At least 6 renewable energy companies that have or had projects in Oklahoma were among the more than 260 firms making the economic case for Congress to pass the stalled Build Back Better Act. The 260 sent a letter this week to Democratic leaders, arguing that each month of delay results in a nearly …
Regulators felt need for explanation on ONG financing plan
Tuesday’s Oklahoma Corporation Commission approval of a financing plan by Oklahoma Natural Gas Company to pay its February 2021 storm costs prompted regulators to issue a statement about the action. The Commission is not normally in the practice of issuing statements or explanations of many of the actions it approves or disapproves during the …
Crude oil prices move closer to $90 a barrel
Accessibility statementSkip to main content Wednesday brought another gain for crude oil prices as they reached more than $87 a barrel in the U.S. while overseas they approached the $90 mark. This, as tensions grew over Russia’s deployment of nearly 100,000 soldiers along the border with Ukraine. West Texas Intermediate crude for March delivery …
Bice points to her abandoned well remediation research Act
Oklahoma congresswoman Stephanie Bice recently took note of her work on solving the issue of abandoned oil and gas wells in the U.S. Click here for the McCarville Report. Click here to read the bill.
Energy Transfer dividend announced
Dallas-based Energy Transfer LP announced this week a 17-cent quarterly cash distribution. It translates into a 70-cent distribution per common unit on an annualized basis for the fourth quarter ended December 31. The company stated the distribution will be paid Feb. 18, 2022 to unitholders of record as of the close of business on …
Constitutionality of OGE’s storm cost financing heard by Supreme Court referee
The constitutionality of the act created in 2021 by the Oklahoma legislature that allowed Oklahoma Gas & Electric Company to use securitization of up to $800 million in February 2021 winter storm costs was at the heart of arguments Wednesday before a state supreme court referee. In a hearing that was live-streamed because the …
6,500 barrels a day from 5 Ovintiv wells in Kingfisher County
Ovintiv has done it again—come up with another major production effort in Oklahoma’s STACK play—four wells with nearly 6,600 barrels a day of oil production. At a site about 6 miles northwest of the city of Kingfisher, Ovintiv USA Inc. spudded three Jimenez 1708 wells. Located at 21 17N 8W, the wells had spud dates …
EV program gets a boost from Public Service Company in New Mexico
In New Mexico, Public Service Company has announced a program where it plans to offer up to $2,000 to assist customers install electric vehicle chargers. The new program offers a $500 incentive to 3,900 PNM customers, to help them install their own level 2 chargers reported KOB TV. Click here for KOB report.
Excel Energy changes transmission line route to save Sand Creek Massacre site
Xcel Energy in Colorado says it will change the route of its proposed 650-mile high-voltage transmission line so it will not broach the state’s Sand Creek Massacre National Historic Site. Click here for the Colorado Sun.
Thursday’s other energy headlines
** The Los Angeles City Council approved a measure to ban new oil and gas wells and phase out existing ones. ** The Biden administration is engaged with European countries and major energy companies to prepare for a scenario in which a Russian invasion of Ukraine leads to a natural gas shortage in Europe, a senior …
