The Keystone pipeline restarted in part following last week’s 14,000 barrel crude oil leak into a creek in northern Kansas. An investigation has yet to determine the cause of the leak but a federal report revealed the operator received a 2017 special exemption that allowed the line to operate at pressures above the standard …
Crude oil gained more than $2 a barrel
After U.S. interest rates were not raised as much as they have in the past several months, crude oil prices ended up more than $2 a barrel in Wednesday’s trading. Forecasts from OPEC and the International Energy Agency of a rebound in demand next year also aided the price gain. The Fed raised its …
AARP calls for moratorium on utility rate hikes in Oklahoma
In light of the upcoming winter weather, AARP Oklahoma State Director Sean Voskuhl questions the preparation and communication by Oklahoma utility companies and calls for a moratorium on rate hikes and customer disconnections. “What steps have the utilities taken all the steps to ensure that all Oklahomans will have safe and reliable service? What have …
Permian Basin earthquakes result in curtailed water injections
Just like Oklahoma did a few years ago after a lengthy time of damaging earthquakes linked to oil and gas exploration, Texas regulators have adopted reductions in produced water injections in the Permian Basin. The Texas Railroad Commission took the action this week following a 5.4 magnitude earthquake that rumbled across Reeves County on …
Oklahoma regulators still deal with winter storm costs for utilities
The fallout from the February 2021 winter storm is still being felt by Oklahoma utilities and the Oklahoma Corporation Commission that regulates them. Corporation Commissioners meet Thursday morning to review and hold possible votes on the requests of four utilities to allow for natural gas cost or fuel cost adjustments—adjustments that would likely increase …
Evergy’s capital investment under scrutiny by Kansas regulators
The Kansas Corporation Commission began this week questioning and exploring Evergy’ five-year capital investment plan that will result in higher bills for consumers. Evergy wants to spending another $1.2 billion for the period and much of it would be spent on renewable energy projects reported KWCH TV. Click here for KWCH TV
Oil and gas tax revenue results in growing funds for New Mexico legislature
Thanks to the strength of oil and gas revenue, New Mexico legislators saw another increase in the amount of funds they will have to create a new state budget. The New Mexico Legislative Finance Committee released its Consensus Revenue Estimate for fiscal year 2024 which begins July 1, 2023. The projected revenue for Fiscal Year 2024 …
Interior official wouldn’t admit the President lied about oil production claims
Wyoming Sen. John Barrasso put Deputy Interior Secretary Tommy Beaudreau on the spot this week when he pressed him about President Biden’s statements on oil and gas During a Senate Energy and Natural Resources Committee hearing, the Republican Senator wanted to know which statement from the President was a lie…the one when he said …
Cushing hub maintains crude oil storage despite Keystone pipeline shutdown
Despite a shutdown of the Keystone pipeline because of an oil leak in northern Kansas, the diminished flow of oil into the Cushing hub was not reflected in the latest storage report from the government. The U.S. Energy Information Administration reported Wednesday Cushing contained 24.4 million barrels of oil as of Dec. 9. It …
Tribe wants to create shipping link along Missouri River
The Iowa Tribe of Kansas and Nebraska wants to follow in the footsteps of the Citizen Potawatomi Nation in Oklahoma by establishing a free trade zone and building a shipping nexus near the Missouri River. It would become the 8th tribe, according to the Bureau of Indian Affairs, to establish free trade zones since …