Former Broken Arrow legislator Mike Ritze has filed a challenge to a utility seeking millions of dollars in storm relief through the ratepayer backed-bond process called securitization. Ritze filed a challenge to the $1,450,000,000 in ratepayer-backed bonds sought by Oklahoma Natural Gas Company through the Oklahoma Development Finance Authority. The request was filed in …
Rep. Mullin told the President he and his socialist agenda are to blame for the energy crisis
Oklahoma Congressman Markwayne Mullin suggests President Biden has forgotten the reason the Strategic Petroleum Reserve was created. And he told him so in a direct letter mailed April 8. He wrote the President this week urging him to reconsider releasing more oil from the SPR and bluntly told him his release of more crude …
Rig counts increased in Oklahoma and US in past week
The latest Baker Hughes rig count shows Oklahoma’s numbers increased by one to reach a total of 50 active rigs in the state while nationally, numbers jumped 16 to reach a total of 689. The latest count included an increase of oil rigs by 13 to reach 546 and the number of gas rigs …
Ogallala Aquifer dropped 12+ inches in 2021
A recent study found that the Ogallala Aquifer, the underground source of water that runs through the Oklahoma Panhandle dropped more than a foot in 2021. The impact was especially felt in western Kansas according to the Topeka Capital-Journal. Click here for Topeka Capital Journal
Headlines of other energy stories
** The Senate and House cleared bills on Thursday to revoke normal trade relations with Russia and ban oil imports from the country, a one-two punch that caps three weeks of negotiations over legislation to further isolate Moscow. ** Sen. Joe Manchin of West Virginia raised fresh concerns this week about phasing out gas-powered cars in …
New Mexico’s abandoned wells are growing
An environmental group based in Albuquerque maintains the number of abandoned oil and gas wells in New Mexico’s Permian Basin in the southeast and the San Juan Basin in the northwest is growing. The group conducted an audit which identified nearly 6,000 such abandoned wells in the state and about 2,600 are on federal …
Ovintiv sets 1Q financial release date
A first quarter financial earnings report will be released by Ovintiv on Monday, May 9. The company announced it intends to hold a conference call the next day, Tuesday May 10 at 8 a.m. Central Time. The initial release of the financial earnings will be made after the close of markets on Monday. Fourth …
Oil and Gas executive named to OSU A and M Board of Regents
An executive with oil and gas experience was named by Oklahoma Gov. Kevin Stitt to the OSU/A&M Board of Regents. The governor named Cary Baetz of the Berry Corporation in the past week, praising Baetz. “Simply put, Cary Baetz gets things done,” said Gov. Stitt. “He is passionate about Oklahoma State University and his strategic executive …
EPA denies 36 refinery biofuel waivers
The EPA has denied three dozen requests from small refineries for exemptions from biofuels blending requirements for gasoline, a move that stems from the controversial Tenth U.S. Circuit Court of Appeals 2018 ruling that extended the authority for the agency to carry out the denials. It was a ruling involving at least one Oklahoma …
Tesla turns out first Austin EV
In a stunning completion of his plant in Austin, Texas, Tesla leader Elon Musk delivered the first Texas-made electric vehicle on Thursday. He used the event, known as the “Cyber Rodeo,” to also hint at more products to come, including a dedicated robotaxi reported the Wall Street Journal. An estimated 15,000 people had been …