The Oklahoma Corporation Commission is being asked by OGE to approve a nearly $600 million rate hike to recover investments required by the federal government. In an announcement this week, the company said it had filed paperwork asking for approval of the rate increase in order to recover nearly $534 million invested in the …
For a third straight year, the number of strong earthquakes in Oklahoma declined. But State seismologist Jake Walter is only cautiously optimistic. He pointed out in a recent interview with the Tulsa World that the state’s quake frequency is still far above the historical average of only two or three magnitude 3.0s a year. For …
The Oklahoma Corporation Commission starts 2019 with a regular meeting on Wednesday. The meeting includes consideration of proposed or potential orders in cases on the daily signing agenda docket. Commissioners will also hold an information discussion of preparation for the upcoming legislative session that begins in February. The meeting starts at 9:30 a.m. in Room …
A Colorado based Energy staffing firm that sued two former employees and one of its competitors has failed to get a win in the Denver Federal Appeals Court. The Tenth U.S. District Court has ruled against DTC Energy Group, Inc. based in Westminster, Colorado. The firm sued Ally Consulting, LLC and two former DTC employees, …
Massachusetts Democratic U.S. Sen. Elizabeth Warren has chosen a new chief of staff—-one familiar with energy. Anne Reid was a top Democratic staffer on the U.S. House Energy and Commerce Committee where Oklahoma Rep. Markwayne Mullin is a member. Environmentalists see it as a move by Warren to boost her green credentials in a possible …
Even as Energy Transfer LP of Dallas announced the opening of a new Mariner East 2 natural gas liquids pipeline in Ohio, West Virginia and Pennsylvania, it’s original Mariner system came under criminal investigation. A county prosecutor in Pennsylvania opened the probe into construction on the three natural gas liquids pipelines after they caused sinkholes …
Chesapeake Energy in Oklahoma City has issued a call for redemption in full of more than $900,000 in outstanding Senior notes due 2038. The call is to redeem in full on Jan. 28,2019 all of the outstanding 2.25% Contingent Convertible senior Notes of which there are $923,000 outstanding. The company said the notes are called …
We’ll take New Year’s Day off but will return Wednesday with more energy news.
Nearly 20 percent of the states have gasoline prices below $2 a gallon and Oklahoma is one of them. The prices for the last day of 2018 average $1.93 in Oklahoma compared to $1.99 a week ago. Nationally, the average is down 8 cents to $2.28 per gallon. Pottawatomie County, where Shawnee is the county …
Denver-based DJR Energy has concluded its $480 million purchase of assets in northern New Mexico’s San Juan Basin. The purchase was of the assets of Encana Oil and Gas and was originally announced in October. It gives DJR more than 350,000 net acres in the Basin including an inventory of more than 1,100 high-value drilling …