Just across the Oklahoma state line in Fort Smith, Arkansas, a $20 million expansion project that will result in 100 new jobs will be carried out by heating and air product manufacturer Rheem. The Atlanta-based company announced the project this week saying it will include new construction and infrastructure at the Fort Smith manufacturing …
Devon highlights ESG progress in sustainability report
Devon Energy leaders released their annual sustainability or ESG report this week highlighting their company efforts to be a “responsible environmental steward.” “Devon’s continued progress on our ESG targets is something I’m extremely proud of,” said Rick Muncrief, president and CEO. “As a company we aim to lead by example by using the same thoughtful, …
OU expands aviation program with launching of fundraising effort
The aviation program at the University of Oklahoma will be tripled in size according to announcement this week in response to a growing need for workers in the aviation industry. OU President Joe Harroz launched a plan to raise $30 million for state-of-the-art facilities, aircraft replacement and expansion and scholarships. “This announcement, to me, …
Energy issues decided in Tuesday elections
Energy issues were at the heart of elections all over the country on Tuesday. Texas Republican Railroad Commissioner Wayne Christian easily defeated Democratic challenger Luke Warford. He will remain as chair of the agency that regulates the oil and gas industry in Texas. Christian has been on the commission since 2016 and campaigned on …
Final results in Kim David’s election to Oklahoma Corporation Commission
Former State Sen. Kim David celebrated her Corporation Commission victory Wednesday and now has 9 weeks to prepare to assume office in January 2023. The final results were posted by the Oklahoma Election Board and showed that with 100% of the 1,984 precincts reporting, the Republican candidate received 63.50% of the statewide votes. She …
Mullin declares he’ll make energy his top priority as Oklahoma’s next US Senator
The morning after he won one of the two Oklahoma U.S. Senate races, congressman Markwayne Mulllin declared that energy will be his”number one priority” for inflation purposes. It’s what he said in a nationally televised interview on “Mornings with Maria Bartiromo” on Fox News. In January, he will join newly re-elected Sen. James Lankford …
EIA now expects U.S. natural gas prices to average above $6.00/MMBtu this winter
Get ready for higher natural gas bills this winter. The U.S. Energy Information Administration is out with its prediction that natural gas spot prices at the U.S. benchmark Henry Hub will average $6.09 per million British thermal units. That’s the highest real price since the winter of 2009-10. The forecast reflects natural gas storage levels …
Other headlines
** Wyoming’s oil and gas industry decides not to appeal a judge’s ruling that the Biden administration’s 2021 oil and gas leasing pause was legal. ** Dozens of mylar balloons blow into a Utah substation, leaving more than 22,000 households without power. ** Arguments begin in a Utah youths’ lawsuit over the state’s alleged promotion of fossil fuels and its effects on air …
Diesel fuel prices hover close to $5 a gallon in Oklahoma
The federal government is predicting the continuing decline in diesel fuel inventories will cause prices to soar through early next year. It’s the prediction of the U.S. Energy Information Administration which issued a report this week declaring that diesel prices “will remain higher than $5 per gallon the remainder of the year.” Prices in …
Latest large producing wells in Oklahoma
Blaine and Garvin Counties in Oklahoma are sites of the biggest new oil producers. Ovintiv did it again, scoring a Garvin County well with production of 2,159 barrels of oil a day along with 1,910 Mcf of natural gas. The Kellner 0304 1h-22x, located at 33 3N 4W, a site several miles south of Lindsay, …
