Oklahoma public utility regulators meet Wednesday at the state capitol. Due to the COVID-19 pandemic, the meeting of the Corporation Commission will be virtual for the public, although it is possible that commissioners might attend in person using glass shields separating themselves from one another. The agenda includes consideration of a daily signing agenda, …
Higher natural gas prices are behind a January increased fuel cost adjustment for customers of Public Service Company of Oklahoma. The company announced that beginning with the January 2021 billing cycle, PSO will increase the fuel cost adjustment on customer bills to reflect higher prices for natural gas and purchased power. The adjustment is …
It’s not unusual for corporations to writedown the value of their assets but the one taken this week by Exxon Mobil Corp. grabbed all sorts of notice. Exxon indicated it’s about to make its biggest writedown in modern history—-all because of the collapse of energy prices brought on largely by the COVID-19 pandemic. The …
A railroad company that challenged Oklahoma’s 2019 state law against blocking streets has won a federal court lawsuit in Oklahoma City. U.S. District Judge Charles B. Goodwin has ruled the law unconstitutional and permanently barred the state from enforcing the law in a challenge filed by the Burlington Northern Santa Fe railway company. The …
Oil and gas industry leaders from Oklahoma will be among those taking part this week in the Water Management Permian Basin 2020 virtual conference. Water professionals from WPX Energy, Marathon Oil, EOG Resources, ConocoPhillips and Fourpoint Energy will be among those taking part in panels on Thursday and Friday where they will also explore options …
New Mexico Gov. Michelle Lujan Grisham, who had plans to take advantage of the state’s enormous wealth from the oil and gas industry’s Permian Basin operations and use the money to finance free college for state residents, now is holding an empty promise. COVID-19 took care of the Democratic governor’s wishful thinking, as well …
Rooftop solar customers in Kansas await a late December decision by regulators whether they will be forced by Evergy to pay higher electricity rates for using renewable energy. Environmental groups such as the Sierra Club call it a move by Evergy “to price-gouge customers putting solar panels on their homes.” Evergy has proposed a …
** A Minnesota agency approves the final permit needed for Enbridge to start construction on the Line 3 replacement and expansion in northern Minnesota reported the Star Tribune. ** Even though it’s only November, U.S. gas traders said warm weather this month has already caused some in the market to give up on this winter and focus on next …
If apparent President-elect Biden follows through with some of his energy-industry campaign promises, especially those aimed at oil and gas, it would appear lawyers will be in high demand. Lawsuits are the expected results of any restrictive moves made by a Biden administration against oil and gas producers and those who seek leases to …
While it deals with a Chapter 11 bankruptcy, Oklahoma City’s SandRidge Energy announced the closing of a new $30 million credit facility. The announcement explained the facility is with affiliates of Icahn Enterprises, one of its major shareholders and consists of a $10 million revolving loan facility and a $20 million term loan facility. …