The Oklahoma Corporation Commission’s Oil and Gas Conservation Division has issued a second directive for a change in the operations of some oil and gas wastewater disposal wells in response to recent seismic events in the Prague area. The new Directive is in addition to the previous Directive issued February 3 following the February …
In a review that certainly affects the energy industry in Oklahoma and other states, the Kansas City Federal Reserve Bank reports that bank deposit outflows continued last year despite increased deposit rates. The Federal Reserve Bank of Kansas City includes Oklahoma and its review of deposits found that deposit rate increases simply did not …
The government reported Wednesday a gain of more than 5 million barrels held in the nation’s crude oil stocks. At the same time, the amount of crude in supply at Oklahoma’s Cushing Hub held steady from last week. The U.S. Energy Information Administration reported the nation’s crude stocks rose from 421.9 million barrels on …
City leaders in Little Rock, Arkansas approved development of a 4.9 megawatt solar array that they claim will eventually supply nearly 70% of the city’s electricity needs. The Arkansas Democrat-Gazette reports Little Rock directors okayed a contract with Sun Hog Solar LLC, a construction subsidiary of Scenic Hill Solar, an Arkansas based company. As …
The Oklahoma Supreme Court ruled in support of Oklahoma City’s Devon Energy in a court fight over royalty payments collected on nine wells in Kingfisher County. With only one justice dissenting, the Court upheld a trial court’s summary judgment in favor of Devon Energy in a dispute with trustees of the Eunice S. Justice Revocable …
** Energy watchdog group Power the Future (PTF) filed a freedom of information lawsuit against the Biden administration on Tuesday, alleging it failed to divulge Special Presidential Envoy for Climate (SPEC) John Kerry’s taxpayer-funded staff. ** The Biden administration finalized regulations severely tightening restrictions on fine particulate matter that the manufacturing and energy sectors are legally allowed to emit, an action …
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, …
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. …
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 …
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 …