A surprise buildup of U.S. crude stocks resulted Wednesday in an extension of the losses crude oil prices recorded a day earlier. The U.S. Energy Information Administration reported that nationally, crude stocks increased 1.8 million barrels from the 457 million barrels in storage as of May 10 to the 458.8 million barrels reported May …
Urban League of Greater Oklahoma celebrated the opening of a new science, technology, engineering and math (STEM) Center funded in part by Devon Energy. This innovative learning space is provided through a partnership between Devon Energy and the Cal Ripken, Sr. Foundation. The STEM Center supports the organization’s mission to bring social and economic …
The same tornado that destroyed much of the town of Greenfield, Iowa on Tuesday, killing several people, also displayed its power effect on a nearby wind farm. Several of the 250-foot wind towers were toppled in the storm even thought they are reportedly built to withstand tornadoes, hurricanes and other powerful winds. The US …
On Monday, Gov. Stitt signed legislation that will address a significant challenge that Oklahoma small business owners face. House Bill 3618, authored by Rep. Erick Harris, R-Edmond, allows the transfer of a motor vehicle title with an active lien from a commercial lender to an individual’s business entity. “Currently, small business owners in Oklahoma often …
A review of the legislative process that created the Oklahoma Energy Discrimination Elimination Act, a 2022 law now suspended because of a Judge’s ruling in a lawsuit filed by a state retiree, revealed there was little interest in the economic impact of the law—other than protecting the state’s oil and gas industry. It appeared …
** The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. ** Broad majorities …
With national gasoline prices averaging $3.60 a gallon, the Biden administration, much like it did in 2022 with the release of oil from the Strategic Petroleum Reserve, announced a move designed to ease prices. Critics contend it is a political move designed to attract support for President Biden who is slumping in the polls. …
Problems at the construction site of a large Texas liquefied natural gas plant. Zachry Holdings, the lead contractor for the plant being built by Qatar Energy and Exxon Mobil, filed for Chapter 11 bankruptcy protection on Tuesday. The firm shared most of the $10 billion project called Golden Pass LNG. Reports indicated it was …
The same day that shareholders of Chesapeake Energy voted whether to approve a proposed merger with Southwestern Energy, Chesapeake confirmed the layoffs of 80 workers. The layoffs represented about 10% of the Oklahoma City company’s workforce, reported The Oklahoman. The company explained the layoffs came as a result of Chesapeake’s sale last year of its …
Three days after a team of 100 OG&E linemen and support personnel deployed to Houston, Texas, crews have been working around the clock to restore power as quickly and safely as possible to areas affected by last Thursday’s severe storm. Since arriving, OG&E crews have been assisting CenterPoint Energy and began working Sunday morning …
