While Oklahoma regulators prepared to consider a statewide EV charging station plan, their counterparts in Kansas gave the go-ahead to Evergy over its proposed expanded charging station network. The Topeka Capital Journal reported the plan to promote electric vehicles in Kansas won pre-approval at a cost to ratepayers. Evergy’s transportation electrification portfolio is highlighted …
Wednesday energy news headlines
** Halliburton CEO Jeff Miller told the World Petroleum Congress this week in Houston that oil, gas underinvestment is bringing about period of market scarcity. ** Despite the company’s good year so far, Exxon’s coming pay raises for employees will come in below inflation, new reports suggest. Salaries are going to rise about 3.6% for employees who deserve …
Nabors Industries announces energy transition initiatives
Nabors Industries Ltd., the provider of advanced technology for the energy industry and with operations throughout Oklahoma announced new decarbonization goals. It joined the growing list of energy firms attempting to bring about reduced greenhouse gas emissions. The firm introduced Nabors Energy Transition Solutions (NETS), a fast-growing portfolio of technologies designed to drive energy efficiency …
Windfall from oil and gas revenue boosts chances of New Mexico pay raises
While Democrats in New Mexico deride their dependence on oil and gas revenue from the state’s share of the Permian Basin, they now are debating whether to use the latest surge in revenue for increased salaries for state workers including school teachers. As the Las Cruces Sun-News reported this week, New Mexico could end …
Warmer weather collapses natural gas prices
Some of the predicted higher natural gas prices aren’t happening, thanks to record-breaking warmer weather across the U.S. this month. The prices collapsed to their lowest level in more than four months and futures this week on natural gas for January delivery took a 12% nosedive reported Bloomberg. Click here for Bloomberg.
Stuck jet stream brings warmer wx to Oklahoma et al
Stuck in place for the next two weeks, the jet stream over the U.S. will bring warmer weather to Oklahoma and others in the lower 48 states. That means better weather for outdoor workers including utility crews, those on oil and gas rigs and those performing maintenance on wind farms in the state. …
Heckled over call to US shale producers
Deputy Energy Secretary David Turk quickly found out the U.S. shale industry doesn’t consider the Biden administration to be friendly at all with oil and gas drillers. When Turk addressed the World Petroleum Congress in Houston on Monday, he was heckled when he admonished drillers to increase in their production. Turk told the group …
Hamm buys $11 million more shares in company stock
Billionaire oilman Harold Hamm, founder of Oklahoma City-based Continental Resources obviously likes his company so well that last week he bought more than $11 million in company stock. The former President and CEO, reported to have a net worth of $10.7 billion as of August 17, 2021 bought 250,000 shares in the company on …
Big rebound for oil prices and for some OK energy stocks
With apparent word that the Omicron COVID-19 variant might be as damaging to the world economy and demand for crude oil as first thought, crude prices rose nearly 5% on Monday. It was also a day for higher Oklahoma energy stock prices. Symptoms from the variant are reportedly seen as mostly mild and some OPEC …
Ex-legislator says OGE case threatened by public corruption
As Oklahoma Corporation Commissioners consider financial relief for Oklahoma Gas and Electric over its natural gas costs endured during the February winter storm, a former legislator interjects again his belief that Commissioner Todd Hiett should be removed from office over a conflict of interest. Dr. James Michael Ritze, once a Republican Representative who served …
