PEMA Professional Energy Marketers Association
Talk about wind….it’s what hit eastern Wyoming earlier in the month and power crews are still busy replacing nearly 600 utility poles that were downed in the storm. Snow fell and 50-mile an hour winds gave it added forcing, downing 590 power miles for the High West Energy …
Read More »Increased gasoline prices hold steady in Oklahoma
Gasoline prices are holding at higher amounts this week, reaching an average of $3.22 per gallon across Oklahoma. It’s a penny less than a week ago but 15 cents more than one month ago reports the American Automobile Association. Still, you could live in California where the average is …
Read More »Chesapeake Energy to release 1Q earnings report
As it prepares for its merger with Southwestern Energy later in the year, Oklahoma City-based Chesapeake Energy Corporation plans a release of its first quarter operational and financial results. They will be made public after the close of markets on Tuesday, April 30. Company leaders plan to take part …
Read More »Controversial solar farm approved near Lawrence, Kansas
After nine hours of testimony, County Commissioners in Lawrence, Kansas approved a permit to allow construction of a 600-acre solar farm near the city. Farmers and other landowners opposed the Kansas Sky Energy Center, a project financed by Evergy. Environmentalists and others supported the project that, according to Solar …
Read More »Solar eclipse produced millions in tourism revenue for Oklahoma
The solar eclipse that attracted visitors to Oklahoma also brought in an estimated $42 million in tourism revenue reported the Oklahoma Tourism and Recreation Department. The figure is based on attendance of nearly 123,000 visitors to seven state parks who came to view the full or partial totality …
Read More »Crude oil prices dropped 3% in Wednesday’s trading
Crude oil prices and Oklahoma energy stocks were down in Wednesday’s trading….oil by 3% due to an increase in US commercial inventories along with weaker economic data out of China. Analysts suggested that investors are still keeping a wary eye on what develops in the Middle East where Israel …
Read More »Oklahoma’s municipal bond market effort to resume after two-year absence
The Oklahoma Capitol Improvement Authority, the state’s largest issuer of tax-backed debt, will return to the municipal bond market on Thursday for the first time since 2022. The Authority is scheduled to price nearly $168 millionof fixed-rate State Facilities Revenue and Refunding Bonds, designated the Series 2024A and 2024B Bonds, to …
Read More »US crude oil supplies increased in past week but Cushing stock stocks were steady
The U.S. Energy Information Administration reported the national crude stocks grew from 457.3 million barrels of oil reported on April 5 to 460 million barrels as of April 12. It marked another increase since March 29 when the national crude storage amounted to 451.4 million barrels. Cushing’s total …
Read More »Attorney General says public needs to see confidential records in his lawsuits over winter storm market manipulation
Oklahoma Attorney General Gentner Drummond is asking a judge to determine whether confidential records used as the foundation for his “market manipulation” lawsuits against two energy firms have to remain confidential during any trial. Five days after his office sued two Texas energy firms and accused them of …
Read More »BLM bidding rule could affect Oklahoma oil and gas companies with operations in Wyoming
An oil and gas industry group in Wyoming is giving serious thought to heading to court to fight the Biden administration over its early-April rule that will make it more difficult for some oil and gas firms from bidding for energy leases on public lands. Here’s why the consideration …
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