With crude oil prices in the upper $60 range, there is growing interest in more drilling in Oklahoma as witnessed by the recent permits to drill issued by the Corporation Commission. Oklahoma City’s Chaparral Energy has become active again in drilling exploration after emerging last fall from Chapter 11 bankruptcy. The company received three …
The largest city-owned utility in Texas sued the state’s grid operator alleging it levied “excessive” power prices during a February deep freeze, and seeking to bar the grid from issuing a default that could affect its credit rating. High prices for emergency fuel and power during a severe cold spell left Texas utilities facing …
Texas-based Harvest Midstream Company agreed to pay a nearly $100,000 civil penalty for violating environmental laws in New Mexico. The Albuquerque Journal reported the company failed to report a release of natural gas into water in northern New Mexico and was fined by the Energy, Minerals and Natural Resources Department. Click here for Albuquerque …
The number of solar projects across the the U.S. is expected to increase by four times in the next several years, thanks to an extension of an industry subsidy late last year. Whether some of that will occur in Oklahoma remains to be seen, largely because electricity rates are comparatively low in the state …
Texas legislators took steps this week to make sure consumers aren’t hit with exorbitant electrical bills from the February winter weather that left dozens dead and millions in the dark for days because of rolling blackouts. The Texas state Senate on Monday quickly approved a bill cutting more than $5 billion in disputed electricity …
New Mexico Democratic Rep. Deb Haaland, whose environmental goals were considered too extremist by some Republicans in the Senate won confirmation Monday evening to be Interior Secretary and the first Native American to be a member of a presidential cabinet. But her confirmation came without the support of Oklahoma’s Sens. Jim Inhofe and James …
Monday turned out to be another day of falling crude oil prices both in the U.S. and overseas and most Oklahoma energy stocks followed suit. West Texas Intermediate crude for April delivery dropped 22 cents to $65.39 a barrel. Global benchmark Brent crude for May deliver fell 34 cents to finish the day at …
A crazy and wild week of weather is in store for Oklahoma—one that includes possible tornadoes and snow—all in one looney forecast. Which should be a warning for us—winter is still with us, as much as we hope for an early arrival of spring. State Climatologist Gary McManus, writing in his Monday predictions and …
How accurate was Oklahoma Congressman Markwayne Mullin in a recent discussion about the microchip shortage? Check out what General Motors announced this week. The company said from its Detroit headquarters that as a result of the global semiconductor chip shortage, the automaker was building certain 2021 light-duty full-size pickup trucks without a fuel management …
** Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field is at the southern part of the Gulf of Mexico. ** The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, …