As US crude inventories fell by 1.4 million barrels last week, it resulted in a slight gain in crude oil prices on Wednesday. At the same time, it was an indication that U.S. refiners are ramping up output ahead of the summer driving season. West Texas Intermediate crude finished up 61 cents or 0.8% to …
A spokesman for Oklahoma Treasurer Todd Russ indicated the Treasurer will appeal an Oklahoma County District Court Judge’s decision suspending enforcement of the state’s two-year old law boycotting financial companies that discriminate against the oil and gas industry. Jordan Harvey, chief of staff for the Treasurer, told Mike Ray of the Southwest Ledger there …
A few hundred Oklahoma residents remain without electrical power following the Monday night tornadoes that left one dead in Barnsdall and damage elsewhere around the state. At one point, there were tens of thousands who lost electricity and in a fast recovery, Oklahoma Gas and Electric reported Wednesday that 99% of its 38,000 customers …
A week after criticizing federal tax credits for electric vehicles, Oklahoma U.S. Sen. James Lankford joined forces with Wyoming Republican Sen. John Barrasso to file legislation to bring an end to the tax credits for EVs and charging stations. Their Eliminating Lavish Incentives to Electric (ELITE) Vehicles Act stops taxpayer money from subsidizing the …
While the nation saw a slight decline in its crude oil stocks, such was not the case at Oklahoma’s Cushing hub where there was an increase of nearly 2 millon barrels of oil. The U.S. Energy Information Administration reported Wednesday the nation’s crude stocks dropped from 460.9 million barrels recorded on April 26 …
The Biden administration unveiled 10 proposed electric transmission pathways to expand the nation’s power grid and one of them runs across Oklahoma. They are formally called 10 potential National Interest Electric Transmission Corridors (NIETCs) to accelerate the development of transmission projects in areas that present what Energy Secretary Jennifer Granholm called “an urgent …
ExxonMobil’s $64.5 billion buyout of Pioneer Natural Resources is a done deal. The large acquisition, first announced in October of last year, was finalized this past week. The move constituted a marriage of two of the largest fossil fuel companies active in the Permian Basin. Together, they operate on 1.4 million acres across …
A proposed rule that would open the door in New Mexico to reusing treated oil and gas wastewater has been met with protesters at the state capitol in Santa Fe. State regulators plan to vote on the controversial proposed regulations but already environmental groups gathered in opposition. They’re upset with plans by the New …
Chesapeake Energy announced its new leadership team once its merger is completed later this year with Southwestern Energy of Houston. In a filing with the Securities and Exchange Commission, Chesapeake President and CEO Nick Dell’Osso Jr. revealed who the New Company’s executive officers will be along with the Board of Directors. “As previously announced, I …
The woman who founded a citizen’s group that led the fight against allowing the Keystone XL pipeline in Nebraska will be a speaker this weekend during the Switchyard at Mayfest event in Tulsa. Jane Kleeb founded Bold Nebraska in 2010 and the organization remains active today, under a new name, BOLD Alliance, one that …
