement between ExxonMobil and state-owned energy company Pertamina on carbon capture. ** The Environmental Protection Agency issued a revised version of its proposed methane rule Friday that would impose tougher measures …
Chevron targets Colorado’s abandoned wells for cleanup
Chevron is apparently making an earnest attempt to solving Colorado’s abandoned well problem. The company has a reported 16 “workover rigs” doing well removal and much of the effort is being made in northern Colorado, the state’s biggest oil producing region according to a report by Reuters. Click here for Reuters the land to its …
What EPA’s latest methane proposal would mean to New Mexico
New Mexico leaders admit the EPA’s newly-announced methane rule would have a tough impact on their state’s oil and gas industry. The revised version of the EPA’s proposed methane rule was announced last week in Egypt where President Biden spoke about the U.S. increasing its efforts to reduce carbon emissions. New Mexico officials discussed …
Regulators fail to reach a decision on more OGE costs to consumers
The request by Oklahoma Gas and Electric for increased fuel cost adjustment charges is in limbo after Oklahoma Corporation Commissioners failed Thursday to take a vote on the issue. Commissioners could not agree on how to spread out the costs to consumers. Commissioner Dana Murphy preferred a 36-month plan while Commissioner Todd Hiett supported …