Customers of Kansas Gas Service, the subsidiary of Oklahoma-based One Gas will be paying another $5 to $7 more a month under a winter storm cost settlement approved this week by the Kansas Corporation Commission. Like the controversial OG&E deal that is before the Oklahoma Supreme Court, the Kansas case will depend on the …
One-sided anti-oil hearing held by Dems in US House
Without the presence of leaders of major oil companies on Tuesday, Democrats in the House Oversight Committee set up fossil fuel the fossil fuel industry and took their shots at it. The hearing replaced the committee’s initial plans to have board members from ExxonMobil, BP, Chevron and Shell testify after the committee said last …
Pension fund to dump Chesapeake Energy and other investments
Shares of Chesapeake Energy and other fossil fuel companies are about to be unloaded by the New York state pension fund as the group said Chesapeake is among some companies that have not shown they’re ready to transition to a low-emissions economy. Reuters reported Chesapeake Energy, Hess Corp and Pioneer Natural Resources are some …
Oil prices to average $90 for February says EIA
After reaching more than $92 a barrel in the past week, crude oil prices for February will average $90 and slip to a first-half year average of $88 predicted the U.S. Energy Information Administration. The EIA came out with its February Short-Term Energy Outlook (STEO), in which the agency estimated commercial oil inventories fell to their …
Buc-ee’s is headed to the mountains of Colorado
Colorado drivers will soon get their first experience at pulling into a Buc-ee’s convenience store. The Texas-based company, known for those large convenience stores with dozens and dozens of fuel pumps, not to mention barbecued food inside, plans to open its first Colorado state. Axios reports it will be located on a 140-acre site …
Crude slipped again—so did OK energy stocks
Another fall for crude oil prices both in the U.S. and in Europe. On the same day, losses outnumbered gains for Oklahoma energy stocks. West Texas Intermediate crude for March delivery dropped $1.96 or 2.15% to $89.36 a barrel on Tuesday at the New York Mercantile Exchange. Global benchmark Brent crude for April delivery …
Texas struggles with its oil-industry related earthquakes
Just as Oklahoma has learned from the series of damaging earthquakes believed directly tied to oil and gas drilling that hit the state over the past several years, Texas is adjusting as well. The Texas Tribune reported that Texas recorded more than 200 earthquakes with a magnitude of 3 or greater in 2021 and like …
Former legislator argues OGE bond case is like a loan shark
Protesters fighting the nearly $1 billion securitization case by OGE and the Oklahoma Development Finance Authority before the Oklahoma Supreme Court aren’t finished with their efforts. While a Supreme Court referee took the arguments under consideration 2 weeks ago, another protest was filed this week in the matter by former State Rep. Porter H. …
Tulsa a finalist for $4 billion plant?
It’s definitely a mystery. A $4 billion mystery. Maybe even more. The story evolves around a mystery firm that reportedly has offered a $4 billion manufacturing plant of some kind along with the potential of 4,000 employees and two finalists are being considered—a site in Kansas and one in Tulsa. At least, that’s what …
Crude prices spark renewed drilling in Colorado and Wyoming
Oil drilling is on the increase in northeast Colorado and Wyoming’s Powder River Basin as crude prices linger in the $92 a barrel range in the U.S. Reuters reports an increase in the acquisition of properties in the two areas by producers who are already adding rigs and frack crews. Click here for Reuters