Gasoline prices rose by another 12 cents in the past week in Oklahoma, reaching a new average of $3.55 a gallon according to the American Automobile Association. And some experts believe prices will continue to climb because of last week’s action by OPEC+ to reduce oil production by 2 million barrels a day. While …
Clinton Treasury Secretary—cancelling Keystone a mistake!
A mistake. It’s what economist Larry Summers says about the decision to kill the Keystone XL pipeline. Summers served as treasury secretary under former President Bill Clinton and was the director of the National Economic Council under former President Barack Obama. He admitted during a Friday interview on Wall Street Week that cancelling the Keystone …
New anti-BlackRock investment act to take effect soon in Oklahoma
BlackRock, the New York investment firm that drew the ire of some leaders in Oklahoma, Texas and other oil-producing states for its intentions to withdraw funding of fossil fuel projects, still has a healthy share of one Oklahoma firm. A recent filing with the Securities Exchange Commission by Oklahoma City-based Chesapeake Energy showed that …
EPA targets general aviation airports with new emissions plans
A decision by the Environmental Protection Agency might have general aviation airports like Wiley Post in Oklahoma City and others finding themselves the target of more restrictive rules pertaining to emissions from aviation fuel. Here’s what happened. The EPA on Friday declared that lead in aviation fuel endangers public health. It’s a decision that …
Drought still has state firefighters on high alert
While some parts of Oklahoma could get rain this week, firefighters remain on high alert because of the growing drought in the state. The State Forestry Service on Monday declared that “given the depth and severity of drought indices and the current state of fuels, the probability of unseasonal fire behavior should be anticipated.” …
City drops lawsuit over shutdown of coal-fired power plant
The City of Farmington, New Mexico now has dropped its late September lawsuit against the owner who plan a shutdown of the San Juan Generating Station. Instead, the City opted for arbitration in a bid to transfer the now-closed power plant to the city reported the Farmington Daily Times. Click here for Farmington Daily …
Chesapeake announces results of shares repurchase effort
Chesapeake Energy Corporation announced results of its latest repurchase of company shares. The firm on Monday revealed the expiration and results of its previously announced exchange offers relating to its outstanding Class A warrants, Class B warrants and Class C warrants, each to purchase shares of common stock, par value $0.01 per share, of the Company. …
Cleanup plan okayed for bad biofuels plant in Nebraska
The State of Nebraska has taken an initial step at cleaning up an abandoned biofuels plant that created millions of gallons of pesticide-contaminated wastewater stored in holding ponds. The Nebraska Department of Environment and Energy recently approved a plan to dispose of the estimated 115 million gallons held at AltEn, the failed plant near …
3Q results to be releases by ALLETE Inc.
The parent company of Oklahoma wind farm operator ALLETE Clean Energy plans to release its third quarter financial results in early November. The financial results of ALLETE Inc., a firm headquartered in Duluth, Minnesota will be released before the stock markets open on Wednesday, Nov. 9 of this year. Following the release, ALLETE …
DUCS to decline from record year in 2020
Data source: U.S. Energy Information Administration, Drilling Productivity Report (DPR), September 2022 Based on the EIA’s latest Drilling Productivity Report (DPR), drilled but uncompleted wells (DUCs) in all U.S. DPR regions totaled an estimated 4,283 wells in August 2022, the least in any month since the government started estimating DUCs in October 2013. The decline in DUCs in …
