** The House oversight committee has invited key board members at four oil majors, Exxon, Shell, Chevron and BP, to testify in February about the industry’s role in climate change and spreading “disinformation,” turning up the heat on big oil after lawmakers grilled their CEOs last year. The hearing is set for Feb. 8. ** American Electric …
Colorado governor now wants to delay gas fee he earlier approved
Six months after Colorado Gov. Jared Polis signed a transportation funding bill that included a 2-cent-a-gallon fee on gasoline, he wants to delay implementation because of high gasoline prices in his state. With gasoline prices averaging $3.29 a gallon, the governor announced his move this past week, something that drew immediate criticism from his …
Energy Transfer relents over unpaid bill in Texas
Energy Transfer backed off its threat to cut off natural gas supplies to Vistra Corp’s power plants in Texas over an unpaid $21.6 million bill stemming from the February 2021 winter storm. After threatening to cut supplies to power plants that provided electricity to 400,000 customers, Energy Transfer stated it would continue supplying …
Largest wind power project in US pushed by Buffett’s firm
Berkshire Hathaway is pushing a nearly $4 billion renewable energy project in Iowa, one that would create the single largest wind project ever built in the United States. It doesn’t mean it will happen, but the project proposed by billionaire Warren Buffett’s investment firm would include 5 GW of wind power and some 50 …
Crude slipped on Thursday and OK energy stocks suffered losses
Crude oil prices edged slightly lower on Thursday following seven-year highs earlier in the week. Oklahoma energy stocks recorded losses for the most part. West Texas Intermediate crude for February delivery slipped 6 cents a barrel in trading on the New York Mercantile Exchange and settled at $86.90. Global benchmark Brent crude for March …
OGE Supreme Court hearing closed to public
An order by Oklahoma Supreme Court Chief Justice Richard Darby has in effect closed a hearing to the public concerning the nearly $800 million bonding request of Oklahoma Gas and Electric and its February 2021 winter storm costs. In a ruling issued Thursday, Justice Darby took note that the Oklahoma Judicial Center is closed …
Enverus reports nationwide rig count decline
The U.S. rig count fell by seven in the last week to 694 as of Jan. 19, according to Enverus Rig Analytics. However, during the last week the daily count reached as high as 708 compared to a maximum of 705 the prior week. The largest week-over-week declines occurred in the Gulf Coast (minus …
Another challenge is made to the OGE storm funding measure at Supreme Court
The list of legal challenges has grown to the Oklahoma Development Finance Authority’s legal request of the State Supreme Court for a decision on OG&E’s $739 million in February 2021 storm costs. Yet another protest filed this week. Gail and Larry Foster of Edmond filed theirs on Jan. 19, one day after a second former …
ONG storm cost review delayed by Oklahoma regulators
Oklahoma regulators on Thursday delayed their handling of the nearly $1.3 billion securitization request of Oklahoma Natural Gas until January 25. The request for a delay was announced Thursday morning by Oklahoma Corporation Commission chair Dana Murphy. Commissioners agreed to continue the hearing until 2:30 p.m. on Tuesday, January 25. The hearing on ONG’s …
Kingfisher County is home to more big Ovintiv wells
Ovintiv USA Inc. reports two more large producers in Kingfisher County, an area that has been a proven sweet spot for the company. In a recent filing with the Corporation Commission, Ovintiv reported production from two wells on a single pad totaled nearly 2,800 barrels a day. Whether the two wells were the only …
