Crude oil prices had more bumps this week than a washboard road in western Oklahoma. Prices on Thursday lost most of the gains they made on Wednesday, falling below the $60 mark. Western Texas Intermediate crude for May deliver dropped $2.26 to $58.56 a barrel in trading on the New York Mercantile Exchange. Global …
The Federal Reserve Bank of Kansas City released the March Manufacturing Survey this week for its Tenth district that includes Oklahoma and showed manufacturing activity grew solidly compared to a month ago and a year ago. Chad Wilkerson, vice president and economist at the bank said the survey results indicate positive expectations for future …
Xcel Energy has started the effort to win approval from Colorado authorities for a $1.7 billion 560 mile transmission line to carry wind and solar electricity from eastern Colorado to the Front Range population centers. Company officials met this week with Washington County Commissioners in Akron where they hope to get support for the …
While Google expanded its operations in Pryor, Oklahoma, Facebook is doing the same in Nebraska…and in a big way. The company announced this week plans to add 1 million square feet and a $400 million investment in its existing Papillion Data Center in Springfield, an expansion involving more than 500 acres of land southwest of …
The US rig count rose by eight in the last week to 486 as of March 24, according to Enverus Rig Analytics. The count is up 8% in the last month but still down 38% YOY. The month-over-month increase of 36 rigs included 31 added in Texas, where 238 rigs are now running, 49% …
Oklahoma City’s Chesapeake Energy has shown increased drilling interest in Oklahoma as the COVID-19 pandemic loosens its grip on the nation resulting in growing demand for gasoline and other fuels. The company has received at least 12 drilling permits for the month of March. The latest two were in Custer County where the firm …
Oklahoma U.S. Sen. Jim Inhofe was among the nine Republicans on the Senate Environment and Public Works Committee who voted Wednesday against two more of President Biden’s environmental nominations. Inhofe voted against the nomination of Brenda Mallory to be chair of the Council on Environmental Quality and Janet McCabe to be the deputy administrator …
Oklahoma Attorney General Mike Hunter joined the lawsuit filed by more than a dozen states to blunt the Biden administration’s continued attack on the oil and gas industry. According to the lawsuit filed in federal court in the Western District of Louisiana, the president’s recent executive order that placed a moratorium on all oil and …
With the support of Oklahoma U.S. Sens. Jim Inhofe and James Lankford, David M. Turk won confirmation in the full Senate on Wednesday to be the Deputy Secretary of Energy. The vote was 98-2 for Turk, who served on the National Security Council and in the State Department during the Obama administration and cleared …
The operators of the Wynnewood refinery in Oklahoma now face an even stiffer challenge in their U.S. Supreme Court Renewable Fuel Standard fight over exemptions from mandated biofuels production. The Biden administration and a coalition of biofuels groups filed response briefs on Wednesday in the Supreme Court and backed the ruling by the U.S. …
