Crude oil prices plunged nearly 4% in Tuesday’s trading, taking Oklahoma energy stocks with them. It was the lowest level for Brent and WTI prices in half a year, thanks to nagging worries of investors about oversupply. Prices fell after U.S. economic data showed a surprised increase in consumer prices. West Texas Intermediate crude, the …
I always enjoy the Mesonet forecasts and accompanying pictures from Oklahoma Climatologist Gary McManus. Of course, give him due credit for his comedic approach to the weather. But this week’s forecast calls for rain in western Oklahoma…maybe lots of it. If you consider two to three inches a “lot” of rain. It also means …
Oklahoma U.S. Sen. James Lankford is one of the co-sponsors of a bill to require the federal government to hold regular oil and gas lease sales in an effort to shore up U.S. energy security. He joined Montana Republican Sen. Steve Daines, who is the main author of the Supporting Made in America Energy Act. The …
Who says oil and gas operators don’t care about the environment. Houston’s Apache Corporation has started a partnership with Sul Ross State University in Alpine, Texas to study well pad development and protection of the ecological system around the pads in the Permian Basin. The partnership with the Borderlands Research Institute is to be a …
Oklahoma City started a $44 million improvement project this week for its Hefner Water Treatment plant. The project is aimed at modernizing the plant’s ozone disinfection system and increasing its treatment capacity. The ozone upgrade is one of multiple infrastructure improvement projects the OKC Utilities Department is undertaking to improve resiliency and help meet …
Gulfport Energy Corporation of Oklahoma City announced the proposed block trade of more than 653,000 shares managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC. The 653,464 shares of common stock will be offered in transactions on the New York Stock Exchange and in the over-the-counter market. Gulfport shares finished Monday’s trading …
The good old days of lower gasoline prices. As I recalled the cheap gas I paid as a teenager in Kansas in the 1960s, when Art Soukup at the local Skelly station came out and cleaned your windshield and $1 would let you drive all night around town, I wondered how prices today compared …
In deciding not to review a Fifth Circuit Court of Appeals decision, the U.S. Supreme Court let stand a lower court ruling that found the Texas Right of First Refusal law is unconstitutional. The case was Lake vs. NextEra Energy and the Supreme Court decided not to grant certiorari, which means the Justices agreed …
Okay, maybe you won’t light up your house at Christmas like Clark Griswold in the movie “Christmas Vacation.” But Oklahoma Gas and Electric Company is out with some electrical safety tips for those who untangle their lights and crawl around the roof of their home. Check your lights for frayed cords, cracked sockets or …
Despite having what critics call a “Green mob” governor in Michelle Lujan Grisham and an administration that fights oil and gas, New Mexico is about to score a $3.5 billion general fund surplus thanks to the oil and gas wells pumping in the state. A new forecast issued this week explained how New Mexico’s …
