As the European Union prepared to enact a ban on Russian crude on Monday, oil futures on Friday dropped 1.5% in trading. The slip in prices also occurred a few days before the OPEC+ countries were scheduled to meet. West Texas Intermediate crude for January delivery dropped $1.24 a barrel to $79.98 in trading …
December 2, 2022 archive
Baker Hughes rig count shows another gain for Oklahoma
The latest Baker Hughes rig count released Friday showed Oklahoma’s latest count grew by one to reach 71. Nationally, numbers were unchanged this week from the previous week, staying at 784 oil and gas rigs. The number of oil rigs was unchanged at 627 and the number of gas rigs stayed at 155. The …
State senators named to head energy, transportation and aviation committees
The Oklahoma Republican legislative committee leadership roles and assignments were announced by Senate President Pro Tempore Greg Treat. Some of the committee assignments as indicated below, deal directly with transportation and energy. The 59th Oklahoma Legislature begins in February. “I have full faith in these individuals to develop ideas to advance our state,” Pro …
Empire District plans 13-year proposed storm payments for customers
Instead of seeking a controversial bond program to extend its 2021 Winter storm costs, Empire District Electric Company, a firm serving northeast Oklahoma, decided to use an alternative form of 13-year payments by customers. Empire asked the Oklahoma Corporation Commission for approval of a regulatory asset and special regulatory treatment to cover more than $6 …
Galvanic Energy seeks partner for lithium development
Oklahoma City-based Galvanic Energy is spreading the word as it searches for a business partner to extract lithium from brine wells in Arkansas. The company posted a notice on its website that it’s open for business connections with the hopes of development of the lithium from the 120,000 acres leased in Columbia and Lafayette …
Canoo delivers tactical vehicle to US Army
Electric vehicle maker Canoo, the company with a plant under construction in Pryor and plans for another in Oklahoma City, announced its first delivery of a tactical vehicle to the Army. The company said the delivery of the Light Tactical Vehicle to the Army was for Analysis & Demonstration and part of the company’s …
US Senators want Route 66 to be declared a National Historic Trail
Make Route 66 a National Historic Trail? It’s what U.S. Sens. Jim Inhofe, James Lankford and Ted Cruz of Texas proposed in the filing of a bill to amend the National Trails System Act. Their bill, according to the announcement incorporates important safeguards to ensure that no future potential harm to energy development projects …
Northwest New Mexico coal mine closes operations
A northwest New Mexico coal mine has been shut down following the closure of the San Juan generating station near Farmington Work to seal all entrances to the San Juan Mine was slated to be finished by the end of November and reclamation work will begin soon reported the Farmington Daily Times. Click here …
Broadband Office launches campaign to verify FCC information
Oklahoma’s newly-created Broadband Office started a campaign to encourage Oklahomans to check their address for high-speed internet service to help determine how much federal funding the state will get for broadband service. As part of the effort, the Broadband Office is using a newly released map from the Federal Communications Commission. The map, available …
Laredo to be rebranded “Vital Energy”
Tulsa’s Laredo Petroleum, Inc, will soon be renamed Vital Energy. The company made the announcement as part of the release of its2022 ESG and Climate Risk Report. The renaming or “rebranding” will be effective January 9, 2023 according to the announcement which also indicated Laredo’s new trading symbol on the New York Stock Exchange will …
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