August 2023 archive

Crude oil prices made $2 gain in US on Thursday

  U.S. crude oil prices jumped more than $2 a barrel in Thursday’s trading on hopes that OPEC+ production cuts will continue through the end of the year. Oklahoma energy stocks split on gains and losses. West Texas Intermediate crude rose $2 or 2.45% to reach $83.63 a barrel at the end of the day …

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Tulsa’s June wind storm damage results in donations from PSO

  Public Service Company of Oklahoma announced a total of $125,000 in grants from PSO and the American Electric Power Foundation to help those dealing with the impact of a massive windstorm that struck the Tulsa area in June. AEP Foundation made the lead donation of $75,000 to the Wind Storm Relief Fund, which was …

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Slow increase in gas prices for Labor Day weekend

  Just the kind of news you didn’t want to read—-that gasoline prices are moving up as we approach the Labor Day weekend. The national average is $3.81 per gallon while in Oklahoma, we remain at $3.51 a gallon. Oklahoma City’s average is $3.47 while Tulsa is at $3.46 and Lawton at $3.37 per gallon. …

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Organization promotes solar power in Oklahoma’s Green Country

  Yes, the solar industry is alive and well in Oklahoma and promoting an effort to develop more solar energy in the northeat part of the state. Solarize Green Country is hoping to not only expand solar energy but make it more affordable for residents of the Green Country region. The coalition, with the help …

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Competition heats up in lithium development at Arkansas’ Smackover formation

  Competition. It’s the name of the game in southern Arkansas and the game is development of lithium, the mineral badly needed for the nation’s growth of electric vehicles. We’ve covered the rapid acceleration of Oklahoma City’s Galvanic Energy and its recent $100 million deal with ExxonMobil on the thousands of acres leased by Galvanice …

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LSB leaders try to find more investors

    Leaders of Oklahoma City-based LSB Industries are hoping to attract more investors as they prepare to attend at least three approaching conferences. President and Chief Executive Officer Mark Behrman and EVP & Chief Financial Officer Cheryl Maguire will represent the company at each of the events. CEO Behrman will attend the UBS Chemicals …

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Oil and gas group fights bans of natural gas hookups in Colorado

  An advocacy group funded by some of Colorado’s largest oil and gas producers is calling for a statewide ballot initiative to stop cities and counties from banning natural gas hookups in new buildings. Lawyers working on Protect Colorado’s behalf submitted draft language for the potential 2024 ballot measure to state officials on Aug. 25. …

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The fight over a tiny lizard and how it could stall Permian Basin oil production

  Cute little rascal, isn’t he? He’s now at the center of a fight in the nation’s richest oil and gas region—the Permian Basin. The oil and gas industry is standing up to government efforts to designating the small dunes sagebrush lizard an endangered species in West Texas, right in the heart of the Permian …

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Depending totally on the GRID

  Just something to ponder as you consider how to power your home. Or whether to switch to an all-electric home.   While the Biden White House adopted a government-wide policy to “accelerate affordable, equitable, and efficient electrification of American homes, businesses, and transportation,” it also raises the question of the danger of depending totally …

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Quick reads

** President Biden on Wednesday said he would welcome a potential Republican investigation into the federal government’s response to deadly wildfires in Maui after he laid out what his administration has done to help the island recover. ** Rivian, an electric vehicle manufacturer, is teaming up with renewable energy company BrightNight and environmental organization The …

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