** A major bridge in the US city of Baltimore collapsed early Tuesday after being struck by a container ship, sending multiple vehicles and people plunging into the frigid harbor below. Dramatic footage showed a 300-meter vessel hitting the Francis Scott Key Bridge, bringing the steel-built structure crashing into the Patapsco River. ** An aluminum company has …
Mach Natural Resources to release 2023 financial report
The full year 2023 and fourth quarter financial and operating results for Oklahoma City’s Mach Natural Resources LP will be released next week. The company that has oil and gas operations in the Anadarko Basin of western Oklahoma and southern Kansas and into the Texas Panhandle will release the results on Monday, April …
Crude oil prices made gains in Monday’s trading and so did OK energy stocks
Russia’s decision this week to curb oil output and its attacks on natural gas lines in Ukraine resulted in higher crude oil prices in Monday’s trading. Ukraine’s attacks on Russia’s energy infrastructure also added to increased prices. At the same time, Oklahoma energy stocks recorded gains for the day. West Texas Intermediate crude rose …
Cole remains critical of President’s freeze on LNG port permits
In a recent Washington update, Oklahoma Congressman Tom Cole delivered another blast critical of the Biden administration’s latest “Green New Deal” gift—-the President’s freeze on new permits for LNG export terminals. “This short-sighted decision was nothing more than a political move to placate environmentalists at the expense of the American people and our economic …
Another roundtable discussion planned by Oklahoma oil and gas regulators
Another division of the Oklahoma Corporation Commission is planning to hold a roundtable discussion with members of the state’s oil and gas industry. The Oil and Gas Conservation Division announced it will hold an Industry Roundtable meeting on Monday, April 1 at 1:30 p.m. The purpose of the meeting is to promote engagement …
Oklahoma electricity rates are 7th lowest in the nation
Oklahoma’s average electricity prices are falling, according to the latest numbers from the Energy Information Administration. The State’s average rate of 12.28 cents per kilowatt hours, as of December 2023, fell from a December 2022 rate of 12.44 cents per kilowatt hours. The rate is ranked 7th lowest in the U.S., behind number one …
Commissioner asks “where’s the beef?” about audits of ratepayer-backed utility bond issues
Nearly six months after a one-page audit of ONG’s $1.3 billion February 2021 Winter Storm ratepayer-backed bond financing was sent to the Governor, Oklahoma legislative leaders and the Oklahoma Development Finance Authority, Corporation Commissioner Bob Anthony still can’t believe no one wants a more in-depth audit. In a filing this week, the commissioner expressed …
Snow in the Panhandle and freezing weather still with parts of Oklahoma
Don’t put out those tomato plants quite yet. Hard freezes are coming in Oklahoma. It’s the latest word from Oklahoma Climatologist Gary McManus. “That’s okay though (it’s not really, but humor me). We’re still a week or three away from our average last spring freeze,” he wrote in his Monday morning Mesonet blog. He …
Texas Congressman wants power grid sharing with Oklahoma and other states
If a Texas congressman is successful, his state’s power grid known as ERCOT, the Electric Reliability Council of Texas, would be able to connect to neighboring power grids such as Oklahoma to receive emergency power when it is needed. U.S. Rep. Greg Casar’s “Connect the Grid Act” would help Texas reduce the possibility of …
More than a dozen lawsuits are filed over the Texas Panhandle wildfires
Lawyers gathered over the weekend in the Texas Panhandle to hold a town hall meeting to focus on the more than a dozen lawsuits filed in the wake of the deadly and destructive wildfires. Most have been filed against Xcel Energy and blamed it for causing the fires that burned more than a million …