August 15, 2022 archive

Gas prices keep falling—Oklahoma third lowest average nationally

  Oklahoma had the nation’s third lowest average for gasoline prices on Monday while the national average fell a dime in the past week to $3.95. Triple A reported the national slip was due primarily to stable oil prices and fewer drivers than usual fueling up. The national average for a gallon of regular gas …

Continue reading »

Strong winds, falling tree and power lines caused massive New Mexico fire

  Power lines are believed to have caused the massive April fire that killed two persons and destroyed more than 200 homes in the Ruidoso, New Mexico area. The Albuquerque Journal reports it is the finding of a state investigator who said strong, gusty winds topped a drought-stressed tree causing electrical lines to arc and …

Continue reading »

Defense contractor opens Tinker AFB office

  Headquartered in Florida, AllClear Aerospace & Defense announced the opening of its new sales office located in Oklahoma City, OK. With operations in  Abu Dhabi, United Arab Emirates, Camarillo, CA; Chatsworth, CA; Greenville, SC; Macon, GA; Miramar, FL; Seoul, S. Korea; Singapore, South San Francisco, CA; and Tokyo, Japan, the company’s Oklahoma office is …

Continue reading »

Civeo repurchases $11 million in shares

  Canadian-based Civeo Corporation, the man-camp operator with a facility in Oklahoma, announced the repurchase of nearly $11 million in common shares from a shareholder. The deal involves 375,000 common shares representing 2.6% of the fully-diluted common shares outstanding. “Today’s announcement reflects our confidence in Civeo’s business outlook, and this transaction provides an opportunity to …

Continue reading »

No lack of other energy headlines

** Some Alaska environmental advocates say the proposed congressional climate bill “causes more harm than good” by requiring oil and gas leasing and incentivizing critical mineral mining. ** Analysts are skeptical of the U.S. mining industry’s ability to produce enough electric vehicle battery minerals to meet deadlines in the proposed congressional climate bill. ** A company proposes using abandoned oil wells to explore …

Continue reading »