February 23, 2024 archive

Crude oil, natural gas and OK energy stocks finished the week down on Friday

Crude oil prices dropped about 3% in Friday’s trading and Oklahoma energy stocks also did not fare well for the day with most recording losses. Oil prices took a nose-dive after a U.S. central bank policymaker interested interest rate cuts might be delayed for another two more months. West Texas Intermediate crude futures, considered the …

Continue reading »

Colorado legislators to consider bill to force summer “pause” in oil and gas drilling

  Not only do Democratic lawmakers and environmentalists in Colorado want to do something about fighting ozone issues in the state, they propose doing it by “pausing” oil and gas drilling in the summer months. It’s among the bills the legislators filed for their 2024 legislative session. “This is the time,” said one state Representative …

Continue reading »

Small rural rail lines in Kansas to share more than $16 million for improvements

  Seventeen short-line railroads in Kansas will be sharing nearly $16.5 million for expanson and rehabilitation. The rail lines are located mostly in the western half of the state and the funding is from the Kansas Department of Transportation’s Rail Service Improvement Program. It is in the form of matching grants and each of the …

Continue reading »

Turning OKC’s Will Rogers World Airport into an International Airport

  Oklahoma City’s Will Rogers World Airport is truly about to become a “World” airport with international flight capabilities. The Airport Trust has voted to support a plan creating an international customs inspection center at the Airport, a move that would allow international flights to and from the airport. Currently, no international flights are available …

Continue reading »

Mullin and Hern join Congressional effort to urge Biden to kill EPA tailpipe plan

    Oklahoma Congressman Kevin Hern and U.S. Sens. Markwayne Mullin and James Lankford were among more than 130 Republican lawmakers who sent a letter to the White House urging the President to kill his proposed tailpipe emissions regulations that are intended to force drivers to switch to electric vehicles. They were the only three …

Continue reading »

Energy quick reads

** U.S. President Joe Biden on Friday announced Washington would issue more than 500 new sanctions targeting Russia as the United States seeks to increase pressure on Moscow to mark the second anniversary of its war in Ukraine. ** AT&T finally restored wireless service to all customers by around 3 pm ET Thursday and the …

Continue reading »

Cheniere Energy expects lower profits as natural gas prices continue their fall

    Cheniere Energy, the energy firm with a major natural gas line extending from Oklahoma’s STACK and SCOOP plays and also the biggest U.S. buyer of gas and the biggest U.S. exporter of LNG, forecast a lower core profit for 2024. Just as Oklahoma City’s Chesapeake Energy lowered its capital expenditures for natural gas …

Continue reading »

E15 ethanol approved year round by EPA in corn producing states

    Governors of some of the nation’s biggest corn producing states got their wish. So did corn producers. The Environmental Protection Agency gave approval for E-15 ethanol gas sales to be allowed year round in eight Midwest states with heavy corn production. The rule change came as the EPA was under heavy pressure from …

Continue reading »