Friday , March 29 2024

Commissioner asks “where’s the beef?” about audits of ratepayer-backed utility bond issues

  Nearly six months after a one-page audit of ONG’s $1.3 billion February 2021 Winter Storm ratepayer-backed bond financing was sent to the Governor, Oklahoma legislative leaders and the Oklahoma Development Finance Authority, Corporation Commissioner Bob Anthony still can’t believe no one wants a more in-depth audit. In a filing …

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Snow in the Panhandle and freezing weather still with parts of Oklahoma

  Don’t put out those tomato plants quite yet. Hard freezes are coming in Oklahoma. It’s the latest word from Oklahoma Climatologist Gary McManus. “That’s okay though (it’s not really, but humor me). We’re still a week or three away from our average last spring freeze,” he wrote in his …

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House Republicans announce energy legislation blitz

  Look for Oklahoma’s Republican members of the U.S. to be active this week in supporting a handful of GOP bills aimed against President Biden’s green energy push that targeted the oil and gas industry. The House GOP leadership announced over the weekend it intends  to launch a blitz of …

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Geothermal energy development—can it cause earthquakes?

  Could another energy development plan cause more earthquakes in Oklahoma and elsewhere? It’s a question being raised by some who worry geothermal energy generation might cause earthquakes the same way oil and gas did in Oklahoma, Texas and other parts of the nation. Oklahoma’s earthquakes were reportedly caused by …

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Nation’s rig count takes a fall while Oklahoma remains steady

  More rigs were pulled out of oil and gas drilling across the nation over the past week. The nation’s oil and rig count dropped by 5 in the past week, falling to 624, according to the weekly rig numbers released on Friday by Baker Hughes Co. Oklahoma’s count remained …

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Possible ceasefire in Gaza sent crude prices down on Friday

The possibility of a ceasefire in Gaza resulted in weaker crude benchmarks on Friday. But as Reuters reported, the shrinking U.S. rig count cushioned the fall. Observers believe if peace talks are successful, it might convince Yemen’s Houthi rebels to allow oil tankers to pass unharmed through the Red Sea. …

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Matrix makes major construction contract with Belgium fertilizer firm

Tulsa’s Matrix Service Company just made a major deal to provide engineering, construction and industrial services to a Belgium company. Matrix did not reveal the financial content of the contract its subsidiary, Matrix PDM Enegineering made with Engicon nv headquartered in Harelbeke, Belgium. Under the memorandum of understanding, Matrix will …

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Crude oil ended weaker following Thursday’s trading

Weaker U.S. gasoline demand data led Thursday to a drop in crude oil prices. Adding to the pressure was a UN draft resolutlion that called for a ceasefire in Gaza. West Texas Intermediate crude for May fell 20 cents or 0.3% to $81.07 a barrel on the New York Mercantile …

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ConocoPhillips to release 1Q earnings report in early May

    Make a note if you are an investor in ConocoPhillips. The oil and gas company plans to release its first quarter 2024 financial results before the market opens on Thursday, May 2. It will followup the release with a conference call on the same day at 11 a.m. …

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