After reaching more than $92 a barrel in the past week, crude oil prices for February will average $90 and slip to a first-half year average of $88 predicted the U.S. Energy Information Administration. The EIA came out with its February Short-Term Energy Outlook (STEO), in which the agency estimated commercial oil inventories fell to their …
Buc-ee’s is headed to the mountains of Colorado
Colorado drivers will soon get their first experience at pulling into a Buc-ee’s convenience store. The Texas-based company, known for those large convenience stores with dozens and dozens of fuel pumps, not to mention barbecued food inside, plans to open its first Colorado state. Axios reports it will be located on a 140-acre site …
Crude slipped again—so did OK energy stocks
Another fall for crude oil prices both in the U.S. and in Europe. On the same day, losses outnumbered gains for Oklahoma energy stocks. West Texas Intermediate crude for March delivery dropped $1.96 or 2.15% to $89.36 a barrel on Tuesday at the New York Mercantile Exchange. Global benchmark Brent crude for April delivery …
Texas struggles with its oil-industry related earthquakes
Just as Oklahoma has learned from the series of damaging earthquakes believed directly tied to oil and gas drilling that hit the state over the past several years, Texas is adjusting as well. The Texas Tribune reported that Texas recorded more than 200 earthquakes with a magnitude of 3 or greater in 2021 and like …
Former legislator argues OGE bond case is like a loan shark
Protesters fighting the nearly $1 billion securitization case by OGE and the Oklahoma Development Finance Authority before the Oklahoma Supreme Court aren’t finished with their efforts. While a Supreme Court referee took the arguments under consideration 2 weeks ago, another protest was filed this week in the matter by former State Rep. Porter H. …
Tulsa a finalist for $4 billion plant?
It’s definitely a mystery. A $4 billion mystery. Maybe even more. The story evolves around a mystery firm that reportedly has offered a $4 billion manufacturing plant of some kind along with the potential of 4,000 employees and two finalists are being considered—a site in Kansas and one in Tulsa. At least, that’s what …
Crude prices spark renewed drilling in Colorado and Wyoming
Oil drilling is on the increase in northeast Colorado and Wyoming’s Powder River Basin as crude prices linger in the $92 a barrel range in the U.S. Reuters reports an increase in the acquisition of properties in the two areas by producers who are already adding rigs and frack crews. Click here for Reuters
White House Science bully resigns—Lucas wants to know more
Oklahoma congressman Frank Lucas is one of those on a U.S. House Committee wanting to know more details about what led to Monday’s resignation of Office of Science and Technology Policy Director Eric Lander following POLITICO’s article about Lander’s inappropriate behavior toward his staff. The story not only prompted House Committee on Science and …
Koch nears completion of $150 million plant improvement at Enid
Koch Industries reports it is close to completion of a $150 million expansion of its fertilizer plant in Enid. The Enid News and Eagle reported the company began improvements in March 2021. Click here for Enid News and Eagle.
Gasoline prices hit $3.13 average in Oklahoma
Yes, gasoline prices are climbing again and you can blame it in part on the recent cold weather along with geopolitical tensions. Oklahoma’s average gasoline price rose 8 cents in the past week to reach $3.13 a gallon according to the American Automobile Association. A week ago, Oklahoma’s average was $3.05 a gallon while …
