PEMA Professional Energy Marketers Association

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. …

  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 …

  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 …

Attorney General Gentner Drummond is leading a group of 24 state attorneys general and one state legislature in challenging the Environmental Protection Agency’s (EPA) new methane emissions rule. The coalition has filed a petition in the United States Court of Appeals for the District of Columbia Circuit to block the …

    A plan by New Mexico Gas Company to build a LNG storage facility outside Rio Rancho, New Mexico was recently denied by the state’s Public Regulation Commission. The project had been opposed by residents and environmentalists and the PRC decided the cost was its main objection. “It just …

  Tesla’s 10-million-square-foot factory in East Austin, Texas is installing an estimated 70,000 solar panels to help provide electrical power to the EV manufacturing plant. At the same time, the EV maker has shifted more of its battery cell production from a German factory to Gigfactory Texas according to Electrek. …

  The number of active oil and gas rigs in Oklahoma fell by one to 44 in the past week, while nationally, there was a gain of seven to reach a total of 629 reported Baker Hughes Co. on Friday. Oklahoma’s count of 44 compares to the 62 rigs reported …

Despite a slight dip in crude oil prices on Friday, they still finished the week more than 3% higher because of rising demand from US refiners completing planned overhauls. Once again, natural gas prices slipped in Friday’s trading. West Texas Intermediate crude dropped 17 cents or 0.21% to close trading …

    Nearly $1 million in federal funds aimed at helping Native American tribes with what are called climate resilience projects is going to four tribes in Oklahoma. It’s part of $120 million in funding for 146 Indian projects across the U.S., according to an announcement by the Interior Department. …

  A new report contends oil and gas wells, pipelines and compressors across the U.S. are emitting three times the amount of methane into the atmosphere as the government claims. The lead author of a study in journal Nature says it’s cost more than $9 billion a year in climate damage. …