Oklahoma City’s Chesapeake Energy Corporation plans to release its 2023 fourth quarter earnings report in the coming days. The company will release the quarterly and full year operational and financial results after the close of the market on Tuesday, February 20. A conference call featuring company leaders will be held the next day, …
Enel Energy considers appeal of court ruling to remove 84 wind towers in the Osage Nation
Like the 84 wind towers that still stand throughout Osage County, the issue of a federal judge’s ruling late last year to force Enel Green to remove every one of them at a cost of hundreds of millions of dollars is up in the air. An appeal of the December 2023 ruling by U.S. …
Drummond and other AGs tell Biden his freeze on LNG exports helps Iran and Russia
Oklahoma Attorney General Gentner Drummond was among nearly two dozen other Attorneys General in telling President Biden his freeze on development and export of LNG “will embolden Iran and Russia” and also hamper the U.S. ability to protect itself. Drummond also maintained the Energy Department did not have the authority to prevent LNG exports to …
Crude made gains on Tuesday along with Oklahoma energy stocks
While crude oil prices gained more than $1 a barrel in Tuesday’s trading, Oklahoma energy made strong gains. The price gains came after two developments—a U.S. Energy Department report indicated crude oil production would grow less than forecast and a possible lengthy cease-fire in the Gaza War. West Texas Intermediate crude rose 53 cents or …
Market manipulation during frigid weather? AG’s not saying
A little less than a month after he promised to monitor Oklahoma’s natural gas market to make sure there was no repeat of market manipulation like the state endured in the 2021 winter storm, Attorney General Gentner Drummond isn’t offering much detail about what he might have learned. It was January 12 when he …
Choosing your own electric provider is the intent of one legislative bill
While some Oklahoma legislators are in private discussions about how to approach two controversial topics, Right of First Refusal and Performance Based Ratemaking, one similar measure called the Oklahoma Electric Choice and Competition Act is already in the works. Known as SB 1332, the bill by Tulsa Republican Sen. Dana Prieto, appears to be …
Six square mile solar farm to be finished in Texas Panhandle
A 3,600-acre, six-square mile solar farm is a step closer to production in the Texas Panhandle. A report indicated that $590 million in funding was recently secured by Vesper Energy for the Hornet Solar project south of Amarillo. Power production for ERCOT, the Texas electricity grid, is anticipated to begin in January of 2025 …
Despite administration attacks, record amount of natural gas was consumed in US in mid-January
It’s worth noting that while some cities are banning natural gas in new buildings and the Biden administration attacks the industry by freezing LNG ports, the U.S. consumed a record high 141.5 billion cubic feet of natural gas on January 16 of this year. It broke the old record in the U.S. lower …
Super Bowl Sunday snow in Oklahoma?
Sounds crazy, right? Beautiful early spring-like weather in Oklahoma in the past two weeks and someone comes up with a weekend forecast that suggests—what? Snow! It’s in the forecast—maybe—according to Oklahoma Climatologist Gary McManus. In Tuesday’s Mesonet update, he said there are a lot of “IFs” involved in whether it really snows in northwest …
Suncor Refinery hit with largest pollution fine in Colorado
Suncor Energy is coughing up $10.5 million to settle pollution violations at its refinery in Commerce City, Colorado outside of Denver—-the largest such fine in state history. Suncor was accused by the Colorado Air Pollultion Control Division of hundreds of unpermitted air releases at the refinery between July 2019 and June 2021. The Canadian …