PEMA Professional Energy Marketers Association
Why would the Oklahoma legislature be studying and perhaps even drafting ROFR (right of first refusal) legislation for 2024 that could further increase electricity prices? The answer is long and involved and that’s the focus of this week’s episode of Scott Mitchell Talks Energy with Jerry Bohnen. The post …
Read More »Crude makes another decline as Israel moves deeper into Gaza
Investors apparently aren’t as concerned that the fighting in Gaza will cause a great disruption of oil production in the Middle East. Crude price on Tuesday dropped every so slightly as data was also released showing gains in crude oil production from OPEC and the U.S. Between WTI and …
Read More »Chesapeake recorded slight drop in 3Q production but still had strong revenue
The third quarter earnings report released Tuesday by Chesapeake Energy showed a drop in the results of its oil and gas production but income still produced a strong quarter for the Oklahoma City company. Adjusted net income for the third quarter was $155 million or $1.09 a share , …
Read More »Hern pushes for return of tough sanctions on Iran
Oklahoma Congressman Kevin Hern wants to create the toughest Iran sanctions ever proposed by Congress. As leader of the Republican Study Committee,the Tulsa Representative was joined by former Chairman Jim Banks of Indiana and RSC National Security Task Force Chairman Joe Wilson of South Carolina in introduction of the …
Read More »OKC creates lanes for city buses
Motorists in Oklahoma City are being alerted to the city’s creation of street lanes just for city buses. Oklahoma City’s first bus lanes are here to support RAPID NW! Pavement marking and signage installation are underway in the outer right lanes of: NW Expressway between Independence Ave. & Classen Blvd. Classen Blvd. between …
Read More »ONE Gas reports increased earnings in 3Q
ONE Gas, Inc. reported a continuation of increased net income in the third quarter of the year, showing net income of $25.2 million or 45 cents a share. The total compared to $23.7 million and 44 cents a share in the third quarter of 2022, according to the company’s …
Read More »Crude oil and Oklahoma energy stocks dropped in Monday’s trading
Crude oil prices have been on a roller coaster ride, gaining 3% last Friday and falling nearly 4% in Monday’s trading. Why the fall? Mostly because fears have declined about the possibility that the Israel-Hamas war will disrupt oil supplies in the region. Plus, there is the matter of this …
Read More »Colorado oil and gas operator ordered to post $133 million bond for unplugged wells
Already at odds with Colorado regulators, oil and gas operator P. Kauffman just entered a higher level of fight over its more than 1,000 unplugged wells. State regulators recently ordered the company to post a $133 million bond to assure its 1,089 wells will be properly plugged. The order …
Read More »Cracking down on E-scooter riders in OKC
Oklahoma City is considering a new ordinance to require E-scooter drivers to obey traffic laws just as drivers of cars and trucks have to do. The Oklahoman reports the new restrictions might be in place by December. It’s already illegal to ride the electric scooters that are available for …
Read More »Broadband Office takes next step in plans for $800 million in federal funding
The Oklahoma Broadband office is reaching out to Oklahomans about ways to use nearly $800 million in federal grant funds for high-speed internet expansion in the state. Oklahomans are asked to comment about what the OBO has come up with so far. The OBO has posted the BEAD Initial Proposal …
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