This weekend’s Kansas City International Auto Show will see a heavy emphasis on electric vehicles. A report in the Kansas City Star explained that interested drivers will be able to take short drives in the EVs. Click here for Star
Existing oil and gas leases to be reconsidered in North Dakota and Montana
Some of the government leases held in western North Dakota by oil and gas operators out of Oklahoma could be among those the federal government plans to reconsider as part of a settlement agreement with environmental groups. More than 100 such oil and gas leases in North Dakota and eastern Montana will be reconsidered …
Headlines of other energy stories
** A record heat wave put California in a fossil fuel conundrum: The state has had to rely more heavily on natural gas to produce electricity and avoid power outages while Gov. Gavin Newsom’s administration moves toward ending the use of oil and gas. ** When power was lost at a Los Angeles TV station amidst …
Judge’s decision to block lease sales felt in New Mexico
A decision by a Wyoming federal judge to uphold the government’s authority to block oil and gas leases on public land in New Mexico and other states is opposed by those in the oil and gas industry. The Carlsbad Current-Argus reported recently on the impact in New Mexico. Click here for Carlsbad Current-Argus
Williams leader points to why natural gas prices are surging
Williams Companies CEO Alan Armstrong says the reason natural gas prices have surged is due to a lack of infrastructure, not because of a lack of supply. Click here for Reuters
Growing recession worries send crude oil below $90
The recession that doesn’t exist in the eyes of the White House took a toll on crude oil prices Wednesday as crude finished below $90 a barrel. Oklahoma energy stocks ended mixed—some losers and some gainers but nothing to write home about. West Texas Intermediate crude plunged to its lowest price in months, tumbling …
Permian Basin to add $10 billion to New Mexico’s economy in 30 years
As much as New Mexico’s state leaders are critical of their state’s oil and gas industry, a new report says New Mexico’s economy could grow by more than $10 billion in the next 30 years. The prediction came from the Permian Strategic Partnership which issued the report. The Partnership is made up of oil and gas …
Crude oil storage slipped again at Cushing hub
The government’s latest report shows crude oil storage at the Cushing hub in Oklahoma continued to drop after a slight gain from two weeks ago. The U.S. Energy Information Administration reported that as of August 26, Cushing maintained a total of 25,284,000 barrels of crude oil in storage. It was a decline of more …
Higher natural gas prices are predicted this winter
Natural gas users in Oklahoma and across the U.S. can expect higher prices this winter predicted the U.S. Energy Information Administration this week….the highest prices in 15 years. The EIA said that while demand remains high in the U.S. as well as Europe and Asia and inventories remain low, natural gas spot prices will …
Latest OGE rate hike deal to go before Oklahoma regulators
Oklahoma regulators meet Thursday to consider a final vote on a proposed $30 million rate hike settlement reached in July by Oklahoma Gas and Electric Company. The utility originally applied for a $163.5 million rate hike to cover its investments and costs but ran into a wall of opposition from customers already hit by …
