North Texas officially has another lake. The North Texas Municipal Water District (NTMWD) officially dedicated Bois d’Arc Lake in Fannin County, TX, celebrating the completion of the state’s newest major reservoir. Around 300 officials attended the ceremony near the lake’s dam and spillway. The surging growth of North Texas underscores the need for additional water …
Icahn not optimistic about U.S. economy
Billionaire Carl Icahn, owner of CVR Energy, a firm with a refinery in southern Oklahoma is high on the energy company. Speaking recently at MarketWatch’s Best New Ideas in Money Festival, he was so enthused about the firm in which he acquired 80% interest 10 years ago, he admitted it was his pick for …
Weekend storms left thousands without power in Oklahoma
Severe weather, including lightning, strong wind gusts and heavy rain Saturday night caused power outages across the service area, with the majority of the impact in Durant and the Oklahoma City metro. Oklahoma Gas and Electric mobilized approximately 200 personnel to the areas to restore power as safely and as quickly as possible. As of …
OKC asks for more water from Northwest Oklahoma’s Canton Reservoir
Officials with the Oklahoma City Water Utilities Trust are working with the U.S. Army Corps of Engineers to draw water from Lake Canton in northwest Oklahoma. The water is needed to help increase water levels at Lake Hefner, which serves as a primary water source for the City of Oklahoma City. All total, the …
Crude hit with 3% loss while OK energy stocks suffered too
The question for crude oil investors is—will prices recover Monday after the 3% drop on Friday? Oklahoma energy stocks had the same setback. Investors backed off crude oil because of their continuing global recession fears along with a weak oil demand, especially in China. West Texas Intermediate crude, the benchmark U.S. crude oil for …
NextEra’s next wind farm to be in central Kansas
NextEra Energy, one of the top wind farm operators in Oklahoma, has plans to build another wind farm in central Kansas. It wants to construct the wind farm west of Newton, a city along I-35 in Harvey County. County Commissioners recently approved regulations for the wind farm, even though some residents voiced concerns about …
North Dakota’s crude oil production dropped in August
August crude oil production in North Dakota wasn’t what oil and gas leaders had hoped. It was flat according to one state agency. The production, from Oklahoma energy companies and others who have invested exploration in the state, was 1.073 million barrels a day, a drop of 1% according to the North Dakota Department …
Drought worsens across Oklahoma
Oklahoma’s drought is only getting worse. The latest Drought Monitor showed the dry areas of the state grew from the previous week. As KOKH Fox 25 News reported, what once was an area that covered nearly 76% of Oklahoma grew to nearly 86%. Click here for Fox 25 News
Rig count grows nationally and holds steady in Oklahoma
Baker Hughes reported on Friday the number of oil and gas rigs across the U.S. increased to 769 in the past week while in Oklahoma, the count was unchanged from the previous week. Nationally, there was a gain of 7 rigs and the number of oil rigs increased by 8 to 610 while the …
Inflation grew more than expected in September
While gasoline prices continue rising in Oklahoma and most of the country, inflation has not abated as reflected in the latest Consumer Price Index released by the government. It shows inflation grew 0.4% in September, more than expected as it rose 0.1% in August. The US Bureau of Labor Statistics reported that over the …
