Just two years ago, natural gas prices hit historic highs in Oklahoma, leading to extensive long-term payments for customers of major utilities. This year is a different story as natural gas supplies have fallen, according to the U.S. Energy Department’s weekly inventory release. The past week was the sixth consecutive loss week over week …
Quick energy reads
** Oil and gas should not be demonised in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday, but he also said it was important to reduce carbon emissions to preserve the planet. ** Asset manager BlackRock Inc has bowed out of talks to acquire Exxon Mobil Corp ‘s majority …
DEQ pushes more federal funding for climate pollution reduction
The Oklahoma Department of Environmental Quality is taking advantage of another new EPA round of funding to reduce climate pollution and a deadline is approaching in a few weeks. The DEQ stated the EPA recently announced funding opportunities for the Climate Pollution Reduction Grants and those interested in Oklahoma should be prepared to present …
Attorney General quiet about market manipulation probe
More than three weeks after thousands of email communications were surrendered to Oklahoma Attorney General Gentner Drummond in a probe of alleged market manipulation in natural gas prices during the 2021 winter storm Uri, little is known about the progress of reviewing them. “Regarding the subpoenas, I can only say that the documents were …
US oil production hits record high with fewer rigs
From west Texas and eastern New Mexico north to North Dakota, oil producers are increasing their production from fewer rigs, and it has the attention of OPEC and the business observers. The ramped-up production is more than what the analysts expected and now it’s at a record pace, even as OPEC+ nations attempted to …
Lawsuit filed over grizzlies killed by BNSF trains
The Burlington Northern Santa Fe railway is being sued by two environmental groups who contend the railway’s trains are violating the Endangered Species Act by running over and killing grizzle bears on the tracks. One of the groups isWildEarth Guardians, based in Santa Fe, New Mexico. The other is Western Watershed Project based in …
Rep. Brecheen fights foreign ownership of public lands in the US
Oklahoma Congressman Josh Brecheen joined 31 other House members in demanding answers from the head of the SEC about proposed new rules that would allow foreign-ownership of certain private and public lands in the U.S. Foreign ownership, especially by Red Chinese companies, has been banned in some states and certainly has raised the ire …
ROFR—-who do you believe?
The growing issue of Right of First Refusal for utilities in Oklahoma comes down to one big question….is it a financial benefit for their customers or will it harm them? Those for ROFR, as it is typically called and those who contend consumers will be hurt by such a law, made their case this …
Lower PSO utility bills to arrive in January
Public Service Company of Oklahoma is giving its customers an early Christmas gift but one that won’t take effect until next month—lower utility bills. The Tulsa-based company said cusstomers will see a “substantial” reduction on the fuel portion of bills starting in January. The lower bills are the result of reduced natural gas prices …
Crude oil prices slipped on Friday and OK energy stocks did the same
While Brent and U.S. crude futures finished Friday with a small loss, Oklahoma energy stocks did the same. Crude fell during a session where prices dropped more than $1 a barrel as traders dealt with mixed signals for oil demand. West Texas Intermediate finished down 15 cents or 0.21% to $71.43 a barrel on the …