While home-heating financial assistance from federal programs is based on income levels, the funding assistance rose dramatically in Oklahoma from 2021 to 2022 according to figures provided by the state. The funding increased by millions of dollars, an indication that rising utility rates might have had a real impact on financial situations for families …
New federal office created for abandoned well plugging as Oklahoma moves forward
As Oklahoma moves ahead with federal funding of an abandoned well-plugging effort, there’s now a new federal office to handle such cleanup projects across the U.S. U.S. Secretary of the Interior, Deb Haaland announced this week she created an office to make sure there is efficient use of the Biden administration’s $4.7 billion investment …
Headlines of other energy stories
** Federal Reserve Chairman Jerome Powell said Tuesday it would be “inappropriate” for the central bank to plunge itself into the fight against climate change. ** Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events reported …
No comment from trade unions over new Keystone XL pipeline report
When the Keystone XL pipeline project was canceled by President Biden, labor unions had plenty to say, and they weren’t kind to the White House. But this week, they had little to say when a new government report, yes by the Biden administration, admitted the cancellation hurt the country’s economy. As Fox News pointed …
Crude prices up after EIA prediction on world oil consumption
Oil prices made slight gains Tuesday but Oklahoma energy stocks suffered losses after the U.S. Energy Information Administration predicted record global petroleum consumption next year. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like India and China, reflecting trends in …
Lucas chosen to chair House Science Committee
With Republicans now in control of the U.S. House, Oklahoma Rep. Frank Lucas was chosen this week to chair the House Science, Space, and Technology Committee of the 118th Congress. “I am deeply honored that my colleagues have chosen me to lead the Science, Space, and Technology Committee,” said Lucas who had been the …
PSO curtailment program approved by regulators
Oklahoma Corporation Commissioners have approved a special tariff proposed by Public Service Company of Oklahoma to help reduce the cost of electric services to certain participating customers. But not all. Approval came on a 3-0 vote last week despite opposition by the Oklahoma Industrial Energy Consumers whose attorney, Thomas Schroeder argued the Voluntary Curtailment …
Hamm to keynote OKC meeting of Energy Workforce
Billionaire oilman Harold Hamm will be the keynote speaker at the Energy Workforce’s Oklahoma chapter luncheon this month in Oklahoma City. The founder and executive chairman of Continental Resources, a company that Hamm just recently returned to full-private ownership by his family, will speak Jan. 26 at 11:30 a.m. The event will be held …
Helmerich and Payne’s 1st quarter report to be released this month
Tulsa’s Helmerich & Payne plans a release of its first quarter 2023 earnings report later this month. Investors likely are curious whether the company was able to continue its jump in net income recorded at the end of 2022. It plans a Tuesday, Jan. 31, 2023 conference call at 11 a.m. featuring John Lindsay, …
OGE partners with Meals on Wheels for new OKC delivery route
OG&E announced a donation and special partnership with St. Luke’s United Methodist Church to support Meals on Wheels Oklahoma City. The OGE Energy Corp. Foundation’s $50,000 donation will allow Meals on Wheels to add a new route to their service in west Oklahoma City, and OG&E employees will serve as volunteers to deliver the …