Even as the Oklahoma Supreme Court is set to hear a request to approve $1.4 billion in ratepayer backed bonds for Oklahoma Natural Gas Company’s 2021 winter storm costs, former legislator Mike Reynolds filed a legal challenge contending the matter is unconstitutional. The request, originally filed by the Oklahoma Development Finance Authority is scheduled …
Former Interior Secretary’s ties to ConocoPhillips
ConocoPhillips finds itself in the middle of a muddy political situation involving former U.S. Interior Secretary Ryan Zinke who is running for a U.S. House seat in Montana. Seems that his Democratic opponent Monica Tranel released a letter she had sent to ConocoPhillips Chief Executive Ryan Lance demanding that the company stop paying Zinke. …
1Q earnings report to be released by Williams
Williams plans to announce its first-quarter 2022 financial results after the market closes on Monday, May 2, 2022. The company’s first-quarter 2022 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, May 3, 2022, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). Williams finished the 2021 fiscal year with fourth …
Wind turbines fail in southeast Kansas
Wind turbines in one southeast Kansas county have stopped working and county commissioners want to know why. Click here for KOAM news
US and world energy headlines
** President Joe Biden used a visit to corn-rich Iowa on Tuesday to announce he’ll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as his administration tries to tamp down prices at the pump that have spiked during Russia’s war with Ukraine. ** U.S. President Joe Biden on Monday urged Indian leader …
Large producers reported in McClain County
Details of a pair of McClain County wells with combined production of more than 2,100 barrels of oil a day were offered this week in a completion report filed with Oklahoma regulators. CPRP Services LLC based in Oklahoma City reported completion reports on the Indultado 0604 28-21-3mxh and the Indultado 0604 28-21-2wxh, wells drilled …
Crude oil is flowing out of Permian
A pipeline built just 5 years ago to move crude oil out of the Permian Basin to Gulf Coast refineries is doing brisk business these days. EPIC Crude Holdings built the pipeline in 2017 and is moving nearly 500,000 barrels of oil a day to the Corpus Christi area reported the Carlsbad Current-Argus. Click …
Crude oil prices slipped below $100 in Monday’s trading
China’s growing COVID-19 lockdowns coupled with OPEC’s announcement that the existing sanctions against Russia might create one of the worst ever oil supply shocks sent crude prices falling Monday to their lowest level in more than 6 weeks. For the first time, global crude oil settled under $100. It came after OPEC informed the …
Some New Mexico electrical utility customers to see 25% drop in rates
As Oklahomans prepare for potential increases in their utility bills due to requested rate hikes or ratepayer-backed bond packages covering the February 2021 winter storm, guess what’s happening for customers of a northern New Mexico utility? Their rates will soon be dropping by up to 25%. They are customers of Kit Carson Electric Cooperative …
Forestry Service—potential for “ominous” wildfire situation in western Oklahoma
The Oklahoma Forestry Division reports a nearly week-long wildfire in the Panhandle is still burning but firefighters have about 80% of it under control. At the same time, the agency warned western Oklahoma and the Panhandle could face extreme wildfire situations on Tuesday. The agency said the 23 Fire near Forgan had burned more …
