China’s continued coronavirus lockdowns and worries about the demand outlook sent crude prices tumbling nearly 6% on Monday. Oklahoma energy stocks felt the blow too. West Texas Intermediate crude dropped 6.1% or $6.68 to settle at $103.09 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude fell 5.7% or $6.45 to …
Mullin, Baird advocate for interests of rural broadband providers
Congressman Markwayne Mullin (OK-02) and Congressman Jim Baird (IN-04) led 16 bipartisan colleagues in sending a letter to the Federal Communications Commission (FCC), urging the Commission to examine the feasibility of collecting Universal Service Fund (USF) contributions from large internet edge providers. Mullin was joined by Oklahoma Reps. Kevin Hern and Tom Cole in …
Congressional hearings to focus on energy
Energy issues on Capitol Hill this week will result in congressional hearings featuring some Oklahoma congressmen. U.S. Sen. Jim Inhofe and others on the Senate Environment and Public Works Committee will hear from White House Council on Environmental Quality’s Brenda Mallory to discuss the council’s work in the past year. The oversight hearing will …
Annual meeting of OGE shareholders to be held this month
The annual meeting of shareholders of OG&E Energy Corp. will be held virtually over the internet on Thursday, May 19. The company announced this week the meeting will begin at 10 a.m. and also revealed the agenda: Elect 9 members of the board of directors 2. Ratify the appointment of Ernst & Young LLP as …
Oklahoma’s rural broadband to be expanded under new law
Oklahoma Gov. Kevin Stitt signed a bill to boost rural broadband connectivity in the state. He put his name to a bill that takes effect immediately reported KOKH News. Click here for KOKH News
KCC chairman voices opposition to stifling criticism from coalition
One Kansas energy regulator expressed concerns over a vote of the Kansas Corporation Commission to limit input from a business coalition on plans for an $85 million transmission line to Missouri. Click here for Kansas Reflector
Colorado makes another attempt at abandoned well cleanup
Colorado legislators hope to win approval of a series of bills aimed at doing something about orphaned oil and gas wells in the state. Click here for Denver 7 news.
Headlines of other energy stories
** The U.S. EPA prepares to enforce a rule requiring new natural gas power plants to capture and store carbon emissions, though climate and industry advocates say the technology isn’t ready for wide-scale deployment. ** The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, …
Drop in earnings reported by refinery operator Holly Energy Partners
Holly Energy Partners, L.P., owner and operator of refineries including one in Tulsa reported a first quarter 2022 decline in net income compared to a year ago. The Dallas-based firm said net income was $49.6 million or 45 cents a basic and diluted limited partner unit compared to $64.4 million and 61 cents a …
Tulsa drilling firm on the hunt for more investors
Tulsa’s Helmerich & Payne will be looking for more investors as company leadership takes part in two conferences this month. Company President and Chief Executive Officer John Lindsay will be joined by Mark Smith, Senior Vice President and Chief Financial Officer; Dave Wilson, Vice President of Investor Relations; and other members of H&P management in …