The weekend could bring a chance of severe weather to Oklahoma, first on Saturday in the west, then Sunday in the east. “A chance of storms on Saturday out west, but we see a chance of severe weather on Sunday, so that will need to keep your attention across central and eastern OK,” wrote Oklahoma …
International pipe firm expands operations in Oklahoma
Shawnee Mayor Ed Bolt called it a “big thing” for the city of Shawnee, a $30 million investment in a new plant by Georg Fischer Central Plastics. The Switzerland-based company broke ground this week for a new 150,000-square foot plant where nearly 300 workers will be employed. “We’re extremely pleased to see GF Central …
Osage County family wins oil drilling suit against BIA
A Federal Judge has ruled against the Bureau of Indian Affairs in an Osage County family’s lawsuit filed nearly 10 years ago over the drilling of oil wells on their land. U.S. District Judge Jane A Restani ruled in support of the Paul B. Hayes Family Trust which challenged the BIA’s handling of the …
Energy headlines
** Exxon Mobil Corp. warned that making Big Oil into “villains” and trying to restrict supply of fossil fuels will slow the path to net zero emissions and keep millions of people in the developing world in poverty reported Bloomberg. ** An influential group of corporate bosses, bankers and academics, the Energy Transitions Commission, contends …
Regulators seek industry input on methane leaking program
The federal government’s push to crack down on methane gas emissions from the nation’s oil and gas wells has the Oklahoma Corporation Commission attempting to carry out the mission. As a result, the Commission’s Oil and Gas Conservation Division wants input from those in the industry regarding development of a protocol to follow the …
AARP supports AG’s effort to lower PSO rate hike
Oklahoma’s AARP has come out in support of State Attorney General Gentner Drummond’s request for the Oklahoma Corporation Commission to reconsider its recently approved rate hike allowed for Public Service Company of Oklahoma. “AARP Oklahoma supports Oklahoma Attorney General Gentner Drummond’s motion to lower the residential utility rate increase from $5.35 to $3.57,” said …
Federal grant awarded Oklahoma Conservation Commission
The Oklahoma Conservation Commission (OCC) announced its recent achievement of being selected as one of the recipients of the 2023 America the Beautiful Challenge (ATBC) grants, facilitated by the National Fish and Wildlife Foundation (NFWF). This significant grant, part of a broader initiative awarding $141.3 million in grants this year. The awarded grant will bolster the …
Oklahoma City’s fight over franchise fees still in Supreme Court
The Oklahoma Supreme Court fight between Oklahoma City and the Oklahoma Corporation Commission over franchise fees related to moves by utilities to adopt securitization following the 2021 Winter Storm Uri is into its second year. It was August of 2022 when Oklahoma City challenged the move by regulators in which utilities would no longer …
Cushing and the nation saw an unexpected gain in crude oil stocks
The increase in U.S. crude stocks by 3.6 million barrels in the past week was responsible in part of a big drop in crude oil prices on Wednesday. The Cushing Hub also saw a gain of 1.9 million barrels from the prior week. Nationally, crude stocks totaled 439.4 million barrels, reported the U.S .Energy …
Increase in crude stockpiles sent prices down on Wednesday
A bigger-than-expected increase in U.S. crude inventories sent crude oil prices tumbling more than 1.5% on Wednesday. Mounting worries about demand in Asia were also said to be responsible for the price plunge. West Texas Intermediate crude fell $1.60 or 2% a barrel to settle at $76.66 on the New York Mercantile Exchange. Global …