Oklahoma energy stocks had a mixed day Tuesday. Thirteen of the 22 were higher, with one flat. Here are the numbers: Alliance Resource Partners, L.P. 22.81 USD +0.26 (+1.15%) Canoo Inc 2.65 USD -0.14 (-5.02%) Chesapeake Energy Corp 91.25 USD +1.15 (+1.28%) Coterra Energy Inc 27.81 USD -0.14 (-0.50%) Devon Energy Corp 49.71 USD -0.12 …
May 2024 archive
Wildfire Smoke Entering US Skies From 2 Directions
The US is getting it from both sides. Smoke from wildfires in Canada is filling northern skies and some people in the southeastern US are having their breathing impacted by wildfire smoke from Mexico. Scientists are saying this is the new normal. Hotter, drier conditions in Canada combine with dry grass and underbrush to …
Peru Grants $800M License Contract For Drilling
Perupetro (PER oo – PET roh) opens the door for additional drilling with approval for an $800 million dollar contract with a consortium of petroleum developers. Operations are set to begin next Monday as the South American country moves to increase its oil production over the next decade. Continue reading…
Changes In Energy Policies Can Make It Easier For Companies Wanting To Drill On Your Land
Ohio gets most of the attention, but any state where drilling happens could be affected by new state energy policies. Unitization orders in the Buckeye State are creating a higher hurdle for those trying to block drilling or negotiate concessions – issues that could be headed for Oklahoma in the future. Continue reading… …
Inflation Slows To 3.4% In April
It may not feel like it, but grocery prices are falling. The biggest reductions come in what you pay for basics like eggs and milk. So-called “core” inflation – which doesn’t consider volatile food and energy prices – reached 3.6% and that’s the lowest reading in three years. Continue reading
“Circular Economy” Could Be Answer To Dealing With Growing Pile Of Waste
Oklahomans join the rest of the country in creating a big pile of junk every day. Four-and-a-half pounds is double the trash we generated 40 years ago. That’s because many products we consume are designed to wear out soon after purchase. The call is growing for us to pursue a “circular economy.” Think recycling. Continue …
Energy briefs
** A barge hit a bridge in Galveston, Texas, on Wednesday, resulting in an oil spill. The Galveston County Sheriff’s Office told a local news outlet that a giant part of the bridge fell off after the incident occurred. exas A&M University at Galveston said that the Pelican Island Bridge is currently “closed to all traffic …
More Tesla layoffs
The layoffs are growing at Tesla. The company revealed this week it intends to lay off 601 employees in California. Tesla filed a notice to state government. It’s the latest after CEO Elon Musk indicated last month his company would lay off more than 10% of its global workforce. Last year, the company employment …
Corporation Commissioners relucant to give direct support to Auditor Cindy Byrd
The Oklahoma Corporation Commission put the Oklahoma Office of Management and Enterprise Services on notice—it stands by the state’s Central Purchasing Act and required competitive bidding for contracts and an Attorney General’s investigation of the office. But it wouldn’t come out and directly give support to the State Auditor who peeled back the layers …
Crude oil prices dropped on fears of continued high interest rates
As crude oil prices dropped more than 1% in trading on Tuesday, thanks to U.S. data fueling concerns that interest rates will remain high, Oklahoma energy stocks responded with gains for the day. Because of increased producer prices in April, concerns grew that the Federal Reserve will maintain borrowing costs at elevated levels in the …