A hearing over an agreement covering the more than $1.3 billion in February storm natural gas costs by Oklahoma Natural Gas begins Monday morning before an Administrative Law Judge at the Oklahoma Corporation Commission. The hearing will cover a proposed settlement of the case that focuses on ONG’s extreme purchase costs in the amount …
Crude oil hit 7-week low in Friday’s trading–energy stocks slid too
Another big drop in crude oil prices was recorded Friday as crude fell to a 7-week low in the markets. It also sent Oklahoma energy stocks tumbling for the day. West Texas Intermediate crude oil for December delivery fell $2.91 to $76.10 a barrel in trading on the New York Mercantile Exchange. That amounted …
Oklahoma Reps condemn Build Back Better
While Democrats celebrated passage of President Biden’s Build Back Better Act approved Friday in the House, Oklahoma’s congressional delegation was condemning the measure with one Representative calling it dangerous. “At a time when energy costs are skyrocketing, it’s troubling that this bill rejects an all-of-the-above approach to energy research and instead focuses almost entirely on …
New EPA Regional administrators named
The Environmental Protection Agency announced the appointment of three new regional administrators. The Region 8 Regional Administrator will be KC Becker who will handle the implementation of the Biden administration’s environmental agenda in Colorado, Montana, North Dakota, South Dakota, Utah, Wyoming and with 28 Tribal Nations. “With her background on critical climate change …
Continued poor highway ranking for Oklahoma
Despite the seemingly never-ending construction projects encountered by motorists on I-35 in Oklahoma, the state still ranks 36th in the nation in overall cost-effectiveness and condition according to the Annual Highway Report by Reason Foundation. This is a two-spot decline from the previous report, where Oklahoma ranked 34th. Oklahoma ranks in the bottom half of states in …
Hobbs firefighter named Devon hometown hero
Devon Energy’s Hometown Heroes program has honored a Hobbs, New Mexico firefighter. Lee Haines is one of two local first responders recently honored by the program that highlights the service and sacrifice provided by emergency responders, including law enforcement officials, firefighters, EMTs and city employees. “Lee’s resume as a firefighter, driver-engineer and paramedic is impressive, …
Tallgrass backs off Louisiana oil terminal plans
Kansas City-based Tallgrass pipeline operator is taking a second look at its $30 million land acquisition to build a new terminal at a site about 30 miles south of New Orleans. Purchased 3 years ago, the 600 acre site was meant to be where Tallgrass would build the Plaquemines Liquids HarbourTerminal, an operation capable …
Baker Hughes rig numbers grow nationally—steady in Oklahoma
The weekly rig report released by Baker Hughes shows an increase nationally while the count in Oklahoma remained steady at 44. Oklahoma’s count was unchanged from a week ago and also from the previous week, based on numbers offered by Baker Hughes. Nationally, numbers increased by 7 to 563 oil and gas rigs which …
Headlines of other energy stories
** The Build Back Better bill passed Friday in the House could expand tax credits on some EV models to up to $12,500 and make it easier for more people to qualify. ** The surging cost of gasoline and home-heating fuel is a political problem in itself. Energy is 7% of the typical family’s budget, and …
Colorado natural gas producer honored by UN
A U-N-related climate organization has honored the 7-year old Denver-based Jonah Energy company for its plans to reduce methane emissions. It was the first U.S. company to receive the honor from the International Methane Emissions Observatory reported the Denver Business Journal. Click here for Denver Business Journal.
