A new report by Energy and Policy Institute revealed how CEOs of investor-owned electric and gas utilities, and that includes those in Oklahoma, were paid $2.7 billion between 2017 and 2021. The Institute reviewed corporate data and discovered the CEOs for the 58 companies received more than $629 million in 2021 which was a …
Energy headlines
** The ozone layer — the atmospheric shield that prevents harmful ultraviolet light from reaching the Earth’s surface — is on track to recover, United Nations (U.N.) scientists said on Monday. The U.N. said the ozone layer has shown recovery and will return to its 1980 levels over the next several decades. ** The Congressional Western …
Cost of Keystone pipeline leak cleanup still up in the air
Keystone pipeline operator TC Energy says it still doesn’t have a cost of the cleanup of the 14,000-barrel oil spill in northern Kansas. It’s what the company said this week, adding that it also doesn’t have a cause of the leak that happened in early December near Washington, Kansas. Click here for Reuters
ONEOK reaches $930 million insurance settlement over Medford gas plant fire
ONEOK says it reached an agreement covering $930 million in insurance payments over the fire that put its gas plant out of operation last July near Medford in northern Oklahoma. The company also revealed plans to build a 125,000-barrel per day (bpd) NGL fractionator at its Mont Belvieu, Texas, facility. Upon completion, the new fractionator, …
Gains recorded Monday by Oklahoma energy stocks and crude oil
Oil prices rose 1% in Monday’s trading and Oklahoma energy stocks saw gains as well. As world stocks rallied to their highest levels since mid-December, China reopened its borders giving rise to optimism in the future fuel demand around the world. West Texas Intermediate crude rose 86 cents or 1.2% and settled at $74.63 …
Stitt begins second term as Oklahoma Governor
Vowing to fight every day for Oklahomans, Gov. Kevin Stitt was sworn into office for a second term on Monday. “I will fight every day for YOU,” declared the governor in his inaugural address during ceremonies on the South Steps of the Capitol. But during his speech, there was no mention of Oklahoma’s energy …
Kim David takes oath of office to be Oklahoma’s new Corporation Commissioner
It’s down to work for Oklahoma’s newest Oklahoma Corporation Commissioner. Former State Sen. Kim David was sworn into office on Monday during inauguration ceremonies on the steps of the State Capitol, taking her oath of office along with three other state-wide elected officials. Incoming Chief Justice John Kane IV administered the oath of office …
Lack of rain grows in Oklahoma Panhandle
When it comes to a lack of rainfall, there’s dry, then there’s dry and dryer. Just ask the people in the Oklahoma Panhandle cities of Goodwell and Hooker. State Climatologist Gary McManus reported Monday that it had been 132 days since either place received at least a quarter-inch of rain in a single day. …
Hamm donates $50 million for Teddy Roosevelt Presidential library in North Dakota
Teddy Roosevelt, the 26th President of the United States does not have a Presidential library in his honor. But Oklahoma oil tycoon and billionaire Harold Hamm hopes his $50 million contribution will change that. He recently made the donation to create a Theodore Roosevelt Presidential Library in the badlands of North Dakota, the state …
New York investment firm increases holdings in Gulfport Energy
A recent government filing revealed that New York Investment adviser, MacKay Shields, LLC is now a nearly 12% holder of shares in Oklahoma City’s Gulfport Energy Corporation. The filing with the Security and Exchange Commission showed that MacKay Shields is the beneficial owner of 2,301,790 shares or 11.67% of the common stock of Gulfport. …
