Oklahoma Gov. Kevin Stitt recently observed Clean Energy Week in Oklahoma and did so with a proclamation that drew thanks from the state’s energy industry. Thank you, Governor Kevin Stitt, for recognizing Oklahoma’s Energy Leadership Now more than ever before, American energy is powering homes and businesses across Oklahoma. Recognizing this, Governor Kevin Stitt …
October 12, 2023 archive
Buildup in crude oil storage sent prices down on Thursday
Thursday brought early gains for crude oil prices, but they were beaten down by news of a large gain in U.S. crude stockpiles. Oklahoma energy stocks performed weakly for the day. West Texas Intermediate crude dropped 58 cents to $82.91 a barrel on the New York Mercantile Exchange, but only after climbing more than $1 …
OGE moves to lower monthly utility bills
Normally many customers of utility companies are shocked when they open their monthly bills—shocked over increased amounts. But Oklahoma Gas and Electric Company is doing just the opposite. On Thursday, the utility informed its customers it would be lowering customer bills effective Nov. 1 because it would also be lowering the fuel charge on …
Lankford and Sinema work to improve federal telework
Senator James Lankford (R-OK) along with Senator Kyrsten Sinema (I-AZ) introduced the Telework Reform Act to better equip federal agencies to recruit strong candidates to remote work positions and to promote the management, accountability, and transparency of federal telework environments. This bill directs federal agencies to identify job classifications which could benefit from being performed through remote work …
Electricity price inflation condemned by consumer group
A national coalition that advocates for increased competition in the nation’s electricity transmission infrastructure points to the latest set of inflation data released by the U.S. Bureau of Labor Statistics to make its case. The Electricity Transmission Competition Coalition says the data confirmed that electricity price inflation continues to hurt households and businesses, far outpacing …
US sees large build in stored crude oil while Cushing fell
The amount of crude oil in storage in the U.S. grew in the past week, causing a drop in American oil prices. At the same time, the storage dropped at the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported the U.S. storage rose by more than 10 million barrels from 765.3 million …
Hamm says war in Israel shows importance of energy and national security
Noted Oklahoma oilman Harold Hamm, the founder of Continental Resources and who is considered a “legend” in the industry, says the war declared against Hamas by Israel shows one thing—the world’s energy industry is better prepared for worldwide disruptions than it was decades ago. “It certainly has affected our industry. This deal in Israel—we’re …
Federally funded well-plugging effort is really a small effort
Observers of the nation’s thousands of abandoned oil and gas wells say what the Biden administration is putting into a cleanup program is only a dent in the effort. Oklahoma is among 24 states that received some of the billions of dollars. A total of $4.7 billion was set aside to plug the orphanied …
3Q earnings report scheduled by LSB Industries in OKC
The third quarter financial results of ammonia-related producer LSB Industries, Inc. will be made known at the first of November. The Oklahoma City company pllans to release the report after the close of the stock market on Wednesday, November 1. It will be followed by a conference call on Thursday, November 2 at 9 …
Gulfport schedules release of 3Q earnings report
Gulfport Energy Corporation plans to release its third quarter earnings report at the end of the month. Results will be released after the market closing on Tuesday, October 31. A teleconference and webcast will be held the next day, Wednesday, November 1 at 8 a.m. Central Time. As a result of its exploration, acquisition …
- 1
- 2