One of Oklahoma Sen. James Lankford’s colleagues on the Senate Energy and Natural Resources committee, Sen. John Barrasso of Wyoming accused President Biden of politically abusing the nation’s Strategic Petroleum Reserve. “Instead of unleashing more American energy, President Biden uses America’s emergency reserves to solve a short-term political problem,” said the Republican Senator in …
Hot weather and growing fire danger
As temperatures in Oklahoma slowly drop into the 80s and low 90s, there’s still a growing threat. Lack of rainfall. It means increased chances of wildfires in the state according to State Climatologist Gary McManus. Writing this week in his Mesonet report, McManus said fire dangers will grow as vegetation starts to die and …
Oklahoma’s gasoline tax is below national average
Ever wonder how Oklahoma’s gasoline tax stacks up against other states? The U.S. Energy Information Administration released its newest update of Federal and state motor fuels taxes table showing state gasoline taxes ranged from as low as 8.95 cents per gallon (/gal) in Alaska to as high as 65.1 cents/gal in California on July 1, …
Other energy headlines
** While US gasoline prices have come down from the highs seen this summer, they’re clearly still weighing on President Joe Biden, who on Monday repeated demands for oil companies to charge less. ** VAALCO Energy, Inc. in Houston announced that the Government of Equatorial Guinea has approved the Venus – Block P Plan of Development …
Ovintiv keeps finding major producing wells in Kingfisher County
Ovintiv USA Inc., the company with a growing reputation of finding big producing wells in Oklahoma’s STACK play did it again. It recently filed completion reports on three wells drilled on a single pad with combined production approaching nearly 4,000 barrels of oil a day. Natural gas production from the Rosia wells in northern …
Nationwide network of EV charging stations finalized
The federal government announced Tuesday that now all 50 states have won approval to start construction on the first nationwide network of EV charging stations. Oklahoma was among 33 states that received the okay earlier in the month and the last of the states were approved this week. The network of EV charging stations places one …
New Mexico’s hydrogen economy gets a shot in the arm from federal money
New Mexico’s hydrogen economy is getting a boost from federal incentives which in turn leaves Albuquerque-based BayoTech leaders with expectations of building half a dozen hydrogen hubs in the coming year. The Albuquerque Journal reports that the 7-year old company will make its first major effort to enter commercial markets with its compact mobile …
Mammoth Energy finally talks about Puerto Rico’s latest hurricane
Oklahoma City-based Mammoth Energy Services, Inc. issued a statement in response to a news story from Fox News headlined, “Puerto Rico still owes company $350 million for restoring grid in 2017 as it faces fresh hurricane outages”: It proved to be something of a stinging rebuke to how his company was treated by Puerto Rico. “First …
Nine-month low hit by falling crude oil prices while losses hit OK energy stocks
Crude oil prices took a $2 drop on Monday and settled at nine-month lows while Oklahoma energy stocks recorded losses—some as much as 7%. The strengthening dollar put more pressure on the market as investors await details of new sanctions on Russia. West Texas Intermediate for November delivery fell $2.06 or 2.3% to settle …
Cole—Biden’s out of touch when it comes to inflation
If you don’t think inflation is real, then you might be in the same crowd with President Biden—out of touch with reality, according to Oklahoma Congressman Tom Cole. Just check your electric bill or consider what you paid for gasoline over the past year. Or take a visit to the grocery store and …
