Crude oil prices dropped Thursday to six-month lows as global benchmark Brent crude fell closer to $70 a barrel rather than $80. Investors are reported to be worried about sluggish energy demand in the US and China, even though output in this country is near record highs. Brent dropped 25 cents and settled at $74.05 …
December 7, 2023 archive
Coal production still strong in US despite efforts by John Kerry to kill it
There had to be some irony in John Kerry’s call this week at the COP28 conference in Dubai to shut down every coal-fired power plant in the world. Within a few days after Kerry, the U.S. climate envoy, said that coal plants should no longer be permitted, especially in the U.S., the federal government …
Oklahoma Women in Aviation and Aerospace Day this week
Oklahoma women in aviation and aerospace will be honored this week by the Oklahoma Department of Aerospace and Aeronautics along with several aviation-afilliated groups. Joining the Department in observing Friday as the special day for women will be the 137th Special Operations Wing of the Oklahoma National Guard, the Will Rogers World Airport, the …
Nation begins the winter with the most natural gas in storage since 2020
Natural gas users worried about the approaching winter months and what they might do to supplies and prices are being told by the government supplies are plentiful. A report from the U.S. Energy Information Administration stated the Lower 48 states will enter the winter heating season, which runs from November 1–March 30, with the …
Study urges more conservation of water in Ogallala Aquifer
The Ogallala Aquifer that runs through the Oklahoma Panhandle was the subject of a Kansas Geological Survey report that indicated groundwater levels could be sustained for at least one decade by reducing pumping up to 32%. The big question is—how to accomplish such a reduction? “Our results show that the only way to slow …
BlackRock still invests in Oklahoma oil and gas
Two Oklahoma energy companies made filings with the Securities and Exchange Commission showing who some of their shareholders are. A filing by Tulsa-based Vital Energy also revealed BlackRock Inc., the firm banned from doing business with state agencies under the Oklahoma Energy Discrimination Elimination Act, is actually doing business with oil and gas. BlackRock …
ONG begins a renewable natural gas program for customers
Oklahoma Natural Gas launched a new gas program this week, one offering renewable natural gas to those customers who want to use it. The RNG program allows customers to buy the renewable natural gas starting at around $3, according to an announcement by ONG. “Renewable natural gas is an innovation that is ready today, yielding …
What happens in Oklahoma’s oil patch affects the State Treasury
What’s happening to the oil and gas industry in Oklahoma has had a natural impact on Oklahoma’s revenue….it’s falling. Witness the latest monthly report from State Treasurer Todd Russ who reported declining revenues from oil and gas production pushed down gross receipts. For the last 12 months, they totaled $17.05 billion, but were down …
Drumright firm prepares to ship massive project
Drumright’s T&D Fabrication recently finished a two-year project of building a a water treatment plant column that is as big as a rocket. The 189-foot-long absorber column will be shipped to Springfield, Illinois. It was also the largest project the company ever completed, according to News on 6. Known as an “oil and gas …
Quick reads
** The world needs to phase out some fossil fuels — while employing carbon capture technology — to reach net zero climate targets by mid-century, US climate envoy John Kerry said, even as negotiators haggled over the best approach. ** Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in …
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