The stage is set for a fight in Arkansas where the state senate this week passed a bill to dismantle the state’s net metering policy and give credit to solar customers for power produced at a lower wholesale rate. The Arkansas Times reports the measure, Senate Bill 295, would curtail the state’s booming solar …
Political leaders react to death of Love’s Travel Stops founder
The death this week of Love’s store chain founder Tom Love in Oklahoma City brought an outpouring of condolences from some of the state’s top politicians. Congressman Tom Cole said he was deeply saddened by the loss of his dear friend and fellow Chickasaw citizen. ” Tom was a superb Oklahoman and American. There …
Electric deregulation grabs attention of Mitchell Talks Energy
Scott Mitchell’s latest podcast of “Mitchell Talks Energy” features a discussion with OK Energy Today’s Jerry Bohnen and Rep. Ryan Martinez about electric deregulation. A bill by Martinez to offer electric choice for consumers died in committee without getting a vote. But it presented an opportunity for a discussion of the proposal opposed by major …
Reports show Oklahoma’s economy is expanding thanks to increased oil and gas revenue
Boosted by record receipts from oil and gas production, Gross Receipts to the Treasury in February show the state’s economy continues to expand despite ongoing inflationary pressure, State Treasurer Todd Russ announced Wednesday. Collections for the past year are $17.62 billion, up by 12.9 percent, compared to the 12-month collection total in February 2022 of …
Mewbourne reports more wells in Northwest Oklahoma
Mewbourne Oil Company added two more northwest Oklahoma wells to its list of completions in recent months in that region of the state. The Texas company showed another Ellis County well, the Thelma 8/17 Dm 3h, drilled at 5 18N 24W, a site about 5 miles south of the town of Arnett. Two previous Mewbourne …
Short energy stories
** John Kerry, the Biden administration’s special presidential envoy for climate, believes climate change is a “war” threatening to unleash global catastrophe. To fight it, he told the audience of a Monday CERAWeek session, the U.S will need to rapidly deploy new technology, with the help of Houston’s energy industry. ** U.S. natural gas futures rose about …
Vandals caused collapse of cell tower in Southern Nebraska
Sheriff’s officers near the southern Nebraska down of Oxford say an apparent act of sabotage resulted in the destruction and collapse of a cell tower last weekend. Investigators believe intentional damage to a guide wire anchor resulted in the complete structural failure of the tower reported the Kansas City Star. Click here for Kansas …
Copper wire played a role in man’s death in Tulsa sand cave
The man killed last weekend in the collapse of a sand cave along the Arkansas River in Tulsa was digging for buried copper wires. The victim, according to his girlfriend, started digging weeks ago after he spotted copper wires sticking out of the embankment. Fox 23 News reported it apparently was a strand of abandoned …
Rate hike talk results in big crude oil price drop and OK energy stocks fell too
Crude oil prices took a mean hit on Tuesday, tumbling by $3 a barrel after U.S. Fed chairman Jerome Powell’s comments about the economy simply fueled rate hike fears. West Texas Intermediate crude nose-dived by $2.88 a barrel or 3.6% to close at $77.58 on the New York Mercantile Exchange. Brent crude fell even …
AERO says failed deregulation bill raised the conversation
While the electric deregulation bill authored by Edmond State Rep. Ryan Martinez is dead this legislative session, his efforts were still praised by the Alliance for Electrical Restructuring in Oklahoma. AERO’s executive director Mike Boyd praised Martinez for being willing to introduce a serious policy proposal to restructure the state’s electricity market by introducing …
