August 2023 archive

New board member for OERB

    The Oklahoma Energy Resources Board announce dthe appointment of Justin Byrne to its board of directors.   Byrne serves as Senior Vice President, General Counsel, and Secretary at Canvas Energy, where he directs the company’s legal and land administration matters and provides commercial and executive leadership.    “The OERB sets a national example of the …

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Texas in danger of power shortage during extended heat wave

  The heat wave that has grasped the Southwest and the Midwest this summer finally prompted the Electric Reliability Council of Texas to urge residents to conserve electricity as they attempt to keep cool. ERCOT, the firm that operates the grid for more than 26 million customers on Thursday said it expects a “reserve capacity …

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Headlines of other energy stories

** The richest 10% of U.S. households produce 40% of the country’s greenhouse gas emissions, reports a study that takes into account how people live, travel and make money. ** More than 100 new clean energy, battery and electric vehicle manufacturing facilities and expansions have been announced since the Inflation Reduction Act’s passage a year ago. ** Environmental justice …

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Permits to drill for August 23, 2023

permits: none were processed today

Completion reports for August 23, 2023

completions: none were processed today

Wichita city leaders come out against Evergy’s rate hike plan

  Wichita, Kansas City Council members took a firm stand this week against a proposed rate hike by the state’s major utility, Evergy. A resolution opposing the rate hike was read Tuesday by Mayor Brandon Whipple as he detailed how the increase in electricity rates would strain the city, its residents and businesses. The Kansas …

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Wednesday brought a dip in crude oil prices and Oklahoma energy stocks

Crude oil prices and Oklahoma energy stocks fell on Wednesday. Crude dropped 1% due to a build in U.S. gasoline stocks and weak manufacturing data globally. West Texas Intermediate crude dropped 75 cents or 0.9% to $78.89 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude fell 82 cents or 0.98% to …

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Rep. Bice—Bidenomics isn’t working

  Extreme gas prices and skyrocketing inflation. It’s why Oklahoma congresswoman Stephanie Bice states bluntly, “Bidenomics isn’t working.” In her weekly column, the Republican Representative said because of how poorly the economy is performing under President Biden, it’s critcal for Senate Democrats and the President to act on the House-approved “Lower the Energy Costs Act.” …

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Another major drop in crude stocks at Cushing Hub

  The Cushing hub in Oklahoma recorded a more than 3 million barrel drop in crude oil stocks in the past week while the U.S. did the same with a 6-million barrel decline. The U.S. Energy Information Administration reported Cushing’s crude oil stocks fell from 33.8 million barrels on August 11 to 30.7 million barrels …

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Millions granted for clean hydrogen studies across the nation

  The U.S. Energy Department awards more than $15 million to clean hydrogen production, storage and transport research projects in Western states. None of the funding is for any hydrogen studies in Oklahoma but millions were handed out to projects underway in Texas, Wyoming, Colorado, North Dakota and other states. Click here for press release