October 25, 2023 archive

Wednesday brought increased crude oil prices and lower OK energy stock values

  Crude oil prices recorded gains in Wednesday’s trading but Oklahoma energy stocks had a rocky day. Benchmark U.S. crude oil for December delivery gained $1.65 to finish at $85.39 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude for December delivery went up $2.06 and closed at $90.13 a barrel on …

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Big arctic blast headed toward Oklahoma

  Halloween trick or treaters in Oklahoma might take a cue from Ralphie of A Christmas Story fame….bundle up! That’s the cue from Oklahoma Climatologist Gary McManus who says it will be a cold night for the little goblins. “I joked about it for months, but frozen Halloween anyone? At least it warms up to the …

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Yelloh, formerly Schwans is closing Oklahoma operations

  Remember Schwan’s, the frozen foods home delivery company? After changing its name to Yelloh, the company revealed this week the closure of operations in Oklahoma City, Lawton, Wagner and Tulsa. Known as Cygnus Home Service, LLC, the company informed the Oklahoma Office of Workforce Development is “closing facilities and ceasing operations in the state …

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Rep. Cole—Energy Security for America and Our Allies

  Oklahoma Congressman Tom Cole suggests the Biden administration’s depletion of the Strategic Petroleum Reserve raises a “unique threat to our nation” as China and Iran increase their oil production and war is underway in the Middle East. How can he make such a claim? Look no further than Joe Biden as President. “President Joe …

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Attorney General’s latest lawsuit? Massachusetts and its pig law

From Facebook to pigs….it’s what the Oklahoma Attorney General’s office did this week in handling lawsuits. The AG led the filing of a lawsuit this week against Meta and then on Wednesday, announced the joining of another litigation effort. Gentner Drummond’s latest is a fight over pork regulations in Massachusetts where a new law bans …

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Government reports 24% drop in active gas rigs since start of 2023

  Data source: Baker Hughes Company The number of natural gas-drilling rigs in the U.S. has been dropping since the start of the year. That’s according to the U.S. Energy Information Administration which reported the decline has totaled 24% since then. On October 20, the Baker Hughes Company reported 118 natural gas-directed rigs were active in the United …

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Kansas AG picks new law firm to handle winter storm price gouging lawsuit

  Weeks after a federal judge dismissed a natural gas price gouging lawsuit stemming for high prices during 2021 Winter Storm Uri and filed by the Kansas Attorney General against a natural gas marketer who also operates in Oklahoma, AG Kris Kobach hired a new law firm to represent Kansas. Reports indicate Kobach picked Hilgers Graben, …

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Legislators focus on water concerns in Oklahoma

  As work is underway for the approaching Oklahoma Governor’s Water Conference, Oklahoma legislators were told this week they should do more to develop the underground storage of water in the state. It was the advice of at least one university professor who spoke at an interim study  on underground aquifers. Todd Halihan, a professor and …

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Oilman Harold Hamm to celebrate diabetes research he funds in OKC

  For the first time since 2019, OU Health Harold Hamm Diabetes Center at the University of Oklahoma Health Sciences, will present its Connect + Cure Gala on Wednesday, Nov. 29, at the National Cowboy and Western Heritage Museum. The biennial event was put on hold in 2021, due to the COVID-19 pandemic. Diabetes is …

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NextEra Energy to focus on improvements to existing wind farms

  Even as NextEra Energy took part this week in an Oklahoma legislative committee study of a possible Right of First Refusal law in the state, the company was releasing quarterly returns and stating it plans to repower 740 megawatts of wind operations through 2026. A major player in Oklahoma’s wind industry, NextEra Energy indicated …

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