Oklahoma saw a gain of one rig in the past week to bring its total to 44, according to the latest Baker Hughes rig report. The state’s total compared to 38 one year ago. Nationally, there was a decline of one rig to 583. In the past week,the count of oil rigs increased one …
** Oil company executives who backed Trump’s campaign say they do not actually want to “drill, baby, drill,” but to pursue policies to speed up pipelines and export projects to create more global demand for their products. ** Hyundai Motor North America announced it will recall more than 42,000 vehicles due to a wiring issue that can …
A judge’s decision to delay an ONG hearing because of a legislator’s complaint about Corporation Commissioner—the topic of discussion of our latest edition of “Scott Mitchell talks energy with Jerry Bohnen. They focus on the decision based on a complaint of Rep. Tom Gann that angered the Attorney General’s office. Click above to view …
When an Oklahoma Corporation Commission judge recently delayed a hearing on ONG’s nearly half-a-billion dollars in 2023 fuel costs because of a complaint filed by State Rep. Tom Gann, it came after the Attorney General’s office displayed its obvious resentment of his complaint. In addressing Admininstrative Law Judge Carly Ortel, Deputy Attorney General …
Oklahoma’s increased electric vehicles use is among the highest in the nation as the state has more than 22,800 EVs registered as of 2023. The U.S. Department of Energy reported recently it was a gain from 16,300 registered EVs in 2022. Click here for The Oklahoman
Expand Energy Corporation announced its public offering of senior notes will total $750,000,000. The Oklahoma City company, formerly Chesapeake Energy before it merged with Southwest Energy, explained the offer includes 5.700% senior notes due 2035 at a price to the public of 99.609% of their face value. The notes offering is expected to close …
** The American Gas Association ), in collaboration with other trade associations and a manufacturer, presented oral arguments before the Court of Appeals for the District of Columbia Circuit in AGA v. DOE, a legal challenge to the U.S. Department of Energy’s (DOE) final Consumer Furnace Rule establishing new standards for residential furnaces and two …
(Tyler Hicks/The New York Times) The growing war between Russia and Ukraine, on top of the fighting in the Middle East, added to increased worries and sent crude oil prices up nearly 1% on Friday. It resulted in prices settling at a two week high. Both WTI and Brent finished up about 6% for the …
The Arkansas Public Service Commission voted this week to support a nearly $88 million rate hike for Summit Utilities. But regulators decided the hike won’t be allowed to take effect until after winter. Arkansas Business reported the $87.7 million annual rate hike mean a 23.4% increase but half of it will be delayed …
Empire Petroleum announced Friday it had increased its loan ability from $10 million up to $20 million as part of its Revolver Loan Agreement with Equity Bank. The Tulsa company said the increase is effective through Dec. 29, 2026. Empire, according to the announcement, has approximately $8.4 million borrowed on the $20.0 million facility. The …