Oil futures were up on Tuesday with U.S. benchmark West Texas Intermediate prices seeing a fifth straight gain. Analysts say investors wagered on a slowdown in production and a possible gradual increase in the appetite for the commodity. WTI rose 20%, going up $4.17 a barrel and ending the day at $24.56 on the New …
Oklahoma Corporation Commissioners are being asked to put in writing and take formal action what the Commission staff has already done when it comes to utilities and unpaid bills caused by the coronavirus pandemic. Public Utilities Division Director Brandy Wreath is asking the Commission to formally respond to the COVID-19 and allow an open door …
Texas won’t be forcing a reduction in oil production leaving Oklahoma Corporation Commissioners wondering if they should follow suit or go ahead with ordering a forced reduction in crude oil. The Texas Railroad Commission voted 2-1 on Tuesday against a call to enact statewide oil production reductions. At the same time, the regulators voted unanimously …
Oklahoma Congressman Frank Lucas (OK-03) joined House Committee on Agriculture Chairman Collin Peterson (D-MN) and Dean of the U.S. House of Representatives Don Young (R-AK) in introducing The Universal Broadband Act. The Universal Broadband Act will ensure rural Americans have the opportunity to access reliable broadband services by expanding the Universal Service Fund (USF) contribution base …
Local governments and nonprofit organizations can submit an application to the Oklahoma Department of Environmental Quality (DEQ) for funds aimed at solid waste improvements. The Oklahoma Solid Waste Management Act (Act) affords DEQ resources to help local governments with things such as cleaning up illegal dumps, hiring environmental enforcement officers, and hosting household chemical and …
Colorado-based East Daley Capital Advisors, Inc. is out with a new report highlighting the decline in natural gas production across the U.S. The energy data and insights company merges commodity and financial analysis and tracked more than 3.1 Bcf/d of natural gas curtailment this week. Low oil prices are leading to widespread oil well shut-ins …
A new player has entered the pitch by oil and gas operators to get approval for emergency storage of crude oil at remote sites in Oklahoma—the Department of Environmental Quality. If adopted by the Oklahoma Corporation Commission, the DEQ would have a say whether a remote crude oil storage site would be approved. The …
** Wisconsin’s largest utility reports industrial power usage is down 18% since a statewide stay-home order was issued in March while total retail sales are expected to drop 5% over the next nine months. ** Murray Energy creditors seek permission to sue founder Robert Murray and family members to recover $71 million in alleged excessive compensation in the years leading up …
Led by Maryland Democrat Rep. Jamie Raskin, some 60 Democrats in the U.S. House pressured U.S. House leadership this week not to allow the oil and gas industry to use COVID-19 to get immunity for climate change and pollution. Oklahoma’s only Democrat in the House, Rep. Kendra Horn of the 5th District was not among …
As Oklahoma regulators consider a possible move to allow crude operators to shut in wells without losing their leases, North Dakota is doing the same. And it’s affecting not only major producers like Oklahoma City’s Continental Resources but small operators too. Reuters recently focused on the issue in North Dakota. Click here for the story.