The electric grid in Texas, already criticized for its weakness in the 2021 Winter Storm Uri and severe weather the following year relies too much n uatural gas-fired backup generators after blackouts. It’s the opinion of the Federal Energy Regulatory Commission, the North American Electric Reliability Corp (NERC) and six regional entities covering 400 …
ONE Gas and national gas group challenge Biden administration’s new furnace rules
The American Gas Association, whose members include ONE Gas in Oklahoma, is putting up a challenge to the Biden administration’s regulations against natural gas furnaces. The Association contends the rules will affect more than half of all U.S. households that rely on natural gas for home heating and that includes a lot of Oklahomans. …
White House to decide whether year-round E15 gasoline sales will be allowed
It’s now up to the White House whether an EPA recommendation to expand sales of higher-ethanol gasoline in some Midwestern states will be adopted. The Environmental Protection Agency proposed the expansion of E15 or gasoline with 15% ethanol in March. It suggests year-round sales of the gasoline in Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, …
Energy quick reads
** The natural gas industry is challenging the Biden administration over its regulations targeting traditional gas-powered residential furnaces, which a rulemaking energy groups says will impact more than half of all U.S. households. ** Western Caucus Vice Chair Doug Lamborn (CO-05), joined by Chairman Dan Newhouse (WA-04) and Rep. Blake Moore (UT-01), introduced legislation to rescind the …
Coterra Energy gets permission to drill again in Pennsylvania gas field
(AP Photo/Alex Brandon, File) Coterra Energy, the Houston-based company with offices also in Tulsa is set to drill in a Pennsylvania rural area where it was banned for a dozen years because of water pollution. The company, considered onee of Pennsylvania’s leading natural gas companies, had pleaded no contest last year to criminal charges, but …
Crude oil prices gain again following more Houthi attacks in Red Sea
The Houthi attacks on ships in the Red Sea resulted in still another gain in crude oil prices on Tuesday. Oil prices went up more than a dollar a barrel as the attacks disrupted maritime trade and caused more companies to reroute their vessels. West Texas Intermediate, the US benchmark, rose 97 cents or 1.3% …
Panasonic decides a second time against building an EV battery plant in Oklahoma
Oklahoma’s hopes of landing a Panasonic electric vehicle battery plant were dashed a second time by the huge conglomerate. After Panasonic picked a site in eastern Kansas over Oklahoma for a $4 billion EV battery plant, the firm said it would still explore another such plant in Oklahoma. But on Tuesday, Panasonic made it …
4Q earnings release date set by ConocoPhillips
After record third-quarrter production and earnings of $2.8 billion, ConocoPhillips is preparing to release its fourth quarter earnings report in February. Investors will be anxious to know if earnings improved after dropping from a year earlier. The company will release the results before the market opens on Thursday, Feb. 8, 2024. Executives will follow …
Attorney General seeks public tips about winter storm market manipulation
Oklahoma Attorney General Gentner Drummond announced Tuesday he has launched an online tip form where the public can report allegedly illegal conduct related to energy costs during Winter Storm Uri. The tipline, located on the Attorney General’s website (oag.ok.gov), is designed to collect information about market manipulation and any other questionable activity related to artificially …
PSO to pay rate refunds in January
Public Service Company of Oklahoma (PSO) residential customers will see refunds of interim rates on their monthly bills starting in January. The Oklahoma Corporation Commission approved new rates for PSO customers on November 21, resulting in refunds with interest on interim rates that began May 22. PSO will apply refunds to customer bills as …