A federal investigation into Asian companies allegedly avoiding tariffs on solar panels as dried up the supply of solar panels in the U.S. and Colorado developers are complaining. The Colorado Sun reports some solar projects in the state are delayed into 2023 and developers are experiencing increased prices on the available panels. Click here …
Wildfire grows in Oklahoma Panhandle
A wildfire in the Oklahoma Panhandle had grown to more than 23,000 acres as of Friday, a fire that had already left two Balko firefighters injured when their firetruck overturned earlier in the week. The State Forestry Department labeled it the “Beaver River Fire” which started in Beaver County. On Tuesday, volunteer firefighters Jason …
OGE asks for rate hike to be approved by regulators
The Oklahoma Corporation Commission plans to begin hearing the request of Oklahoma Gas and Electric for a nearly 10% increase in the utility’s rates. The utility is seeking a nearly $163.5 million increase in order to recover increased business costs and infrastructure improvements made over the past 10 years. If approved by the Corporation …
Oilfield fatality reported near Blackwell, Oklahoma
Details remain unavailable but one worker was killed and another injured Wednesday in an oilfield incident near Blackwell, Oklahoma. Reports suggested a truck might have been blown over by high winds. The identity of the company was not available nor were other details. The Oklahoma Highway Patrol was reportedly investigating but a spokeswoman indicated …
Concerns over sanctions against Russia result in crude price drop
Crude oil prices settled even lower in Thursday’s trading on growing concerns that more sanctions against Russia over its war with Ukraine won’t work. Add to that, the concerns of the new wave of COVID-19 that resulted in more lockdowns in China. West Texas Intermediate crude fell 20 cents or 0.6% to finish at …
Oil executives can expect to go before other congressional committees
Democrats in Congress aren’t satisfied with the grilling they gave Devon Energy and other oil and gas industry representatives during a House hearing this week. Now leaders of other congressional committees want to pile on the oil companies in an attempt to blame them for high prices at the gasoline pumps. The U.S. Senate …
Inhofe couldn’t pin down EPA Administrator on methane tax
Oklahoma U.S. Sen. Jim Inhofe tried to pin down EPA Administrator Michael Regan this week on whether a methane tax pushed by the Biden administration would lower fuel prices in the U.S. but what he received were vague answers. The Senator questioned Regan during a hearing of the senate Environment and Public Works Committee …
Continental Resources to hold annual shareholders meeting May 19
The upcoming annual shareholders meeting by Continental Resources Inc. will be a virtual gathering on Thursday, May 19. The company filed a Proxy Statement with the Securities and Exchange Commission showing the planned agenda including the adoption of the 2022 Long-Term Incentive Plan, the ratification of the selection of independent auditors and the approval …
Enverus rig count shows drop nationally
The U.S. rig count was down by two week over week at 757 rigs as of April 6, according to Enverus Rig Analytics. But the Texas-based firm showed rig numbers were on the increase in the Anadarko Basin. Activity levels are down 0.3% in the last month and up 58% YOY. The count was …
Cushing’s crude stocks rebound
A new report by the U.S. Energy Information Administration shows the amount of crude oil in storage at the Cushing hub increased slightly in the past week. The most recent figure was from April 1 when Cushing held 25.9 million barrels of crude oil. It was an increase of 1.7 million barrels compared to …