** Oil and gas companies operating in Colorado begin donating to Democratic state lawmakers — the majority in the legislature — in a bid to influence fossil fuel-related bills. ** Advocates push back against Montana legislation that would require nonprofits to pay business taxes when suing the state on environmental or natural resource grounds, saying it would quash …
Crude oil trading turned stale on Tuesday and OK energy stocks were mixed
A day after crude oil prices rose $5 a barrel, they were near flat in Tuesday’s trading and Oklahoma energy stocks that soared on Monday were mixed with losses and gains. West Texas Intermediate crude responded with a 29 cent increase and settled at $80.71 a barrel on the New York Mercantile Exchange. Global …
Corporation Commissioners delay decisions on fuel adjustment costs for PSO and ONG
The possibility of an investigation by the state Attorney General into the fuel costs of the 2021 Winter Storm Uri prompted Corporation Commissioners Tuesday to delay votes on fuel adjustment requests by Oklahoma Natural Gas and Public Service Company of Oklahoma. “Both will be stricken from the agenda and not taken up,” said Commission …
Uranium enrichment plant in eastern New Mexico fined for safety violations
The nation’s only company that creates nuclear fuel for commercial nuclear power plants has been fined $70,000 for violations at its uranium enrichment operation in New Mexico. The Nuclear Regulatory Commission based the penalty on two safety violations found in 2022, stating that they were serious enough to warrant the fine against Urenco. The …
PSO joins forces to end food deserts in Tulsa
With the help of Public Service Company of Oklahoma, an American Electric Power (Nasdaq: AEP) company, and EPRI, Food On The Move is using emerging technology to battle Tulsa’s food deserts. A PSO/EPRI container garden used by Food On The Move takes advantage of LED technology, high-efficiency HVAC and recirculating water pumps to grow …
New wells reported in northern and eastern Oklahoma
Some of the most recent oil and gas well completions in Oklahoma were n Ellis and Okfuskee Counties. A completion report filed this week by Duncan Oil Properties Inc. of Oklahoma City was on an Ellis County well that produced 425 barrels of oil a day and 1,238 Mcf of natural gas from the …
ONEOK to release 1Q earnings report in May
ONEOK Inc. plans to release its first quarter 2023 earnings on May 2. Investors will learn if the company will improve on its 28% increase in net income in the fourth quarter of 2022 when it reached $484.9n million or $1.08 per diluted share. The company announced the release will come after the market …
Vital Energy finalizes Midland Basin acquisition
Vital Energy Inc. of Tulsa wrapped up its $215 million acquisition this week of assets in the southern Midland basin of Texas. The company, formerly known as Laredo Petroleum Inc. finalized its purchase of 16,500 gross acres from Driftwood Energy Operating LLC. Under the deal, Driftwood received nearly 1.58 million shares of Vital common …
ODOT launches “Make it Home Safe” work zone safety awareness campaign
Oklahoma’s two biggest transportation agencies launched a new work zone safety awareness program meant to reduce the number of traffic fatalities and injuries to state workers on highways. “Make it Home Safe; Make Oklahoma Safe” is the effort created by the Oklahoma Department of Transportation and the Oklahoma Turnpike Authority. Both are encouraging motorists to …
Rep. Cole says numbers don’t lie in revealing problems with Biden’s Green Energy policies
In promoting the Republican Lower Energy Costs Act and fighting President Biden’s green energy policies, Oklahoma Congressman Tom Cole says just look at the numbers. They don’t lie. “They show Americans are struggling,” declared the GOP Representative in his latest column to voters. “No one should have to choose between putting food on the …
