A rift has developed over Oklahoma’s enforcement of a law boycotting large banks and financial firms with ESG policies that discriminate against the state’s oil and gas industry. The Oklahoma Public Employees Association has come out against the efforts of State Treasurer Todd Russ to ban such firms from being allowed to handle state …
Oil and gas regulators plan to make some rules changes
Staff of the Oklahoma Corporation Commission plan a meeting with oil and gas operators this week to discuss some proposed rules changes in the commission’s Oil & Gas Conservation division. The announcement came this week. The proposed rules for Chapter 5, Rules of Practice and Chapter 10, Oil & Gas Conservation, will be discussed …
Tesla to convert Austin plant rooftop to solar power
Imagine Austin’s Tesla factory covered with rooftop solar panels? It’s what the company intends to do, creating the largest rooftop solar installation in the world. The company indicated that when the project is finished, it will be 30 megawatts. The solar milestone would be one of many firsts at the factory, reported the Austin …
Rep. Bice back to work
Oklahoma Congresswoman Stephanie Bice says the Energy and Water Subcommittee Appropriations bill passed in the House last week was a continuation of work to “fund the government in a fiscally responsible manner.” She and every other member of the Oklahoma delegation in the House voted for the measure. “We must continue to prioritize programs …
Hern pushes for return of tough sanctions on Iran
Oklahoma Congressman Kevin Hern wants to create the toughest Iran sanctions ever proposed by Congress. As leader of the Republican Study Committee,the Tulsa Representative was joined by former Chairman Jim Banks of Indiana and RSC National Security Task Force Chairman Joe Wilson of South Carolina in introduction of the Maximum Pressure Act with 85 …
OKC creates lanes for city buses
Motorists in Oklahoma City are being alerted to the city’s creation of street lanes just for city buses. Oklahoma City’s first bus lanes are here to support RAPID NW! Pavement marking and signage installation are underway in the outer right lanes of: NW Expressway between Independence Ave. & Classen Blvd. Classen Blvd. between NW Expressway & NW 16th …
Energy quick reads
** The Biden administration is announcing it will spend $1.3 billion of new federal funding to help create three new, massive electrical transmission lines in the Southwest and New England, in an effort to improve the nation’s power grid and get more renewable energy into America’s homes and businesses. ** Hedge funds are laying bets on uranium, …
ONE Gas reports increased earnings in 3Q
ONE Gas, Inc. reported a continuation of increased net income in the third quarter of the year, showing net income of $25.2 million or 45 cents a share. The total compared to $23.7 million and 44 cents a share in the third quarter of 2022, according to the company’s release of quarterly earnings made …
Crude oil and Oklahoma energy stocks dropped in Monday’s trading
Crude oil prices have been on a roller coaster ride, gaining 3% last Friday and falling nearly 4% in Monday’s trading. Why the fall? Mostly because fears have declined about the possibility that the Israel-Hamas war will disrupt oil supplies in the region. Plus, there is the matter of this week’s meeting of the U.S. …
Colorado oil and gas operator ordered to post $133 million bond for unplugged wells
Already at odds with Colorado regulators, oil and gas operator P. Kauffman just entered a higher level of fight over its more than 1,000 unplugged wells. State regulators recently ordered the company to post a $133 million bond to assure its 1,089 wells will be properly plugged. The order came from the Colorado Energy …