While Oklahoma Natural Gas recently went before the Oklahoma Corporation Commisson with a nearly $32 million rate revenue increase, a sister company, Kansas Gas Service is before the Kansas Corporation Commission on Thursday. Both are among the subsidiaries of ONE Gas and in the case of Kansas Gas Service, it is before the KCC …
Chesapeake merger makes sense based on latest IEA natural gas forecast
There’s a big reason why Oklahoma City’s Chesapeake Energy pulled off the pending $7.4 billion merger with Southwestern Energy company of Houston earlier this year. It will allow the firm to drill even more in some of the most prolific natural gas regions in the country. The move will allow Chesapeake to invest even …
Kansas Broadband Director fired after 2 years on the job
The state of Kansas will proceed spending $450 million in expansion of broadband service, much like Oklahoma is doing, but without a director of the state agency responsible for the development. She’s been fired. Reports this week indicated Jade Piros de Carvalho, head of the Office of Broadband Development at the Kansas Commerce Department …
Summer heat rebounds with little rain chance in Oklahoma
As you wonder just how hot it will get across the state in the coming days (Summer is officially about here), our rainfall chances aren’t very high. The national weather service map displayed above indicated the Panhandle and Northwest Oklahoma stand the best chances of rainfall in the coming week. Maps courtesy of Oklahoma …
Gasoline prices bounce back up in Oklahoma
The latest AAA map of Oklahoma reflecting gasoline prices shows the state is bleeding red—from one end to the other. Sixteen counties with average prices of more than $3 a gallon are highlighted in red. Coal County in the southeast with $3.50 a gallon is highest followed by Greer County in the southwest …
Senators target fuel efficiency standards created by EV friendly Energy Secretary
Wyoming U.S. Sen. John Barrasso, known for his stands to protect his state and others from the Biden administration’s aggressive anti-oil and gas regulations put Electric Vehicle efforts in his latest sights. The ranking member of the Senate Committee on Energy and Natural Resources was joined by five other Republican Senators in introducing …
Colorado residents fight fracking plan near lake
Residents outside the city of Denver who live near Aurora Reservoir are staging a fight against the plans of oil and gas company Civitas to drill and operate 166 wells near the lake. Civitas claims the project will produce $235 million in tax revenue for Arapaho County but r esidents worry the fracking …
Energy briefs
** General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker banks on demand from its gasoline-powered models. ** A consumer advocacy group files a lawsuit claiming GE failed to warn consumers about the dangers of its gas stoves, hoping Washington, D.C.’s consumer protection …
Oil and gas pollution lawsuit moves ahead against state of New Mexico
Environmentalists who sued the state of New Mexico and accused it of failing to meet constitutional obligations for protecting against oiland gas pollution won a judge’s verdict to move ahead with their landmark lawsuit. Led by the Center for Biological Diversity’s Climate Law Institute, the environmental groups and Native Americans who live near oil …
Tuesday’s trading resulted in another gain for crude oil prices
Crude oil prices recorded another day of gains on Tuesday while Oklahoma energy stocks ended mixed. Oil prices finished up after the U.S. Energy Information Administration raised its global oil demand growth forecast for the year. At the same time, OPEC stayed with its forecast for relativelly strong growth in 2024. The EIA raised its …