Crude oil futures overseas and in the US rose again on Friday with West Texas Intermediate settling above $49 a barrel. WTI managed a gain of 1.53% on a 74 cent increase as shares finished the day at $49.10 a barrel for January delivery in trading on the New York Mercantile Exchange. Global benchmark …
Not a good Christmas present. After much ballyhoo nearly 18 years ago over the opening of a Quad/Graphics plant in Oklahoma City, the Wisconsin-based company announced it is closing the plant in a move that will affect an estimated 400 workers. Ground was broken 18 years ago on the 1 million-square-foot printing facility and …
Oklahoma Congressman Markwayne Mullin will have five new Democrats on the House Energy and Commerce Committee of which he is a member. But he won’t have to deal with the congresswoman known as AOC who wanted to be named to the committee. The House Democratic Steering and Policy Committee has recommended five Democrats be …
New Mexico’s largest wind project is now on line. Xcel Energy’s Sagamore Wind Farm covers 156 square miles and is located 17 miles south of Portales in the eastern part of the state. An online event with Gov. Michelle Lujan Grisham and U.S. Sen. Martin Heinrich was held this week in celebration of …
The Enid Municipal Authority received approval this week for $205,000,000 in funding from the Oklahoma Water Resources Board, through its contract with the Oklahoma Department of Environmental Quality, to improve the Authority’s water infrastructure. The loan approval is considered historic to OWRB as the broadest scope of project in geographic size and as the single …
Permits to drill issued on December 17, 2020. permits: none were processed today
Completion reports filed on December 17, 2020. completions: none were processed today
President-elect Biden has made two more cabinet picks including that of New Mexico Democratic Congresswoman Deb Haaland to be his interior secretary, a move that had been reportedly opposed by House Speaker Pelosi because it means the loss of one more Democrat in the House. Her selection brought immediate criticism from the oil and …
Crude oil prices hit their highest levels since February on Thursday as West Texas Intermediate crude, the U.S. benchmark rose 1.1%. WTI finished at $48.36 a barrel with a 54 cent gain for January delivery in trading on the New York Mercantile Exchange. Global benchmark Brent crude reached its highest level since early March …
Williams Cos. announced a South Texas bankruptcy judge has signed off on a global resolution reached last month with Chesapeake Energy as part of Chesapeake’s Chapter 11 bankruptcy process. Williams received a $112 million payment from Chesapeake in fulfillment of Chesapeake’s obligations to Williams before the filing of the bankruptcy case. The obligations were …
