This time it was outages in Libya adding to growing worries about a tight global supply of crude oil during the Ukraine crisis that caused a 1% jump in oil prices on Monday. It represented a 3-week high in crude prices as Brent crude for June delivery rose $1.46 to settle at $113.61 a …
Well inventories are declining across Oklahoma and U.S.
A new government report shows well inventory in the Anadarko Basin and other oil producing regions in the U.S. is falling while rig activity is staying fairly flat. The Anadarko had 753 drilled but uncompleted wells in February 2022 and the number fell to 740 by March, according to the Drilling Productivity Report released …
Groups say Texas doesn’t have enough oil and gas pipelines
Some oil and gas groups in Texas say the more than 417,000 miles of intrastate oil and gas pipelines in the state are not enough to handle future production. The claim is made by the Texas Independent Producers & Royalty Owners Association, the Texas Pipeline Association, the American Petroleum Institute and Pinnacle Midstream Inc. …
Gasoline prices climbing in Oklahoma
Gasoline prices across the nation have fallen slightly in the past week after the President’s latest release of crude from the U.S. Strategic Petroleum Reserve. But in Oklahoma, prices are still climbing as the state’s average is four cents higher than a week ago with a new average of $3.71 per gallon of regular …
Oklahoma legislators wooing Panasonic
Could Oklahoma learn this week if it will be chosen over Kansas as the site of a nearly $4 billion Panasonic battery plant? It’s the project OK Energy Today first reported earlier in the year after the Kansas legislature agreed to step up with millions of dollars in economic enticement, well before Oklahoma began …
PSO honors line workers on their special day
Monday, April was National Lineworker Appreciation Day and Public Service Company of Oklahoma took the occasion to honor its local men and women who keep the power flowing to customers. Established by Congress in 2013, National Lineworker Appreciation Day honors the dedicated workers who are always available to keep America’s homes and businesses connected. At …
1Q earnings report to be released by Alliance Resource Partners
The first quarter 2022 financial results of Alliance Resource Partners, L.P., the Tulsa-based coal and energy company will be provided in about two weeks. The company announced it intends to release the report before the market opens on Monday, May 2 of this year. A conference call will be held at 9 a.m. Tulsa …
Other energy headlines
** The American Petroleum Institute wants to open up Florida’s coastal waters for offshore drilling, which was banned by a state constitutional amendment in 2018 and by a presidential executive order in 2020. ** Climate Adviser Gina McCarthy shut down rumors she might leave the Biden administration recently tweeting they were “simply inaccurate” and she is …
New House Transportation Committee chairman named
Rep. Ronny Johns, R-Ada, has been appointed chair of the House Transportation Committee by House Speaker Charles McCall, R-Atoka. Johns previously served as vice chair of the committee. Previous chair Rep. Avery Frix, R-Muskogee, has been named chairman emeritus under House precedent for members seeking higher office. “Transportation is consistently one of the issues that …
PSO offers $40,000 in grants to FFA chapters in Oklahoma
Oklahoma FFA chapters in areas served by Public Service Company of Oklahoma can apply for a share of $40,000 in grants from the American Electric Power (AEP) Foundation. In a recent announcement, PSO said the grants give students opportunities to learn and grow in STEM-related fields. Eligible chapters may receive individual grants ranging from …
