A Continental Resources filing with the Securities Exchange Commission shows founder Harold Hamm is distributing more of his company to his family, but he told Bloomberg he’s keeping full control. “Full control stays with me, so this changes nothing in that regard,” the 76-year old Hamm told the company Wednesday night. “What was done …
Nebraska water groups vote to support South Platte River plan
Water groups in Nebraska voted this week to support a $500 million canal to divert water out of the South Platte River in Colorado. The Associated Press reports the support came from Nebraska’s irrigation and natural resources districts as the state worries about the fast-growing population in Denver will consume of the water from …
Continental’s quarterly dividend up 15%
Oklahoma City-based Continental Resources announced Wednesday the declaration of a quarterly dividend. The dividend amounted to 23 cents per share of the company’s outstanding common stock and will be payable March 4, 2022 to stockholders of record on Feb. 22, 2022. “This dividend represents a $0.03, or 15%, increase to the Company’s $0.20 per share quarterly dividend …
Regulators to consider another $800 million storm bond requests
Oklahoma regulators meet Thursday to consider two more requests of utilities to use a year-old securitization law to assist them in covering nearly $800 million in February 2021 storm costs that will be passed along to ratepayers. Corporation Commissioners, in a 9:30 a.m. meeting will vote on a request by CenterPoint Energy to cover …
Crude makes slight rebound while OK energy stocks make gains
Accessibility statementSkip to main content Crude prices made a slight rebound in Wednesday’s trading. The increase came as the U.S. Energy Information Administration reported declines in U.S. crude and gasoline supplies. West Texas Intermediate crude for March delivery rose 30 cents and settled at $89.66 a barrel on the New York Mercantile Exchange. Global benchmark …
Supreme Court Justice recuses in challenge to OGE winter storm bond case
A justice on the Oklahoma Supreme Court recused herself this week from possibly hearing the legal challenge to the nearly $1 billion in ratepayer-backed bond effort by OG&E and the Oklahoma Development Finance Authority. Justice Dana Kuehn filed her recusal Wednesday morning. It offered no explanation in the one-sentence filing. “I hereby recuse myself …
Energy bill would restrict OK utilities from charging more than winter storm fuel costs
A year after the historic February winter storm Uri of 2021, at least one bill was introduced to ensure that utilities in the state are prepared in the future and avoid any loss of natural gas to supply heat to thousands of homes and businesses across the state. It would also restrict the fuel …
Thursday morning headlines of other energy stories
** The American Petroleum Institute filed a notice of appeal this week with the U.S. Court of Appeals for the D.C. Circuit of the court’s decision invalidating the results of the Mexico Gulf sale, the only federal lease sale for natural gas and oil held in 2021. ** Whiting Petroleum Corporation in Denver announced that it …
Iowa legislature deals with governor’s E15 plan
It would appear the plan by Iowa Governor Kim Reynolds to require her state’s fuel stations to sell gas with a 15% ethanol blend might be headed toward approval in the legislature. The plan cleared the Senate Ag Committee this week without any debate reported Radio Iowa. Click here for Radio Iowa
Higher customer gas bills for One Gas subsidiary approved by Kansas regulators
Customers of Kansas Gas Service, the subsidiary of Oklahoma-based One Gas will be paying another $5 to $7 more a month under a winter storm cost settlement approved this week by the Kansas Corporation Commission. Like the controversial OG&E deal that is before the Oklahoma Supreme Court, the Kansas case will depend on the …
