June 2023 archive

Latest wells completed in Oklahoma

They weren’t eye-popping numbers, but two Canadian County wells on a single pad had more than 400 barrels of oil in combined production for Citizen Energy III LLC of Tulsa. The company’s completion report showed both of the Walther wells, drilled at 1 10N 6W, a site about 3 miles southwest of the city of Mustang, …

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Now it’s Arkansas’ turn to focus on power outages from storms

  Just as major utilities across Oklahoma wrapped up their power restoration following the early June severe weather, Arkansas  was left reeling with storms on Sunday that killed two, injured another and left thousands without electrical power. Willie Gilmore, a spokesman with the National Weather Service said 50 to 80 mile an hour winds left …

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Crude oil fell 2% in Tuesday’s trading while Oklahoma stocks made gains

  Those nagging worries about interest rates and whether they might climb again sent crude oil prices falling 2% in Tuesday’s trading while Oklahoma energy stocks, for the most part, recorded moderate gains. West Texas Intermediate crude, the U.S. benchmark, fell $1.67 or 2.4% per barrel before finishing the day at $67.70 a barrel on …

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Train derailments get the attention of a growing number of states

  The early February train derailment of toxic chemicals in East Palestine, Ohio prompted several states to take railroad safety issues into their own hands. They are not waiting on the U.S. Transportation Department to crack down on freight railroads. Legislatures in a dozen states took action in recent months and some seek new laws …

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OKC’s heat mapping to begin in August—volunteers wanted

  The City of Oklahoma City is seeking hundreds of volunteers to be a part of a national campaign to map extreme heat in urban areas. More than 300 people are needed to capture temperature and air quality data across the city along predetermined routes during the early morning, late afternoon and evening. Volunteers aka …

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Oklahoma City drinking water meets government standards

  Good news for customers and residents served by the Oklahoma City Water Utilities Trust. The City’s drinking water meets or surpasses all federal and state standards for quality and safety. The City’s annual Drinking Water Quality Report, known as the Consumer Confidence Report (CCR), shows that water tested during 2022 met the requirements from the …

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Canoo’s financial road trip just got bumpier

  Trading in Canoo stocks took another major hit this week as EV trading suffered, first with the bankruptcy announcement by U.S. electric truck manufacturer Lordstown Motors, then the downgrading of Tesla stock by British investment banker Barclays. Canoo, already on a slide that started months ago, fell to 45 cents in Monday’s trading. The …

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Governor’s order to trim state vehicle fleet hits Corporation Commission

  A long line of white state cars parked next to the Oklahoma Corporation Commission’s headquarters at the Jim Thorpe building will soon to be part of another surplus auction by the state government. They won’t be part of the July 7 Surplus and Save auction scheduled by the Office of Management and Enterprise Services. …

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Fast reads

** Lordstown Motors filed for bankruptcy protection Tuesday, put itself up for sale, and announced a lawsuit against Foxconn, accusing its biggest shareholder and former partner of setting out to “destroy” its business. The electric vehicle maker, which specializes in pick-up trucks, made a Chapter 11 filing in a Delaware court while simultaneously starting legal action against Foxconn. ** …

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Missouri Senator works to ground Transportation Secretary

  Missouri U.S. Sen. Eric Schmitt wants to ground Transportation Secretary Pete Buttigieg’s use of private jets at taxpayers’ dime. The Republican Senator filed a bill to stop Buttigieg and other top Department of Transportation officials from doing the practice. “Secretary Buttigieg seems averse to traveling on the very commercial airlines that his department oversees. …

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