Crude oil futures weren’t the only prices that took a beating in Monday’s trading. So did shares in numerous energy companies, those who call Oklahoma home and those who are active in the state but are headquartered elsewhere. Alliance Resource Partners finished Monday with a two cent gain or a 1% increase to $2.80 …
October 2020 archive
Oil prices log lowest finish in a week as constrained supplies come back on line
Crude-oil futures finished Monday at their lowest price in a week, with production in Libya, Norway and the Gulf of Mexico set to recover. Libya lifted force majeure at its largest oil field, producers began restoring output in the Gulf of Mexico following Hurricane Delta, and crude output in Norway looked to recover following …
Legislators question moving State Medical Lab to Stillwater
The stage is set for a political battle over the Oklahoma Medical Lab and Gov. Kevin Stitt’s plan to move it to Stillwater. State Rep. Ryan Martinez, R-Edmond, announced Monday he will file legislation in the upcoming legislative session to keep the Oklahoma Public Health Laboratory in Oklahoma City. Gov. Stitt last week announced plans …
Hot weather bakes Oklahoma in October
While snow fell in northwest Colorado on Sunday, temperatures reached 102 degrees in southwest Oklahoma. Go figure is how Gary McManus, State Climatologist with the Oklahoma Mesonet would probably put it. “We had a slew of hundreds across southwestern OK yesterday, topped with Hollis and Grandfield at 102 degrees. Who knew that days above 100 …
Regulators to review transportation regulations
The Oklahoma Corporation Commission’s Transportation Division is preparing for its potential rule making and asking the industry for comments. The division recently notified those in the industry of the possible changes and asked it to review the rules for its Chapter 30. “In preparation for this year’s potential Transportation Division rule making, we would appreciate …
Ameren’s renewable energy plan sparks questions about costs and its coal plants
Industry experts, in the wake of an $8 billion renewable energy plan released by St. Louis-based Ameren, are questioning how the region’s electric monopoly could both pay for substantial new wind and solar projects and also cover existing coal plant costs — without overburdening ratepayers. Click here to read the story from the St. …
Industry group seeks federal help for electric trucks
A new coalition of truck makers and electric-fueling players is asking Congress to spend billions of dollars to speed up the arrival of electric fleet trucks and charging infrastructure. The National Zero-Emission Truck Coalition, which came together in June, has been exploring how the government could apply the kind of federal support that’s boosted …
Supreme Court ruling leaves Oklahoma legislators worried
Oklahoma legislators are growingly nervous as they prepare to meet in several months to grapple with the impact of the U.S. Supreme Court ruling that could result in a loss of hundreds of millions of dollars in state revenue. As one told News 9 TV in Oklahoma City, he has lost a lot of …
Still a little drilling out there in Oklahoma
A few oil and gas wells have been drilled in Oklahoma in the past several months as the COVID-19 has left the industry badly weakened. But recent filings of completion reports with the Oklahoma Corporation Commission showed Oklahoma City-based Continental Resources is somewhat back in action, reporting four wells from a single pad with …
Ring Energy grants extension to buyer of West Texas assets
Ring Energy Inc. based in Midland, Texas has granted an extension to the undisclosed buyer of its $315 million in assets in the Delaware Basin of West Texas. But Ring still hopes to have the transaction closed by the end of the month. It was in April in the middle of the coronavirus pandemic that …