A small rail company that serves Southeast Oklahoma and Southwest Arkansas, DeQueen and Eastern Railroad, will receive a nearly $12 million grant to make small freight rail improvements. Oklahoma U.S. Sen. Markwayne Mullin announced the awarding of the $11,830,000 grant,saying it came about in part due to his “advocacy efforts.” The funding was through …
AAA reported over the weekend that while gasoline prices fell in the past week in Oklahoma, they remained more than a year ago. Increasing crude oil prices are credited for a slow fall in prices at the pump as the national average, down two cents over the past week, was $3.83. But it was …
Crude oil prices dropped by 1% on Friday but remained at least 28% higher for the quarter, thanks to OPEC+ product cuts that put the squeeze on the global crude supply. Oklahoma energy stocks felt the pressure with at least one company, Empire Petroleum Corp., falling more than 7% in the day’s trading. West Texas …
Oil and gas rig activity took another drop in the past week, including in Oklahoma, according to the latest Baker Hughes Co. report released on Friday. While more rigs are in storage, sitting upright in some company yards, Baker Hughes reported that Oklahoma’s count fell, slipping by two to only 35 rigs, far from …
Crude oil production in the U.S. hit the second-highest level on record in July, according to a report from the federal government. It came despite the efforts of the Biden administration to end dependence on fossil fuels and to convert the nation to electric vehicles. The U.S. Energy Information Administration said it was largely …
Oklahoma legislators are preparing to start exploring the controversial issue of ROFRs, the power of Right of First Refusal by electric companies. At the same time, one state agency is already studying the issues. In an interim Oklahoma House hearing that will be streamed live over the Internet, the subject will be discussed and …
The city of Jackson, Wyoming, known to tourists as Jackson Hole, has a problem as it has high hopes for a low-emission bus service. It recently bought eight electric buses but non are running. The city made the purchases to replace diesel-run buses and finds itself relying on the diesel fleet. The challenge rests …
** Economists at the Energy Information Administration predict on average, US residential electricity prices in the US will decline by 1%. ** Nuclear power plants using low-cost electricity to make hydrogen from water, an emerging fuel, could play a role in the energy transition, the head of a U.S. office that distributes billions of dollars in loans …
Even Bloomberg News is paying attention to the declining amount of oil held at Oklahoma’s Cushing Hub, a matter reported eariler in the week by OK Energy Today. Cushing, the delivery point for benchmark U.S. crude futures, dropped under 22 million barrels in the past week and has been on a downward slide for …
