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 …
Devon Energy raises more than $50,000 for Wyoming Nonprofits
As part of its annual Give for Good fundraising campaign, Devon Energy raised over $50,000 to support Wyomingites in need. Employees participated in raffles and auctions, and made pledges to benefit Blessings in a Backpack and United Way of Natrona County. “It’s very inspiring to see Devon employees’ generosity year after year,” said Brent Wilson, senior production superintendent at Devon. “Our commitment to the …
Lucas warns again how China threatens US technology
Oklahoma congressman Frank Lucas has again expressed growing concern about China’s intent on dominating the semiconductor industry and how it is a growing threat to American competitiveness. At a recent House committee hearing that focused on “Ensuring American Leadership in Microelectronics,” the ranking Republican on the Committee on Science, Space and Technology spoke out …
ONE Gas to be part of conference
Oklahoma-based ONE Gas will take part in the BofA Securities Gas Utility Conference on Tuesday, December 7. The participation will be virtual and the event will be one of two conferences in which the utility will take part. Leadership will also participate Wednesday, Dec. 8 in the Wells Faro Midstream, Utility & Renewables Symposium. …
Bashore bill would lower vehicle transfer, trade-in taxes
Rep. Steve Bashore, R-Miami, has filed legislation for 2022 that would reconfigure how the base excise tax is determined when a vehicle is transferred and would allow a trade-in deduction allowance on the purchase price of a vehicle. “Letting individuals to keep the money they’ve earned allows them to make their own decisions about how …