Sunday , April 28 2024

Energy News

Broadband Advisory board to get update on statewide expansion plan

    Updates will be given Wednesday on the progress of Oklahoma’s use of $374 million in federal funding for the expansion of broadband service to rural areas of the state. The Oklahoma Broadband Expansion Council will meet at 10 a.m. on Wednesday in its capacity as an advisory board …

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BlackRock loses $8.5 billion Texas contract because of anti oil and gas policies

  Recent SEC filings showed how BlackRock investment had reportedly eased its anti-oil and gas stance and actually held investments in Oklahoma oil and gas firms. But in Texas, the company learned this week, its $8.5 billion investment contract with the Texas State Board of Education was terminated, ripped apart, …

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How crazy is this….people stood in line all night to be first customers at Colorado’s first Buc-ee’s

    Crowds started gathering late Sunday night.  Not to be first in line for a concert or a footbal game in Colorado. It was for Monday’s grand opening of the state’s first Buc-ee’s store, one located on I-25 north of Denver. Hard to believe, isn’t it? People stood in …

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Crude oil prices hit 4-month high while natural gas made a gain too

Monday’s trading brought a 2% gain for crude oil prices as they hit a four-month high following word of lower crude exports from Iraq and Saudi Arabia. Plus, there were indications of stronger demand and economic growth in China, according to Reuters. West Texas Intermediate crude, considered the U.S. benchmark, …

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Senators repeat their call for Biden administration to end freeze on new LNG exports

  U.S. Senator John Barrasso (R-WY), ranking member of the Energy and Natural Resources (ENR) Committee, joined Senators Dan Sullivan (R-AK), Roger Wicker (R-MS) and Jim Risch (R-ID) in sending a letter to President Biden’s Climate Envoy John Podesta, urging an “immediate reversal” of the Biden administration’s ban on new LNG exports. Specifically, the …

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Corporation Commissioner wants to be paid mileage and per diem for travel to State Capitol

  A bill that is still considered a “live round” in the Oklahoma legislature would give per diem expenses and reimbursement for mileage to certain statewide election officers, many who are paid more than $100,000 a year. Senate Bill 1388 was authored by Sen. Jessica Garvin of Duncan. “This was …

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Large law firms hired by Enel Green Power in fight to save wind turbines in Osage County

  Ever since a Tulsa federal judge ruled against Enel Green Power and ordered it to remove 84 wind turbines built several years ago in Osage County, Enel has been racking up the legal bills. According to energy and political writer Robert Bryce, the wind energy company is fighting the …

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More criminal charges against contractor

The Office of the Attorney General added four more counts of embezzlement against Oklahoma contractor Benjamin Moore in Pottawatomie County District Court. Moore was charged in October with nine counts of felony embezzlement and a pattern of criminal offenses following an investigation by Attorney General Gentner Drummond’s Consumer Protection Unit. …

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Vital Energy ups notes offering to $800 million

  A day after Tulsa’s Vital Energy announced a $575 billion senior note offering, the company increased it to $800 million. The newest offering involves 7.875% senior notes due 2032 at 100% of par and is expected to close March 28. Vital intends to use the net proceeds of the …

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Oklahoma House votes in support of bill to allow behind the scenes discussions by Corporation Commissioners

  It would appear the transparency that Oklahoma legislators have emphasized in recent years might be on its way to being a victim of efficiency. The Oklahoma House voted Thursday in support of Ardmore Rep. Tammy Townley’s HB2367, the Oklahoma Corporation Commission Efficiency Act. The vote was 54-32 to grant …

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