U.S. crude oil prices on Monday dropped below $90 for the first time in more than a week. What was behind the drop? Reuters attributed the decline to news that China’s July refinery output was the lowest since March 2020 as well as a stronger U.S. dollar and low liquidity pressure prices. West Texas …
August 2022 archive
U.S. House Committee hearing in OKC to explore energy production
Congressman Markwayne Mullin plans to moderate a panel discussion Wednesday in Oklahoma City held by the House Permanent Select Committee on Intelligence focused on how America can become a world leader in energy production. The American Petroleum Institute and the Petroleum Alliance of Oklahoma are also sponsors of the event designed to help shape …
New Mexico oil and gas group launches fight with EPA over Permian Basin crackdown
The New Mexico Oil and Gas Association has responded to the EPA’s proposed tougher regulations on the Permian Basin where Oklahoma oil and gas companies have major drilling and production operations, with a call to fight the government agency. “The EPA is threatening new regulations that would reduce energy production in the Permian Basin,” …
Governors oppose nuke storage without state approval
A group of governors from across the American West signaled their disapproval of storing spent nuclear fuel in their states without their consent, as two companies plan to do so in New Mexico and Texas despite opposition voiced by both states. Click here for Las Cruces Sun News
Carbon capture to get big benefits from Inflation Reduction Act
Whenever President Biden signs the Inflation Reduction Act into law, there will be big benefits for carbon capture projects across the nation. Click here for Time
EPA moves quickly for $4 billion battery plant in Kansas
While the oil and gas industry often criticizes the EPA for its inability to move quickly in acting on fossil fuel permits, such wasn’t the case for the site of a $4 billion battery plant in Kansas—the plant sought by Oklahoma. The Kansas Reflector reported that state and federal environmental regulators approved a change …
Annual Linemen’s Expo for OGE resumed this month
Linemen teams from across OG&E’s service area gathered in Oklahoma City on Aug. 6 to compete in the company’s annual Linemen’s Expo. This was the 31st year for the event, after a two-year pause due to health and safety concerns of COVID-19. OG&E linemen kicked off the day with a moving salute to the American …
Increased volumes expected on Keystone pipeline
According to the operator of the Keystone Pipeline that carries oil from Canada to the Cushing hub in Oklahoma, there will be more volumes of crude flowing through the line in the coming months. It already was on the increase in the second quarter as TC Energy said volumes rose from 590,000 b/d to …
Gas prices keep falling—Oklahoma third lowest average nationally
Oklahoma had the nation’s third lowest average for gasoline prices on Monday while the national average fell a dime in the past week to $3.95. Triple A reported the national slip was due primarily to stable oil prices and fewer drivers than usual fueling up. The national average for a gallon of regular gas …
Strong winds, falling tree and power lines caused massive New Mexico fire
Power lines are believed to have caused the massive April fire that killed two persons and destroyed more than 200 homes in the Ruidoso, New Mexico area. The Albuquerque Journal reports it is the finding of a state investigator who said strong, gusty winds topped a drought-stressed tree causing electrical lines to arc and …
