Public Service Co. of New Mexico went before the New Mexico State Supreme Court and lost this week as the justices denied the state’s largest electric utility a rate rider to collect millions of dollars more from customers under New Mexico’s Renewable Energy Act. It was a unanimous ruling to reject PNM’s appeal of …
As Federal Reserve Chairman Jerome Powell announced the Fed decided to leave the nation’s interest rate exactly where it is, it sent crude oil prices sliding downward. West Texas Intermediate crude, the benchmark in the US, dropped $1.79 or 2.14% to finish the day at $81.68 a barrel on the New York Mercantile Exchange. …
A report by Reuters indicated Tulsa’s Williams Companies gave serious thought to acquiring struggling LNG developer Tellurian but came to the conclusion, it was too risky. It’s what Williams Executive Vice President of Strategy Chad Zamarin admitted in a sit-down interview this week at the CERAweek S&P Global energy conference in Houston. He …
Crude oil stocks across the U.S. and at the Cushing Hub in Oklahoma fell in the past week reported the U.S. Energy Information Administration. Cushing’s stocks fell 100,000 barrels from 31.5 million on March 8 to 31.4 million on March 15. The total stored at the northern Oklahoma oil hub is still far more …
A more than $2 million fine has been leveled by the state of New Mexico against an oil and gas company for not cleaning up two produced water releases at well sites south of Carlsbad. The Energy, Minerals and Natural Resources Department’s Oil Conservation Division announced the notice of violation and proposed administrative civil …
Oklahoma Congressman Frank Lucas and Democrats on a House Committee he chairs say it’s high time the President named a new Acting Inspector General to the Department of Commerce. For one thing, they have strong doubts about Deputy Inspector General Roderick Anderson who took over when former Inspector General Peggy Gustafson resigned following …
“–purposeful obstruction of domestic energy production.” It’s what Oklahoma Congresswoman Stephanie Bice charged against President Biden over his green energy policies. Writing in her latest newsletter to constituents, the Republican U.S. Representative from Edmond said the president’s freeze of LNG ports and shipments wasn’t the first such case of harming America’s energy industries. Below …
When the Biden administration resorted to using the nation’s Strategic Petroleum Reserve to bring down gasoline prices two years ago, it led to heavy criticism from Oklahoma’s congressional delegation. In no uncertain terms, they were angry about what they labeled a political move that put the nation’s national security at risk. In a column …
** BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. ** The chief of the largest US producer of natural gas has warned that a lack of pipelines and storage facilities will trigger dramatic …
Three of the top 20 U.S. counties for deadly big truck crashes are in Oklahoma. So reports AutoBlog which cited figures from the National Highway Traffic Safety Administration crash data. The data showed that in 2021, Oklahoma recorded 1,085 fatal crashes statewide and large trucks were involved in 127 of them or 11.7% of …