Oh, those worries about what a tighter supply of crude oil will bring. They sent crude oil prices up nearly 1% higher on Tuesday while Oklahoma energy stocks dropped up to 3% and 4%. West Texas Intermediate crude futures climbed 71 cents or 0.8% to close at $90.39—-rising back above $90 a barrel again on …
The Monday morning construction accident that sent a geyser of nearly 2,000 barrels of oil into the air near an Oklahoma City residential neighborhood is not only being investigated by the Oklahoma Corporation Commissoin but by the Federal Pipeline and Hazardous Materials Safety Administration. Commission spokesman Trey Davis gave an update to commissioners at …
Oklahoma Gas and Electric Company and Village Verde, a 480-acre community located in northwest Oklahoma City, recently teamed up to build a subdivision that is electric vehicle ready. Village Verde General Manager Kelly Parker was behind the project due to a rising demand for EVs. He felt the newest section of a neighborhood needed …
“It’s like riding a roller coaster.” The comment from Oklahoma City oilman Harold Hamm at the start of an energy security summit at the institute that bears his name. The billionaire leader of Continental Resources said there should be an end to the back-and-forth energy policies of the U.S. “It’s so important that we …
The Biden administration’s plan to scale back by millions of acres of the number of oil and gas leases in the Gulf of Mexico was stopped in its tracks by a federal judge who ordered the Interior Department to expand the sales. The cut-back in acres was designed, according to the government announcement made …
While Oklahoma awaits a federal government decision on which proposed “hydrogen hubs” will be chosen to share in nearly $8 billion in startup money, one of the 79 sites that applied has drawn opposition from environmentalists who contend it will only increase electricity prices for consumers and businesses. Oklahoma, Arkansas and Louisiana applied to …
As part of Vital Energy’s recent $1.17 billion in Permian Basin expansion, the Tulsa company announced the completion the sales of $900 million in a variety of senior notes to finance the deals. The first involved the sale of $500 million in 9.750% senior notes due 2030. They allowed Vital to enter into a …
With major distribution warehouses in Oklahoma City and Tulsa, Amazon was met with an antitrust lawsuit filed by Oklahoma and 16 other states who joined the Federal Trade Commission in accusing the giant company of running a monopoly. The Attorney General’s office did not issue a statement explaining why AG Gentner Drummond decided to …
The recent acquisition of Magellan Midstream by ONEOK, Inc. resulted in the creation of a new board of directors. ONEOK announced this week the election of Lori A. Gobillot and Wayne T. Smith as directors to the board, effective September 25, 2023. The 62-year old Gobillot will join the ONEOK board from the Magellan …
Canoo Technologies has established an agreement with the Pawnee Nation, based in Pawnee, Oklahoma, to identify and nurture emerging business and job opportunities in Oklahoma’s growing clean energy industry. “Our decision to locate our manufacturing in Oklahoma wasdriven in part by opportuities to work with tribal nations and others to further diversify local economies and to help create good …
