A big drop in U.S. gasoline stocks sent crude oil prices up nearly 1% on Wednesday and at the same time, Oklahoma energy stocks recorded increases. West Texas Intermediate crude rose 55 cents or 0.75% to finish at $73.86 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude finished 62 cents higher …
It was late January when President Biden froze new licenses to export LNG and immediately, West Virginia Sen. Joe Manchin, a Democrat like the President, ripped into his decision. “If the Administration has the facts to prove that additional LNG export capacity would hurt Americans, they must make that information public and clear,” he …
Despite recent rains that were recorded in some parts of Oklahoma, wildfires have kept firefighters busy in the past week, including one that burned more than 300 acres in the southeast. The Oklahoma Forestry Division on Wednesday reported six fires in the southeast burned more than 367 acres. The Pickens Creek Fire in Pushmataha …
Oklahoma Corporation Commissioners continue their review of certain changes rules in a meeting scheduled for Thursday afternoon at the state capitol. The rule changes will apply to telecommunications services and Gas & Hazardous Liquid Pipeline Safety. Discussion, hearing, and possible vote(s) in Case No. RM2023-000017, In the Matter of a Permanent Rulemaking of the …
The Oklahoma Corporation Commission’s Oil and Gas Conservation Division has issued a second directive for a change in the operations of some oil and gas wastewater disposal wells in response to recent seismic events in the Prague area. The new Directive is in addition to the previous Directive issued February 3 following the February …
In a review that certainly affects the energy industry in Oklahoma and other states, the Kansas City Federal Reserve Bank reports that bank deposit outflows continued last year despite increased deposit rates. The Federal Reserve Bank of Kansas City includes Oklahoma and its review of deposits found that deposit rate increases simply did not …
The government reported Wednesday a gain of more than 5 million barrels held in the nation’s crude oil stocks. At the same time, the amount of crude in supply at Oklahoma’s Cushing Hub held steady from last week. The U.S. Energy Information Administration reported the nation’s crude stocks rose from 421.9 million barrels on …
City leaders in Little Rock, Arkansas approved development of a 4.9 megawatt solar array that they claim will eventually supply nearly 70% of the city’s electricity needs. The Arkansas Democrat-Gazette reports Little Rock directors okayed a contract with Sun Hog Solar LLC, a construction subsidiary of Scenic Hill Solar, an Arkansas based company. As …
The Oklahoma Supreme Court ruled in support of Oklahoma City’s Devon Energy in a court fight over royalty payments collected on nine wells in Kingfisher County. With only one justice dissenting, the Court upheld a trial court’s summary judgment in favor of Devon Energy in a dispute with trustees of the Eunice S. Justice Revocable …
** Energy watchdog group Power the Future (PTF) filed a freedom of information lawsuit against the Biden administration on Tuesday, alleging it failed to divulge Special Presidential Envoy for Climate (SPEC) John Kerry’s taxpayer-funded staff. ** The Biden administration finalized regulations severely tightening restrictions on fine particulate matter that the manufacturing and energy sectors are legally allowed to emit, an action …
