A new survey by the U.S. Energy Information Administration found that operators of utility-scale batteries across the nation tend to use them for price arbitrage….a method of buying electricity when prices are low and selling it when prices are high. It’s what the EIA found in its annual survey of power plant activity, …
Coterra announces retirement and appointment of a replacement
Coterra Energy Inc. announced the retirement of one executive officer and the naming of a new one. In the announcement, the oil and gas company said effective September 22, the firm had appointed Gregory F. Conaway, 50, as Vice President and Chief Accounting Officer and as an executive officer of the company. He joined …
Need for speed urged by CEO at Williams Cos.
In the latest Williams Newsletter, company CEO Chad Zamarin’s recent call for the “need for speed” in providing more energy to the nation was highlighted. The world is quickly recognizing that natural gas is the backbone of reliable, affordable and cleaner energy, CEO Chad Zamarin told analysts after the release of the company’s …
PSO seeks regulators’ approval of $1.2 billion in energy projects
Public Service Company of Oklahoma made recent regulatory filings seeking preapproval of more than $1.2 billion in energy projects that could mean higher consumer electric rates or more than $10 extra a month, if approved by Corporation Commissioners. “New loads, mostly from commercial and industrial customers, are driving the increase in demand for …
Southwest Oklahoma rainfall—enough to erase drought?
Southwest Oklahoma finally got some rain over the weekend. But as Oklahoma Climatologist Gary McManus with the Oklahoma Mesonet explained….the question is whether it was enough to “erase their burgeoning (English to Okie translation: “growing”) drought woes, but it will sure stop them from intensifying for awhile.”
Construction underway on first LNG plant approved by Trump administration
Louisiana already has four liquefied natural gas operations, the most of any state in the country. It’s about to grow to five plants after this week’s groundbreaking for Woodside Energy’s $17.5 billion production and export facility, best known as “Louisiana LNG.” It represents the largest foreign direct investment in state history. The plant …
Energy briefs (Thursday)
** Connecticut’s top utility regulator announces her resignation after months of dealing with accusations from Republican legislators and utilities that she was too controlling and responsible for rising power prices in the state. ** North Dakota’s attorney general considers legal options the state might have against South Dakota for banning the use of eminent domain …
Oversupply concerns sent crude prices falling Monday
Crude oil prices dropped on Monday, in part because of the continued concerns focused on an oversupply of oil across the globe. Those concerns are not likely to recede unless, in the opinion of some experts, the U.S. and Europe reach an agreement on tougher tariffs on countries that continue buying Russian crude oil. …
Lexington wins $1.5M wastewater loan forgiveness
Investment strengthens Lexington’s infrastructure Sen. Kendal Sacchieri, R-Blanchard, praised the $1.5 million wastewater system loan with full principal forgiveness awarded to the Lexington Public Works Authority by the Oklahoma Water Resources Board (OWRB). The project will allow Lexington to conduct a citywide sanitary sewer evaluation survey (SSES). This work will address water quality concerns, …
Wastewater rules lead to calls for New Mexico Environmental Secretary to resign
New Mexico Environment Department Secretary James Kenney is under fire to resign because environmentalists didn’t like his plan to allow treated oil and gas wastewater to be reused. Dozens rallied recently outside his agency’s headquarters in Santa Fe and called for him to step down amidst the continuing fight over treated wastewater. Environmentalists pressed …