October 2023 archive

City of Piedmont explores remedy to oilfield damaged streets and roads

  A City Councilman in the city of Piedmont is blaming oil well drilling activity around his city for messy and muddy roads and he wants the city ordinances updated to deal with the problem. Byron Schlomach, the Ward 5 Council member complained at a recent meeting about the damage to Arrowhead Road and NW …

Continue reading »

Senate hearing to explore Michelin plant closing

  Members of an Oklahoma Senate Committee want to know more details about what led to Michelin’s decision announced this week to close its tire production plant in Ardmore, a move that will put 1,400 employees out of work sometime in 2025. The Senate Select Committee on Business Retention and Economic Development plans a hearing …

Continue reading »

Rig numbers remain steady in Oklahoma while nation sees slight gain

  Oklahoma’s oil and gas rig count held steady in the past week while the national total increased by one to 625. Baker Hughes Co. released its weekly Rig Count on Friday showing a pickup of 2 oil rigs to reach a total of 504 while the number of gas-drilling rigs declined one to 117. …

Continue reading »

PSO hands out free LED light bulbs

  Public Service Company of Oklahoma (PSO) says it will distribute 122,000 free LED bulbs to Oklahoma families this year. In the past 10 years, PSO’s Shine a Light program has distributed almost 1 million energyefficient bulbs, which last longer and use less energy. For PSO customers, that has meant more than $3 million in …

Continue reading »

Rivian meets quietly about more of Biden’s Green Energy handouts

  While EV maker Canoo has relied on millions of dollars in incentives offered by the state of Oklahoma and the city of Oklahoma City, another strugging EV maker, Rivian is doing its best to take advantage of the Biden administration’s green energy slush fund. It was reported that Biden’s clean energy czar, John Podesta …

Continue reading »

EV maker Canoo is bleeding cash

  After being told the state of Oklahoma would offer $100 million in incentives in August, EV maker Canoo has seen its stock plummet in price. Trading closed at 26 cents a share on Friday as the car maker moved ahead with transforming a former plant in west Oklahoma City into a manufacturing plant. It …

Continue reading »

AG alleges construction embezzlement

An Oklahoma contractor was charged today with nine counts of felony embezzlement and a pattern of criminal offenses after an investigation by the Attorney General’s Consumer Protection Unit. The Office of the Attorney General charged Benjamin Moore, 36, in Pottawatomie County District Court after the investigation revealed he allegedly took nearly $85,000 from nine customers …

Continue reading »

Crude oil managed 3% gain on Friday while OK energy stocks slumped

Crude oil prices wrapped up the week with gains of nearly 3% on Friday as worries grew that the fighting in Israel and Gaza might lead to a wider conflict in the Middle East. At the same time, Oklahoma energy stocks experiences losses of 2% to 3%. West Texas Intermediate crude went up $2.33 or …

Continue reading »

Oklahoma House members supported Act to rein in Green New Deal

  All five Oklahoma Representatives in the House recently voted in support of a measure that not only reins in the Biden administration’s Green New Deal policies but funds improvements in the nation’s waterways. Rep. Tom Cole, Vice Chairman of the House Appropriations Committee eagerly gave his support to H.R. 4394, the Energy and Water …

Continue reading »

Brief energy stories

** The Biden administration issued a federal plan Thursday to remove all remaining oil and gas infrastructure located off the California coast once they stop producing. ** Sen. Joe Manchin, D-W.Va., blasted the Biden administration Thursday for its actions delaying a major offshore oil and gas lease sale, and called for it to move forward with the sale within two …

Continue reading »