PEMA Professional Energy Marketers Association
Legislation to modify the formula for determining motor vehicle excise tax on vehicle purchases passed unanimously this week in the House Appropriations & Budget Subcommittee for Finance. House Bill 1389 is authored by Rep. Steve Bashore, R-Miami, who ran similar legislation last session. “This is a pro-consumer bill that …
Read More »Trading of Unit Corporation makes another step up
Tulsa’s Unit Corporation just moved up in trading on the over-the-counter market or OTCQX Best Market. The move was announced Wednesday in a company filing with the Securities and Exchange Commission. It is considered an upgrade from the Pink market. The OTCQX roster, also called the OTCQX Best Market, …
Read More »Strong winds left thousands without power in OGE system
Strong winds in Oklahoma on Tuesday caused power outages for Oklahoma Gas and Electric. An estimated 8,200 customers were without service as of late in the afternoon. Winds gusting to 50 mph were blamed for the outages. OG&E said the winds damaged the power lines and equipment. The outages …
Read More »Crude oil prices slipped while OK energy stocks made moderate gains
The announcement that the U.S. Energy Department plans to sell 26 million barrels of oil from the Strategic Petroleum Reserve sent crude oil prices lower more than 1% on Tuesday. West Texas Intermediate crude for March delivery dropped $1.08 a barrel to $79.06 on the New York Mercantile Exchange. Global …
Read More »Groups join forces to fight anti-solar bill in Arkansas
More than 90 Arkansas businesses, farm groups, cities and counties joined in their opposition to a legislative bill that would eliminate net metering for renewable energy. The organizations came out against newly filed HB 380 that they contend would raise electric bills and kill thousands of solar industry jobs …
Read More »Critics want reform of Kansas Corporation Commission
The same kind of complaint that the Oklahoma Corporation Commissioners too often bow to the rate demands of utilities rather than protecting consumers has been made in Kansas. It was there this week that an executive of Spirit AeroSystems pleaded with the Kansas Senate to reform membership and operations …
Read More »Early approval for 2-year vehicle registration in Oklahoma
Rep. Dean Davis, R-Broken Arrow, won unanimous passage this week of a bill that would allow personal vehicle owners the option to register every two years instead of annually. House Bill 2011 directs Service Oklahoma to promulgate rules and procedures to establish an option for a biennial registration for …
Read More »Legislative bill would allow competition in Oklahoma’s electricity market
Oklahoma State Rep. Ryan Martinez (R-Edmond) filed legislation that would help reduce Oklahoma’s skyrocketing electrical bills by injecting choice and competition into the electricity market. HB 1602 would give commercial and industrial customers currently in OG&E or PSO territories the option of purchasing electricity from other vendors beginning in January …
Read More »Permits to drill for February 13, 2023
Carter County AWU #51, February 13 2023 35 3S 2W SENWNESW API: 01926541 Lat: 34.25099691013483, Long: -97.38145185192785 KODIAK OIL & GAS INC SH, DR, 1100 ft, PERMIAN(800) Carter County AWU #50, February 13 2023 35 3S 2W NENWNESW API: 01926540 Lat: 34.251818491960485, Long: -97.38148488551329 KODIAK OIL & GAS INC SH, DR, 1100 …
Read More »Completion reports for February 13, 2023
CREEK COUNTY Wfd Oil Corporation Skinner(2206): Oil 55 Flow 28 15N 9E Bringing Home The Bacon 1-28, November 01, 2022 SH, OIL, TD: 2450 ft Lat: 35.74734, Long: -96.36416 API: 35037294930000 GARVIN COUNTY Daylight Petroleum Llc Gibson(7032): Oil 15 Water 25 Pump 31 3N 2W Juanita 2, December 20, 2022 SH, OIL, TD: 8803 ft Lat: 34.68652, Long: …
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