As crude oil prices dropped since OPEC+ decided over the weekend to continue with production cuts into 2025, crude oil stocks increased in a surprise move across the U.S., including the Cushing Hub in Oklahoma. Nationally, stocks increased by 1.2 million barrels, according to the U.S. Energy Information Administration. The total grew from 454.7 …
The heat blast that worried electric producers in the South and Southwest left its mark on Oklahoma this week as one town in southwest Oklahoma hit an early heat index of 113. It was in the Tillman County town of Grandfield and the 113 heat index, according to Oklahoma Mesonet Climatologist Gary McManus, was the …
Maybe it’s more than a bump in the road for Enbridge Inc. and its plans for a $1.2 billion solar farm development near Cheyenne, Wyoming. Maybe it’s the road itself. As OK Energy Today has reported previously, the company had planned to construct the farm on private land and provide electricity to a Meta …
If former President Donald Trump is re-elected to the White House, Interior Secretary Deb Haaland will be out of a job. Not just out of work, but the department she currently heads under the Biden administration will be gone. History! It’s the vow made by Trump in a recent interview with Fox News’ …
The Texas Oil and Gas Association is celebrating a big boost in energy employment in the state. According to newly released data from the Texas Workforce Commission, employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March, representing the highest single month growth in upstream …
Devon Energy has a new chairman of its board of directors. The Oklahoma City energy company announced the board appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while also …
(Arkansas Business) Toyota is closing one of its auto parts factories located in Arkansas. As reported by Arkansas Business, Hino Motors, a subsidiary of Toyota plans to close the plant in Marion and it will eventually put 1,300 people out of worker. Hino explained it had an operating loss last year of $189 million and …
Oklahoma regulators are planning a session with stakeholders to focus on rule changes. The Corporation Commission announced it intends to hold a Chapter 5 Rules of Practice Industry Roundtable meeting on Wednesday, June 12 at 1:30 p.m. The purpose of the meeting is to promote engagement with industry stakeholders, gain input and ideas, …
** A new study has found that integrating Texas’s self-contained electrical grid with the broader national grid could prevent mass power outages like those suffered in 2021. The research, from the Massachusetts Institute of Technology, found that if such a law had been enacted ahead of the 2021 event, Winter Storm Uri, up to 80 percent of …
The second day of the trading week brought another drop in crude oil prices as demand around the world is showing signs of weakness. It cascaded on top of Monday’s drop following the decision by the Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, agreed Sunday to extend their …
