Macquarie, the Houston firm accused of market manipulation of natural gas prices in Kansas and Oklahoma during the 2021 winter storm, is investing millions in solar energy. As reported by Business Wire this week, the asset management arm of Macquarie Group is backing renewable-energy company Sol Systems with an $85 million debt investment, riding a wave …
Oklahoma Gov. Kevn Stitt joined other Republican governors this week in New Orleans who sent a letter to President Biden asking him to deregulate the oil and gas industry. And they didn’t hold back on their criticism of his anti-oil and gas policies. “As governors, we are extremely concerned with the impacts your energy …
** The global natural gas market is estimated to grow by 50% over the next 5 years, a new Goldman Sachs research paper estimated, as investment in oil becomes less attractive and shifts toward short-term projects. The bank estimated that the United States will lead the market for liquified natural gas supply, and that the added capacity could …
(Jay Janner/Austin American-Statesman via AP, File) As the summer approaches across the U.S., there is growing discussion and reports about whether electric grids can meet the demands. As OK Energy Today reported this week, the Southwest Power Pool, which includes Oklahoma as one of its 14-member states, indicated it will not have major problems …
Despite being supported by Oklahoma’s US House delegation, a bill passed by the House Appropriations Committee to fund military construction at Oklahoma’s military installations, the White House indicates it might veto the bill. The White House apparently raised concerns about “partisan” amendments targeting LGBTQ Americans and access to abortion. U.S. Rep. Tom Cole chairs …
When OPEC+ decided to continue its production cuts into 2025, it sent huge shock waves through crude oil trading and prices in the US dropped to a near four-month low. Oklahoma energy stocks suffered as well with one firm recording an 11% loss in Monday’s trading. Crude prices dropped more than $2 a barrel because …
Make it 100 tornadoes in Oklahoma so far this year. The National Weather Service issued a report showing there were at least 43 tornadoes during May after 55 were recorded in April. Two tornadoes were reported in March. The storms also resulted in four more fatalities last month making a total of eight so far …
A special meeting of Oklahoma regulators will be held Tuesday morning regarding a request for a $32 million increase in charges for customers of Oklahoma Natural Gas…charges that would amount to another $29 more a year for most customers. The 10 a.m. hearing on rate case PUD2024-000010, will be before an Administrative Law Judge …
The weekend decision by OPEC+ to extend its deep oil output cuts into the coming year sent crude oil prices tumbling by more than $2 a barrel in Monday’s trading. Trading sent prices down to new lows as West Texas Intermediate, the US benchmark fell nearly 4%. OPEC and allies led by Russia have …
Southwest Power Pool (SPP), responsible for coordinating electric reliability in a 14-state area in the central United States, including Oklahoma, expects to have enough generation to meet energy demand despite higher regional temperatures this summer. “As a regional transmission organization, SPP’s top priority is to ensure reliability” said Bruce Rew, SPP senior vice …