Friday saw a gain in crude oil prices as they settled up for the day but were down for the week as a whole. Oklahoma energy stocks also had their second straight strong performance. What led to the gain? Mostly China’s easing of restrictions to battle continued COVID-19 cases. The action by the Communist …
November 11, 2022 archive
Nation’s rig count jumps by 9 while Oklahoma is unchanged
The nation’s rig count made an increase of 9 to reach a total of 779 oil and gas rigs according to the latest Baker Hughes report released on Friday. While the national count grew, the number of rigs in Oklahoma was unchanged from last week’s count of 67 rigs. The latest numbers compare to …
Judge’s ruling reveals exasperation of man’s fight against Kansas wind farm
A Kansas man’s persistent fight against a NextEra Energy wind farm recently revealed the exasperation of the judge dealing with the case. “This case has been bogged down for nearly 18 months with an ongoing cycle of pleading, motions to dismiss, repleading, more motions to dismiss, and now yet another futile attempt to replead,” …
Paying for the mistakes of utilities in Oklahoma and Texas
As much as Oklahomans and Texans don’t like to say they are alike, they are in one area—consumers in both states face 30 years of repaying billions of dollars to help utilities recover expenses from the 2021 Winter Storm. The Dallas Morning News recently pointed out that Texas consumers will be paying until 2050 …
PSO, AEP Foundation announce joint grants totaling $100,000 to Family Safety Center
Grants totaling $100,000 to Tulsa’s Family Safety Center were recently announced by Public Service Company of Oklahoma and the American Electric Power Foundation. A PSO announcement stated the grants will be a lead investment to construction a new $27 million, 65,000-square-foot FSC facility serving Tulsa County Groundbreaking for the facility at 28th Street and …
Impact of national trucking firm unclear in Oklahoma
It’s not clear yet whether the Oklahoma operations have been affected by logistics company C.H. Robinson Worldwide Inc. started layoffs of nearly 650 workers in the past week. Observers say it is yet another sign of slower demand for freight transportation. C.H. Robison is based in Minneapolis, Minnesota and confirmed the job cuts amount …
More funds approved for drought aid in Oklahoma
Oklahoma’s Emergency Drought Commission took recent action approving another $12 million in funding to the Emergency Drought Cost-Share Program. KOKH Fox 25 News reported the approval came as farmers and ranchers in Oklahoma face more challenges because of the growing drought and the impact on the state. Click here for Fox 25 News
Expect new leader of House Energy and Commerce “IF” GOP wins House control
Getting a seat on the House Energy and Commerce Committee was critically important to Oklahoma Congressman Markwayne Mullin a few years ago. First elected to the House in 2013, Mullin decided he needed to work to serve on the committee and began lobbying for the position. He got the appointment in 2015 feeling it was …
Other energy headlines
**Speaking at the UN Climate Summit in Egypt, House Speaker Nancy Pelosi accused Republicans of treating climate change like a “hoax” while other Democrats raise concerns about Republicans’ potential House takeover. ** QuarterNorth Energy, a company involved in oil and gas operations in the Gulf of Mexico, will be laying off 135 employees at its Lafayette office in Louisiana …
Nebraska Senator pushes for expanded ethanol-gasoline blend
Nebraska U.S. Sen. Deb Fischer says she will file federal legislation to expand national sales of E15, a higher ethanol-gasoline blend. A Senator from the third-largest U.S. corn-producing state, Fisher suggested her plan has the support of the American Petroleum Institute according to Reuters. Click here for Reuters