Thursday’s trading resulted in a nearly 2% gain for crude oil prices after top oil importer China reopened its economy. Oklahoma energy stocks had another weak day. West Texas Intermediate crude went up 86 cents or 1.1% and settled at $81.01 per barrel on the New York Mercantile Exchange. Global benchmark Brent crude rose …
January 2023 archive
Oil and gas rig numbers declined in the past week reports Enverus
A report issued Thursday by the Enverus Foundation showed a drop in the number of oil and gas rigs in the Anadarko Basin and across the U.S. The U.S. rig count reached 872 during the week ended Jan. 25, falling by six from the previous week, according to Enverus Foundations data. The count …
Treasurer implements new trading platform for state office
Oklahoma State Treasurer Todd Russ’ office recently completed a transition from a 17-year-old proprietary bond trading platform to the Bloomberg Trading Terminal, the most up to date investment platform. “I am excited to have my office completely transitioned from an antiquated trading platform to Bloomberg. This important step allows our investments to compete in …
OGE honored for storm relief efforts
Edison Electric Institute (EEI) awarded Oklahoma Gas and Electric Company (OG&E), a subsidiary of OGE Energy Corp (NYSE: OGE), two Emergency Response Awards recognizing the electric company’s restoration efforts following a tornado in Seminole, Okla., last May and Hurricane Ian in Florida in September. EEI’s Emergency Response Awards recognize companies for outstanding recovery and …
Broken Arrow pothole caused a dozen blowouts
A pothole on the Broken Arrow Expressway left nearly a dozen motorists with flattened tires. News on 6 reported the dangerous pothole was located near the Utica exit and left drivers frustrated—to say the least. Click here for News on 6
Boulder might be next Colorado city to adopt natural gas ban
It’s no surprise that Boulder, Colorado might join the natural gas ban movement, considering how the city is reported to be one of the most liberal in the state. After all, it’s the home to the University of Colorado. Boulder’s mayor Aaron Brockett wants to ban gas in new buildings, joining the state’s first …
Oklahomans in Congress were not among those getting the most oil and gas money
Which members of Congress received the most political contributions from the oil and gas industry? They were not Oklahomans according to a report by E&E News. They were Representatives from Texas, Louisiana, California, Washington and New Mexico and most were Republicans. Click here to read E&E News
Earnings report to show finances of NGL in February
Tulsa’s NGL Energy Partners LP plans to release its fiscal third quarter earnings report in early February. The midstream energy firm plans to release the report after the close of markets on Thursday, Feb. 9, 2023. Members of NGL’s management team will then hold an earnings call at 4:30 p.m. central time to discuss …
Apex Clean Energy awards $1.2 Million to conservation efforts in Kansas, Iowa, and Texas
Apex Clean Energy, a company with wind farm operations in Oklahoma, announced the recipients of its 2022 Conservation Grant Program, totaling $1.2 million in funding for conservation projects near the company’s commercialized renewable energy sites. The program, which represents the first of its kind within the clean energy industry, contributed $1.7 million in its …
Senator wants Oklahoma to create its own Strategic Petroleum Reserve
If a bill becomes law as proposed by Sen. Nathan Dahm of Broken Arrow, Oklahoma could become the first state in the nation to develop its own Strategic Petroleum Reserve, one copied after the national Strategic Petroleum Reserve. The Senator introduced SB205 which calls for the creation of a petroleum reserve that will hold …