Not only did crude oil prices make a 3% gain in Wednesday’s trading, largely because of the steep drop in U.S. crude stocks such as those at the Cushing Hub, but Oklahoma energy stocks soared 4% and 5%. U.S. crude prices rose to nearly $94 a barrel, no doubt generating speculation of just how …
There is a reason crude oil prices rose by 3% in Wednesday’s trading and you have to look no further than its storage in Cushing, Oklahoma and other major sites. Crude oil stocks across the U.S., including at the Cushing Hub in Oklahoma, took another drop over the past few weeks, reported the federal …
There’s a reason why some callers to some of the Oklahoma Corporation Commission’s offices are getting a squealing noise followed by “I’m sorry, the number you are calling is no longer in use.” The Commission announced this week that two of the Oil and Gas Division’s district offices have changed their phone numbers, and …
A third quarter report from the Dallas Federal Reserve Bank found moderate growth in the oil and gas industry in Texas. It was the conclusion of the Dallas Fed Energy Survey which measures conditions faced by energy firms in the Eleventh District. The report said the increased energy activity was driven by the exploration and …
EPA Administrator Michael Regan got a quick reminder Wednesday from Oklahoma Congressman Frank Lucas that he’s concerned the agency is making decisions based not so much on science but on politics. Rep. Lucas, chairman of the House Science, Space and Technology Committee spoke at a hearing that focused on Science and Technology at the …
Cortado Ventures announced that it has begun the final close of its oversubscribed $80 million seed Fund II. The Oklahoma City-based venture capital firm launched its second fund last year with the intent of bringing innovation and ingenuity to energy and logistics, life sciences, and the future of work sectors. This funding close will bring …
Public Service Company of Oklahoma was recently recognized by the Oklahoma Veterans Alliance as its 2023 employer of the year. The utility was previously recognized as a Veteran Employer Champion for four consecutive years, 2019-22. PSO has nearly 200 veteran employees and a dedicated veteran recruiter. PSO’s Military Veteran Employee Resource Group promotes the …
Denver-based Ovintiv Inc. announced it has received regulatory approvals to renew its share buy-back program. Approval came from the Toronto Stock Exchange which accepted the company’s notice of intention to renew the bid to buy up to 26,734,819 common shares beginning Oct. 3 of this year. The buyback effort will end in October of …
Oklahoma City’s public transportation service, EMBARK, announced it is offering a half-price sale on its transit passes from October 1 through 7. The sale includes daily, monthly and annual transit passes for fixed-route bus, OKC Streetcar and Spokies bike share. Transit passes purchased during the half-price sale can be used for EMBARK’ Bus Rapid …
An interesting observation by Austin, Texas energy writer Robert Bryce who pointed out that U.S. solar subsidies are 302 times more than subsidies for nuclear power. Actually, his Wednesday column was a correction from what he had written days earlier. Here’s how he described his newfound mistake: Solar subsidies are even bigger than what …
