The waiting is about over for Public Service Company executives and lawyers who went before an Administrative Law Judge last month with their $155 million request for a rate hike. The ALJ who presided over the three-day hearing could have a recommendation when the Corporation Commission meets Tuesday, June 6. The agenda referenced PSO’s …
Category: Oil & Gas
Higher gas prices could be ahead after latest Saudi oil production cut
American drivers could be staring another jump in gasoline prices in the face and it is coming just as the summer driving season is here. Saudi Arabia announced another cut in oil production, meaning it will be sending less oil to the global economy. In turn, the move is seen as an effort to …
Gasoline prices decline in Oklahoma and the U.S.
Despite the surge in travel over the long Memorial Day weekend, the national average for a gallon of decreased by one cent since last week to $3.56 per gallon. In Oklahoma, the gas average is $3.22 today, down two cents in the last week and $1.04 lower an one year ago. According to new …
Oil and gas rig counts keep falling in Oklahoma and other states
See those rigs stacked beside one another. They are not drilling for anything. They are in storage as the nation saw another dramatic drop in the number of oil and gas rigs drilling for oil and gas across the nation. Another week. Another dramatic drop in the number of active oil and gas drilling …
Friday proved to be a strong day for crude oil and Oklahoma energy stocks
Crude oil and Oklahoma energy stocks recorded a strong trading day on Friday as crude prices rose 2% while stocks rose 5, 6 and 7% in some local cases. Crude went up after Congress passed the debt ceiling deal that averted a government default. West Texas Intermediate crude rose 2.3% or $1.64 to close at …
New Executive VP named at LSB Industries
LSB Industries, Inc. in Oklahoma City announced that Ashley McKee will join the company as Executive Vice President and Chief Human Resources Officer, effective June 5, 2023. McKee will join the executive team reporting directly to Mark Behrman, LSB’s President and Chief Executive Officer. McKee joins LSB from Williams Companies, where she served in …
Energy headlines from around the world
** Folded into the debt-ceiling bill that passed the Senate on Thursday are measures that could speed up the building of energy projects in the US. They are an update of the National Environmental Policy Act, or NEPA — long a punching bag for critics on both sides of the aisle who say the environmental permitting process for new projects takes too long …
Crude oil and LNG exports mean a busier Port of Corpus Christi
Increased LNG exports are leading the way for a busy Port of Corpus Christi in Texas. The Federal Reserve Bank of Texas reported how the ship channel is being made deeper and wider to accommodate more oceangoing carriers of crude oil and LNG. Dallas Fed President Lorie Logan recently toured the Port and was …
Government imposes ban on drilling around historic New Mexico site
The Biden administration did it…implementation of a 20-year withdrawal banning oil and gas development outside the boundaries of Chaco Culture National Historical Park in northwestern New Mexico. Interior Secretary Deb Haaland announced the action Friday saying it is intended to protect cultural and historic resources that tribal communities consider sacred. The order will apply to public lands and …
Oil and gas moratorium imposed by New Mexico on state land near schools
New Mexico took a recent step to protect schools from oil and gas exploration. Land Commissioner Stephanie Garcia Richard issued an executive order to ban all new oil and gas leases on state trust land with one mile of schools and other educational institutions. The order applies to day care centers, preschools and sports …