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Energy briefs
** Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all. The Internal Revenue Service said Wednesday that most of the payments people who live near East Palestine, Ohio, received to help them pay for temporary …
OKC attempts to inform developers of water rules
The Oklahoma City Utilities Department has released a Private Development Design Manual that outlines current and new requirements for water and wastewater infrastructure for private development. The new requirements take effect Nov. 1, 2024. The design manual covers approved construction methods, standards for sanitary sewer, and much more. Among the pages are several crucial …
Crude oil rebounded in Wednesday’s trading
After a rough first two days of the week, crude oil prices finally rebounded on Wednesday, going back up 1% from four-month lows. Observers say the prices were buoyed by hopes of a September interest rate cut by the Federal Reserve. Those hopes apparently overcame any disappointment over increased U.S. crude and fuel stocks. As …
Williams wins again in court against Energy Transfer
Another big win for Tulsa’s Williams Cos. in its years-long fight with Energy Transfer after the two failed in their merger attempts some years ago. Bloomberg reported a Louisiana court granted a permanent injunction to stop Energy Transfer (ET) from interfering with Williams’ Louisiana Energy Gateway natural gas project. The ruling by Louisiana’s 36th Judicial District …
US and Cushing crude stocks increased in past week
As crude oil prices dropped since OPEC+ decided over the weekend to continue with production cuts into 2025, crude oil stocks increased in a surprise move across the U.S., including the Cushing Hub in Oklahoma. Nationally, stocks increased by 1.2 million barrels, according to the U.S. Energy Information Administration. The total grew from 454.7 …
Heat blast leaves its mark in southwest Oklahoma
The heat blast that worried electric producers in the South and Southwest left its mark on Oklahoma this week as one town in southwest Oklahoma hit an early heat index of 113. It was in the Tillman County town of Grandfield and the 113 heat index, according to Oklahoma Mesonet Climatologist Gary McManus, was the …
Bump in the road for $1.2 billion solar farm in Wyoming
Maybe it’s more than a bump in the road for Enbridge Inc. and its plans for a $1.2 billion solar farm development near Cheyenne, Wyoming. Maybe it’s the road itself. As OK Energy Today has reported previously, the company had planned to construct the farm on private land and provide electricity to a Meta …
Trump vows to eliminate Interior Department if he wins White House
If former President Donald Trump is re-elected to the White House, Interior Secretary Deb Haaland will be out of a job. Not just out of work, but the department she currently heads under the Biden administration will be gone. History! It’s the vow made by Trump in a recent interview with Fox News’ …
Oil and gas employment in Texas soared to highest mark since 2011
The Texas Oil and Gas Association is celebrating a big boost in energy employment in the state. According to newly released data from the Texas Workforce Commission, employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March, representing the highest single month growth in upstream …
New chairman named at Devon Energy’s board of directors
Devon Energy has a new chairman of its board of directors. The Oklahoma City energy company announced the board appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while also …