Mulready: Earthquake Insurance – What You Need To Know By Oklahoma Insurance Commissioner Glen Mulready The Oklahoma Insurance Department (OID) kicked off February with a post on X, formerly known as Twitter, announcing our Earthquake Awareness Month social media campaign. Ironically enough, a 5.1 magnitude quake struck near Prague, Oklahoma, about eight and a half hours later. I can …
Settlement reached six years after oil train derailment
Six years after the derailment of a BNSF crude oil train spilled 160,000 tar sand oil near the town of Doon, Iowa, a lawsuit has been settled over the matter. Landowners filed suit against BNSF asking for actual and punitive damages. They blamed the railway for the accident but an investigation by the National …
Southwestern Energy and Chesapeake Energy to release quarterly reports this week
Still awaiting shareholder approval of its recently-announced merger with Oklahoma City’s Chesapeake Energy, Houston’s Southwestern Energy company plans to release its fourth quarter earnings report this week. The release will be on February 22 after the market close, according to Southwestern. It will be available on the company website, www.swn.com. Due to the pending merger …
Biden’s LNG freeze a “political move” according to Peter Zeihan
W Just a political move to garner support leading up to the Presidential election. It’s how geopolitical observer Peter Zeihan looks at President Biden’s freeze or moratorium on building any new ports to allow overseas shipments of LNG. It’s certainly a hot-button issue in Oklahoma and other oil producing states as Representatives and Senators …
Mach Natural Resources declares quarterly cash distribution
Oklahoma City’s Mach Natural Resources LP recently announced the declaraton of a quarterly cash distribution. The energy firm said the board of directors of its general partner approved the fourth quarter 2023 distribution of 95 cents a common unit. It will be paid March 14, 2024 to common unitholders of record as of the …
Wyoming governor used his state of state to vow to fight Biden’s energy policies
When it comes to state of the state addresses by Governors, Oklahoma Gov. Kevin Stitt’s recent address and his remarks about energy were calm compared to the defiant address given by Wyoming Gov. Mark Gordon who vowed to continue standing up to the President’s green energy policies and what they’re doing to …
Biden backing off big EV push? Did he hear complaints of Oklahoma car dealers and others?
Maybe it was the recent letter sent by nearly 4,900 car dealers, including 96 in Oklahoma who complained the Biden administration’s big push for electric vehicles was too much. They said it was time to tap the brakes on the push. Maybe the White House heard. Because there is a report that the Biden …
Crude oil rose on Friday as concerns exist over Middle East fighting
The International Energy Agency report about slowing demand for crude oil wasn’t enough to offset growing concerns about the Middle East and the fighting there. As a result, crude oil prices on Friday rose. West Texas Intermediate crude finished up $1.16 or 1.49% per barrel at $79.19 on the New York Mercantile Exchange. The March …
Oklahoma regulators to meet Tuesday
Oklahoma’s Corporation Commissioners plan a regular meeting Tuesday at the state capitol where they will deal with more rulemaking, something that’s been on their agenda for the past several weeks. The 1:30 p.m. meeting will be at the Will Rogers Memorial Office Building. The agenda is as follows: I A. Call to order B. …
New LED lighting project to start on Devon Tower in Oklahoma City
Look for a new look on downtown Oklahoma City’s Devon Tower. Devon Energy intends to spend $3.5 million to upgrade the LED lighting to meet the expectations the company had when the tower was completed in 2012. Standing 844 feet tall with 50 stories and a million square feet in office space, it …