Natural gas-fired power generation across all sectors averaged 5.0 million megawatthours (MWh) per day in June 2021, 4% higher than the previous average June record set in 2020 reported the U.S. Energy Information Administration’s Electric Power Monthly. Despite daily natural gas spot prices at the Henry Hub averaging $3.26 per million British thermal units (MMBtu)—twice as …
Oil rallied on tight U.S. supplies but the rally didn’t help Oklahoma energy stocks
The growing signs of crude oil supply tightness as a result of Hurricane Ida in the U.S. caused oil prices to reach nearly $73 a barrel on Friday. West Texas Intermediate crude rose 2.3% or $1.58 to finish the day at $69.72 a barrel. Global benchmark Brent crude made the same 2.3% gain on …
Maverick wind farm now serving PSO customers
The second of three new wind facilities serving Public Service Company of Oklahoma (PSO) customers has begun commercial operation. Located southwest of Enid, the 287-megawatt (MW) Maverick facility is part of the 1,485-MW North Central Energy Facilities (NCEF) project. “PSO customers expect clean, renewable energy to be a growing part of our energy portfolio, …
What “Old Farmer’s Almanac” predicts this winter
If you’re a line repairman or work on oil and gas rigs in Oklahoma, the Old Farmer’s Almanac suggests it will probably be another tough winter in 2021 and 2022. The 230-year old publication claims its predictions are 80% accurate and this year, its annual forecast says the upcoming winter will be the “season …
Why Missouri’s largest wind farm is idle at night
The deaths of bats at the site of Missouri’s largest wind farm caused the owner to idle the operation so it wouldn’t kill more endangered and threatened bats. Now the move is playing a role in the company’s request to increase customers’ rates reported the Kansas City Star. Click here for Kansas City Star
Crude oil prices fell to two-week low
A decision by China to release state oil reserves resulted in a nearly 2% drop in U.S. crude oil prices in Thursday’s trading while Oklahoma energy stocks had a mixed response. West Texas Intermediate crude dropped 1.7% or $1.16 to finish the day at $68.14 a barrel. Global benchmark Brent futures fell $1.15 or 1.6% …
Federal Reserve Bank asks—where are all the workers?
The Kansas City Federal Reserve Bank takes a deep look into the problem faced by Oklahoma firms as well as those in virtually every other state in the nation—the inability to hire employees. From one state to another, restaurants beg customers to understand why their meals aren’t being served quickly on time—they don’t have …
Environmental Quality board meeting set for Oklahoma City
The Oklahoma Environmental Quality Board of the State Department of Environmental Quality plans a public forum next week in Oklahoma City. It will be held Tuesday, Sept. 14 after the regular business meeting of the board. The DEQ indicated there is no way to estimate now long the business meeting will last so there …
Biden to force 80 million private sector workers to get COVID vaccine
Those energy companies with at least 100 employees or more will apparently fall under the latest government edict coming from the Biden administration for COVID-19 coverage. How their leadership will react remains to be seen but Axios reported Thursday that the mandate will apply to more than 80 million Americans working the private sector. …
More Carter County drilling planned in Southern Oklahoma
Here’s where some of the latest drilling will take place in Oklahoma according to drilling permits approved by state regulators. Kodiak Oil and Gas received yet another permit to drill in Carter County. The HHU #826 is located at 27 4S 2W or about a mile northeast of the Black Gold Casino in Wilson. In adjacent Garvin …
