Oklahoma City was one step away from the bottom of a list of cities showing improvements in the 2017 City Energy Efficiency Scorecard released by the American Council for an Energy-Efficient Economy. The city was ranked 50th in the list of cities that are working to reduce energy waste. Oklahoma City earned 8 points of …
May 11, 2017 archive
OERB Report Indicates More Oil and Gas Industry Growth in 2017 in Oklahoma
A new annual report by the Oklahoma Energy Resources Board shows the state’s oil and gas industry continues growing in 2017 with an impact of creating one in every six jobs in Oklahoma. The 2017 Economic Impact and Jobs Report also shows that the industry still supports 21 percent of the state’s economy with …
Democratic Attorneys General Sue Trump Administration Over Reversal of Coal Lease Program
In a reversal of sorts, New Mexico and three other states filed suit this week against the Trump administration over the President’s decision to restart the sale of coal leases on federal lands. When it comes to environmental issues, it has been Republican Attorneys General who went to court in the past several years against …
NTSB Joins Probe of Deadly Natural Gas Explosion in Colorado
The federal government has joined the probe into a natural gas explosion that destroyed a Firestone, Colorado home and killed two men last month. The National Transportation Safety Board has started looking into the matter because pipelines are a method of transporting oil and natural gas. The Denver Post reported this week investigators are probing …
Move to Scrap Methane Waste Rule Fails in U.S. Senate
Most U.S. Senators from oil and gas producing states voted Wednesday in support of a Congressional Review Act move to scrap the Obama-era rule to control methane waste on public lands. But in the end, the vote failed 49-51 leaving other options to either repeal or change the regulation. Oklahoma U.S. Senators Jim Inhofe and …
SandRidge Posts $51 Million Net Income for First Quarter of 2017
Oklahoma City-based SandRidge Energy Inc. reported a first quarter net income of $51 million, or $1.90 a share, according to a report by The Oklahoman. This compares with a reported loss of $313 million, or 47 cents a share, during the first quarter of 2016. James Bennett, SandRidge President and CEO reported the company had …
Brent Crude Settles Above $50 as Oil Futures Rally on Wednesday
Crude oil futures rebounded on Wednesday after government data revealed the biggest weekly decline in domestic crude supplies so far this year, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude rose $1.45, or 3.2%, to settle at $47.33 a barrel. July Brent crude, the global benchmark, added $1.49, or 3.1% …