Electric vehicle user tax bill sent to Oklahoma Governor

  An electric-vehicle use bill awaits the signature of Oklahoma Gov. Kevin Stitt to become law in the state. House Bill 2234 was approved by the state Senate as a means of requiring EV users to pay for the use of highways and roads. It creates a three-cent tax per kilowatt hour to charge the …

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Lawton to be site of wind turbine manufacturing plant

  Lawton will soon be home to a new wind-turbine manufacturing plant. Carter Wind Turbines based in Wichita Falls, Texas announced plans for the operation in southern Oklahoma and only a short drive from its headquarters. Lawton will be the location of a 40,000 square-foot manufacturing facility where mid-sized wind turbines will be constructed according …

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Energy news in brief

** -Exxon Mobil Corp and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest U.S. oil producer marshalling executives, TV appearances, social media and websites to rebut the challenge. ** Divers search for 12 missing people from a capsized oil industry boat off the shore of Louisiana. ** Exxon …

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Blackouts cut North Dakota oil production in February

  North Dakota’s oil production also fell victim to electrical power blackouts caused by the massive February winter storm. Oklahoma exploration companies with extensive operations in the state were likely victims of the rolling blackouts. The nation’s second largest oil-producing state, North Dakota churned out 1.08 million barrels of crude per day in February, down …

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Bankruptcies continue to hit oil and gas industry

  Bankruptcies of North American oil producers were at their highest level in the first quarter of the year since 2016. A report by the Haynes and Boone law firm showed at least eight bankruptcies were filed by oil and gas producers according to Reuters. Click here for Reuters story.  

Did you know? Energy facts

  Did you know? According to the U.S. Energy Information Administration— In 2020, wind supplied 35% of Oklahoma’s electricity net generation, and the state ranked third in the nation in total electricity net generation from wind. Texas produces more electricity than any other state, generating almost twice as much as Florida, the second-highest electricity-producing state. Arkansas’s nuclear power plant …

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US crude oil prices hit a strong $63 mark

  Thursday was another day of increased crude oil prices in the U.S. and in Europe as prices in the U.S. finished midway between $63 and $64 a barrel reaching four-week highs. The increased prices are believed to be due to positive U.S. economic data and higher demand forecasts from the International Energy Agency and …

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Lankford wants US to remain energy leader while protecting research from China

Senator James Lankford (R-OK)on Thursday participated in a Senate Energy and Natural Resources hearing to examine the role of the Department of Energy (DOE) and energy innovation in American economic competitiveness. Lankford’s questions focused on how the US can promote innovation and in which areas we may be stifling innovation, as well as how we can protect our …

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Rep. Lucas warns US scientific research is under threat

Oklahoma congressman Frank Lucas opened a House Committee hearing Thursday urging support for increased national research investment pointing out the U.S. already lags behind China. Rep. Lucas is the Ranking Member of the House Committee on Science, Space, and Technology which held a hearing on “Reimagining our Innovation Future.” He warned the nation’s leadership in …

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Enverus reports increase in rig numbers

  The US rig count rose by one in the last week to 509 as of April 14, according to Enverus Rig Analytics. The count is up 5% in the last month but down 7% YOY. Both the Anadarko Basin and the DJ Basin have seen rig counts recover to year-ago levels at 30 and …

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