Oklahoma’s delegation in the U.S. House was part of the overwhelming vote Wednesday night to stop the Biden administration’s implementation of an EPA rule to require the manufacture of electric vehicles beginning in 2027. The Choice in Automobile Retail Sales Act of 2023 or H.R. 4468 was approved on a 221-197 vote with all …
Another dividend was declared Wednesday by OGE Energy Corp., parent company of Oklahoma Gas and Electric Company. The first quarter dividend will amount to $0.4182 per commonshare of stock. Payment will be made on Jan. 26, 2024 and only to shareholders of record as of Jan. 8, 2024. According to investment analyst Koyfin, OGE …
Crude oil prices took another drop on Wednesday as the U.S. benchmark fell below $70 a barrel, reaching the lowest level since June. The slide was apparently caused by growing concern that the market is oversupplied. West Texas Intermediate crude slid $2.94 or 4.1% a barrel, coming to rest at $69.38 per barrel on the …
An Oklahoma City artificial intelligence firm has announced a strategic partnership with a Texas based company specializing as a rock and fluids labratory for the petroleum industry. Senslytics, an Oklahoma City startup founded in 2015 by Rabindra Chakraborty, and GeoMark Research of Houston, a Geochemical and PVT data and analylsis, formed a partnership aimed …
The nation’s crude oil stocks declined in the past week while the amount of crude in storage at the Cushing Hub in Oklahoma increased. The U.S. Energy Information Administration reported the U.S. crude stocks fell 2.7 million barrels from 449.7 million barrels on November 24 to 445 million barrels as of the first of …
Tens of thousands of Arkansas customers of Black Hills Energy, a firm headquartered in South Dakota, might see their monthly gas bills going up $15 if state regulators approve the company’s rate hike request. Black Hills, with customers in 8 states including Arkansas, recently applied for a $44 million base rate hike increase from …
A Federal Court of Appeals has ordered proponents of a rail line meant to carry oil from Utah, through Colorado and eventually to the Cushing Hub in Oklahoma, back to the drawing board. Too much opposition from Colorado. It means the 88-mile Uinta Basin Railway aimed at increasing Utah’s fossil fuel exports from 90,000 …
STEM education in Oklahoma got a boost this week from Tinker Air Force Base and Rose State College in Midwest City. The two donated a 3D printer from Tinker’s REACT Lab and a ceremonial signing was originally planned for Tuesday afternoon but was postponed to a later date to be announced soon. Rose State …
She’s the only governor attending the COP28 conference in Dubai, yet New Mexico Gov. Michelle Lujan-Grisham has her critics back home—those who don’t support her Green mob mentality and opposition to the state’s oil and gas revenue in the Permian Basin. Take for example what Dr. Jonathan Lesser, President of Continental Ecoomics, a senior …
Nitro Lift, a nitrogen services provider headquartered in Tishomingo, Oklahoma has been acquired in a deal announced by USA DeBusk LLC, a firm headquartered in Deer Park, Texas. The acquisition includes Nitro Lift Technologies LLC, Nitro-Lift Fabrication LLC and Nitroo-Chem Solutions LLC. No acquisition price was revealed in the announcement. The acquisition of Nitro-Lift …
