Crude oil prices dropped 3% in Thursday’s trading and Oklahoma energy stocks suffered the same fate, this as more shipping companies indicated they will return to using the Red Sea route. Word of their plans eased concerns about supply disruptions in the Middle East. West Texas Intermediate crude fell $2.34 or 3.2% to $71.77 a …
December 28, 2023 archive
Offering of completions and permits to drill
We apologize for the issues experienced with our daily well completions and permits to drill. It has been challenging to say the least and the issue has yet to be resolved. However, this is an offering of a basic search of records, based on initial reports on file with the Oklahoma Corporation Commission. Here …
Lincoln Electric expands to Bartlesville
The sale of a former Siemens building in Bartlesville means the city will get 100 new full-time jobs offered by a New Jersey electric welding company that is expanding operations to northeast Oklahoma. Lincoln Electric Company, based in Union City, New Jersey and with headquarters in Cleveland, Ohio, reached an agreement with the Bartlesville …
Oklahoma takes a look at a pay-per-mile driven road tax
Oklahoma might be considering switching to a Pay per Mile program as a means to finance road improvements, rather than relying on a gasoline tax. It’s the recommendation of a task force which issued a report released Wednesday, according to the Tulsa World. The report indicated such a program could start in 2027. “The strength of …
Actor Pierce Brosnan in hot water for violating Yellowstone National Park rules
Add Hollywood actor Pierce Brosnan to the growing list of what some call “tourons,”—tourists who visit Yellowstone National Park and do something they should not be doing. It’s a combination of the two words “Tourists” and “morons.” According to the Cowboy State Daily, the Irish actor known for his role as James Bond, was …
Testifying to Congress highlights one energy leader’s 2023 efforts
Looking back on energy issues that happened in 2023, one was the testimony offered to Congress by Lucas Gjovig, CEO of GO Wireline who is also a member of the Oklahoma Workforce Advisory board. He testifed in March before the U.S. House of Representatives Small Business Committee’s Subcommittee on Rural Development, Energy and Supply …
AAA reminds motorists…enjoy a safe and sober New Year’s Eve
As many prepare for New Year’s celebrations, AAA is reminding drivers and passengers alike of the dangers on the roads this New Year’s holiday, which consistently ranks among the year’s deadliest days for alcohol-related traffic fatalities. “According to the National Highway Traffic Safety Administration (NHTSA) 13,384 people died in drunk driving crashes in 2021,” said …
Crude oil stocks gain at Cushing and the US
A report by the U.S. Energy Information Administration showed crude oil inventories at the Cushing Hub in Oklahoma and across the U.S. rose in the past week. Nationally, the gain was said to be 1.837 million barrels for the week ending December 22. A week earlier, the increase was 939,000 barrels of crude oil. …
Energy quick reads
** PNM Resources, Inc.PNM and American Electric Power AEP announced an agreement to sell their 50% ownership interest each in renewable joint venture New Mexico Renewable Development, LLC (“NMRD”) to Exus North America Holdings. This agreement is worth approximately $230 million, subject to true-up adjustments at close. ** Two U.S. senators have written to Elon Musk, Tesla’s top executive, …