PEMA Professional Energy Marketers Association
They’re major pocket book issues and have the potential to affect tens of thousands of utility ratepayers throughout Oklahoma. We’re talking ROFR and the proposed rate hike on renewable energy in Oklahoma. Scott Mitchell and Jerry Bohnen discuss it at length in the latest podcast of Mitchell Talks Energy. Click …
Read More »Diesel fuel shortage in Europe sends crude oil prices up in Monday’s trading
Europe is facing a shortage of diesel fuel because of Russian sanctions and shipping disruptions and as a result, crude oil prices gained in Monday’s trading. Combine that with limited U.S. refinery output because of planned overhauls and you have a recipe for higher prices. West Texas Intermediate rose $1.09 …
Read More »Higher earnings reported in 4Q by ONEOK
Higher fourth quarter earnings were reported by ONEOK. It also said the 2023 results also increased. In a release on Monday, the company cited net income of $688 million or $1.18 per share in the fourth quarter along with adjusted EBITDA of more than $1.5 billion. At the same …
Read More »Effort to close some of Oklahoma’s Open Meetings Act before House Committee
While members of an Oklahoma state House committee prepare to hold a hearing this week on a bill to grant certain exemptions from the Open Meetings Act to the Oklahoma Corporation Commission, a similar attempt in Kansas is reported to be dead. Ardmore Rep. Tammy Townley’s HB2367 would make the three …
Read More »Record high temperatures Tuesday before cold weather hits us again
The map above depicts the potential situation this week for western Oklahoma as temperatures could hit record highs into the mid 80s before plunging more than 30 degees Tuesday night. Here’s how Oklahoma Mesonet Climatologist Gary McManus described things in his Mesonet update. “Now along the way to that …
Read More »Crazy weather in Oklahoma this week
What a week of crazy weather in Oklahoma. Temperatures on Monday could hit 85 to 86 degrees in central Oklahoma and do it again on Tuesday before taking an estimated 33-35 degree plunge Tuesday leading to highs on Wednesday in the low 50s. But there is a caution about wildfire …
Read More »Gains seen in oil and gas rig numbers in Oklahoma and U.S.
The number of oil and gas rigs active in Oklahoma increased by two in the past week and the total for the U.S. did the same, according to the latest figures released by Baker Hughes Co. Oklahoma’s count grew to 44, still far behind the 62 reported one …
Read More »Legislative attempt to exempt Corporation Commission from Open Meetings Act
An effort is underway in the Oklahoma legislature to make the Oklahoma Corporation Commission exempt in some of its work from the state’s Open Meetings Act and allow certain meetings of the commissioners without notifying the public. The bill, HB2367 by Rep. Tammy Townley of Tulsa, would allow …
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The fight over ROFR or Right of First Refusal at the State Capitol in Oklahoma just became a hardball game, and it’s resulted in something of a firestorm for the state’s renewable energy industry. House Speaker Charles McCall, reportedly “furious” over the opposition by NextEra Energy to a possible …
Read More »Senior VP retiring at Helmerich and Payne
Tulsa’s Helmerich & Payne announced the retirement of Senior Vice President and Chief Financial Officer Mark W. Smith. He intends to retire in August of 2024 and the company has already launched a search to identify CFO candidates. Once he retires, Smith will remain as a senior advisor to …
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