Friday , May 3 2024

OK Energy News

AG Drummond and others go to court in fight against EPA’s latest methane emissions rule

  Attorney General Gentner Drummond and a 25-state coalition he is leading have filed a motion to stay the Environmental Protection Agency’s (EPA) new methane emissions rule. Filed Friday in the U.S. Court of Appeals for the District of Columbia Circuit, the motion follows a petition introduced last month by …

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Government just moved to make it cost more for drilling on public lands

  The Biden administration’s continued war on the oil and gas industry took another step on Friday when the Interior Department finalized a new federal rule that will likely increase the cost of drilling on public lands. It came as the White House just took an opposite step to help …

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Growing worries about escalating warfare in the Middle East sent crude prices up on Friday

  The growing prospects of an Iranian response to an apparent attack by Israel that killed 7 Iranian military members in Syria resulted in a Friday 1% gain in crude oil prices. Some believe Iran might respond and added to Israel’s fighting in Gaza, it only resulted in more concern …

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Chesapeake Energy and Southwestern prepare for special shareholders meetings to vote on proposed merger

  Chesapeake Energy has filed a proxy statement indicating it plans a special shareholders meeting to seek approval of its proposed $7.4 billion merger with Houston-based Southwestern Energy. But the filing with the SEC did not declare a date or time for the meeting as it apparently is undecided because …

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Farm supporters fight proposed solar project near Lawrence, Kansas

    Evergy’s plan for a 600-acre solar farm near Lawrence, Kansas has generated opposition by residents who believe it will remove valuable farmland from agricultural production. It even drew the attention of noted land artist Stan Herd who created an earthwork installation that reads: “Save Prime Farmland. Relocate Utility …

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Inflation worries send crude prices downward

  Crude oil prices finished down on Thursday—so did most Oklahoma energy stocks. And for the first time in weeks, world oil prices dropped below $90 a barrel. Inflation predictions played a role in things as analysts believe it will not bring lower U.S. interest rates. Plus, there’s the matter …

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OGE contends it was a “victim” of winter storm market manipulation

  A day after the Oklahoma Attorney General sued two natural gas suppliers and accused them of illegally hiking natural gas prices during the 2021 winter storm, a spokesman for Oklahoma Gas and Electric defended his utility and said it was a “victim” of the alleged market manipulation. Bill Hume, …

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One survey suggests Oklahoma is among the top 10 least environmentally friendly states

  A report by the personal-finance website WalletHub contends Oklahoma ranks 41st on a list of 2024’s Greenest States. WalletHub compared the 50 states in terms of 25 key metrics that speak to the current health of the environment and residents’ environmental-friendliness. The data set ranges from green buildings per …

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