May 20, 2024 archive

Crude oil prices slipped Monday

  Crude oil prices backed off their recent gains and slipped less than 1% in Monday’s trading as the Fed indicated it is waiting for more signs that inflation is declining before it starts making any cuts in interest rates. Lower interest rates might boost economic growth and a demand for more crude oil. West …

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Oklahomans prepare for the long Memorial Day weekend travel

  The long Memorial Day weekend is approaching this week and the travel organization, AAA says 435,000 Oklahomans will be taking trips of 50 or more miles from home. The weekend travel period will be Thursday through Monday and AAA predicts the 435,000 Oklahomans will be among an expected 43.8 million to travel for the …

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Drummond flexed his constitutional power in representing State Treasurer

  When Oklahoma Attorney General Gentner Drummond removed the state treasurer’s defense team from a lawsuit filed over the constitutionality of Oklahoma’s energy discrimination elimination act, he wasted no time in taking control of the case. Oklahoma County Court records show Drummond filed on May 9 to intercede in the case where District Judge Sheila …

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While some Oklahoma cities see slight increase in gasoline prices, Tulsa plunged

  AAA says “like a tired party balloon,” gasoline prices across the U.S. are slowly deflating. But that’s not the best description for some Oklahoma gasoline prices because they went the opposite direction in the past week—rising a few cents a gallon. The national average dropped four cents last week to an average of $3.60 …

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SQRL Fuel in fight to stay out of bankruptcy court

  Quite a bankruptcy fight has developed with SQRL, the convenience store firm that just a year ago acquired dozens of stores in Oklahoma after acquiring them from another bankrupt company. Now SQRL Holdings creditors want to force it into Chapter 7 bankruptcy protection. The action, according to C-Store Dive and Arkansas Business, followed SQRL’s …

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Another weekend of tornadoes and power outages in Oklahoma

Oklahoma Gas and Electric was down to about 1,900 customers without power Monday morning following the Sunday round of another 6 or 7 tornadoes in the state. The heaviest outages were near Helena in northern Oklahoma and in the Village in Oklahoma City. One storm was in the Oklahoma City metro area where a night-time …

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Energy briefs

** The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key Bridge was refloated at high tide Monday and began slowly moving back to port, guided by several tugboats. Officials have said the Dali will likely remain in the port for a several weeks and undergo temporary repairs before being moved to …

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Lizard declared “endangered” in Permian Basin

  Oklahoma oil and gas operators in the Permian Basin were met with a new challenge—-the government’s action on Friday declaring a rare lizard in the Basin to be endangered. Citing future energy development and sand mining in west Texas and southeast New Mexico, the U.S. Fish and Wildlife Service said the dunes sagebrush lizard …

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Dividend declared by PHX Minerals

    PHX Minerals announced a quarterly dividend of 3 cents a share on the company’s common stock. The Fort Worth-based company with operations throughout Oklahoma, Texas, Louisiana, North Dakota and Arkansas said the dividend will be payable on June 11 to shareholders of record on May 31, 2024. The dividend was approved by the …

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Justin Hornback formally announces Corporation Commission candidacy

Justin Hornback formally announced this week his candidacy for the Republican nomination for the Oklahoma Corporation Commission. He is one of five candidates to succeed Commissioner Bob Anthony who is term-limited and one of the three candidates for the GOP nomination. He describes himself as a “seasoned energy industry veteran” with two decades of hands-on …

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