OK Energy News

Monday’s trading brought a 2% gain for crude oil prices as they hit a four-month high following word of lower crude exports from Iraq and Saudi Arabia. Plus, there were indications of stronger demand and economic growth in China, according to Reuters. West Texas Intermediate crude, considered the U.S. benchmark, …

  U.S. Senator John Barrasso (R-WY), ranking member of the Energy and Natural Resources (ENR) Committee, joined Senators Dan Sullivan (R-AK), Roger Wicker (R-MS) and Jim Risch (R-ID) in sending a letter to President Biden’s Climate Envoy John Podesta, urging an “immediate reversal” of the Biden administration’s ban on new LNG exports. Specifically, the …

  A bill that is still considered a “live round” in the Oklahoma legislature would give per diem expenses and reimbursement for mileage to certain statewide election officers, many who are paid more than $100,000 a year. Senate Bill 1388 was authored by Sen. Jessica Garvin of Duncan. “This was …

  Ever since a Tulsa federal judge ruled against Enel Green Power and ordered it to remove 84 wind turbines built several years ago in Osage County, Enel has been racking up the legal bills. According to energy and political writer Robert Bryce, the wind energy company is fighting the …

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. …