** Production workers at Ford’s Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement, while skilled trades workers voted in favor, the local chapter of the United Auto Workers (UAW) said on Monday. ** TotalEnergies SE agreed to buy three natural gas-fired power plants in Texas from TexGen Power LLC for …
Empire reports 3Q loss but optimistic about North Dakota drilling program
A month after launching a nearly $22 million drilling program in North Dakota, Empire Petroleum released its third quarter financial report showing a $2.7 million net loss in revenue. The Tulsa company reported product revenue of $10.3 million compared to $9.8 million in the second quarter, but still had a net loss of $2.7 …
Gas prices continue falling in Oklahoma—$2.17 a gallon in Stillwater
Gasoline prices are as low as $2.17 in parts of Oklahoma this week while in other areas of the state, prices are on 14 cents away from $4 a gallon. If you plan on traveling by car for the approaching Thanksgiving holiday, that’s a good thing. AAA and GasBuddy report prices continued to fall …
Hamm and other oil leaders face pressure from Presidential candidates
A report about Donald Trump’s campaign effort to get campaign money from the oil and gas industry discussed Oklahoma billionaire oilman Harold Hamm’s change of heart about the former President’s re-election effort. Hamm, as reported earlier by OK Energy Today, recently was a donor to Trump’s campaign even after reportedly telling the former President …
Pros and cons of alternative ratemaking plan heard by Corporation Commissioners
Oklahoma Corporation Commissioners took another recent step in their consideration of the controversial issue of Performance Based Rating, an annual form of ratemaking heavily supported by utilities but opposed by consumer groups. Commissioners on Friday spent nearly two hours listening to the pros and cons of the suggested alternative ratemaking plan supported by utilities …
Subpoena and winter storm—it’s what Scott Mitchell and Jerry Bohnen discuss in their latest podcast
The subpoena of the entire Oklahoma Corporation Commission staff by Attorney General Gentner Drummond is the focus of the latest Mitchell Talks Energy with Jerry Bohnen. The discussion by Scott Mitchell and Bohnen explores other questions that are raised in the Attorney General’s widening investigation of alleged market manipulation stemming from yes, Winter Storm Uri, …
Commissioner says subpoena doesn’t apply to her
Oklahoma Corporation Commissioner Kim David says the subpoena sent to her and two other commissioners as well as the agency’s staff by Attorney General Gentner Drummond in a widend winter storm market manipulation investigation doesn’t apply to her. “I reviewed the Attorney General’s subpoena and have been advised that a response from me is …
Crude oil prices gained 2% on Friday and OK energy stocks had strong performances
Friday brought stronger economic news for crude oil prices as they gained nearly 2% in the day’s trading while Oklahoma energy stocks had strong gains as well. Despite the Friday gains, crude oil prices settled down about 4% for the week and it was their third straight week of declines. It came as U.S. firms …
US rig count slips while Oklahoma adds
The nation’s oil and gas rig count made no dramatic change in the past week, losing two rigs to 616 while Oklahoma managed a gain of one to reach 37 rigs. A year ago, the state had 67 active rigs, according to the latest Baker Hughes Rig report released Friday. Nationally, the decline included …
Southwest Power Pool improves services for expanded grid coverage
The Southwest Power Pool, of which Oklahoma is a member, says it has made “significant” progress in advancing services to some of the several utilities now in the Western Interconnection of the SPP, including parts of Arizona. The first two weeks of November 2023 have seen SPP continuing to advance three of those services: …