Crude oil prices rose nearly 2% in Tuesday’s trading after news of more Ukrainian drone attacks on Russia’s third largest refinery. The conflict in the Middle East also added pressure to increased prices. West Texas Intermediate crude for May settled up $1.44 or 1.7% to $85.15 a barrel on the New York Mercantile Exchange. At …
The amount of gross production tax revenue from Oklahoma’s oil and gas production took another hit in March. State Treasurer Todd Russ reports the tax totaled $1.12 billion, down $901.2 million or 44.6% for the same 12-month period. He said total tax receipts for the past year through March came to $16.85 billion, a …
The issue of utility rate hikes in Oklahoma is becoming more and more a “hot button” political issue, hot enough that some feel certain controversial bills in the legislature haven’t moved because candidate filings are taking place for the remainder of the week. There’s the matter of whether legislators are hesitant about progressing …
The Oklahoma State Capitol will be a busy place this week as hundreds of candidates for federal, state and legislative offices make their filings with the Oklahoma State Election Board. The filing period is April 3, 4 and 5, daily from 8 a.m. to 5 p.m. One man who intends to be there, …
Drone operators are getting another warning from Vance Air Force Base in Enid….the Air Force doesn’t want you close to the training base. It could prove to be fatal for the pilots flying in and out of the base. The discovery of a drone within several miles of the base is cause for …
Oklahoma Corporation Commissioners will hold another special meeting on Wednesday with the state’s oil and gas industry to get more input on storage regulations and issues. The commission’s Petroleum Storage Tank Division will hold the roundtable disccussion and the state’s three Corporation Commissioners might attend. The roundtable’s purpose is to engage industry stakeholders …
The annual shareholders meeting of Oklahoma Gas and Electric Energy Corp. will be a virtual event next month. The company announced the shareholders meeting in a proxy statement filed with the SEC and said it will be held May 16, a Thursday and start at 10 a.m. Sean trauschke, Chairman, President and CEO of …
AAA Oklahoma is among those highway safety groups issuing warnings about driving on Monday, the 8th, the day of the solar eclipse. It issued the warning for drivers to be alert because “the fast-moving phenomenon could impact traffic safety.” “As spectacular as this once-in-a-lifetime event will be, if you happen to catch a glimpse …
** The U.S. was the world’s largest exporter of liquified natural gas (LNG) in 2023, according to federal data released on Monday. U.S. exports of the fossil fuel last year surpassed those of major exporters Qatar and Australia and amounted to 12 percent more American gas shipped than in 2022, the independent Energy Information Administration said. …
While Oklahoma City’s EV startup manufacturer Canoo reported it had cut its losses from 2022 to 2023, its operations have raised some questions—such as the use of CEO Tony Aquila’s private jet. While Canoo generated only $886,000 in revenue last year compared to zero dollars the previous year, it still managed production of 22 …
