A larger than expected drop in crude oil and gasoline inventories gave a shot in the arm Wednesday to crude oil prices. They might have risen more but were restricted by some minimal supply disruptions from Hurricane Beryl. West Texas Intermediate crude rose 69 cents or 0.85% to finish at $82.10 a barrel on the …
July 10, 2024 archive
Two workers still hospitalized following workover rig explosion
The workover rig site where four workers were hurt in an explosion earlier this week near the Grady County community of Bradley was owned and operated by Red Rocks Oil & Gas Operating based in Oklahoma City. The company released a statement, according to News 9 TV, and said the site was the Newby …
Arkansas telecom firms move ahead with $13 billion merger
Arkansas Gov. Sarah Huckabee Sanders and other leaders were reassurred this week that a more than $13 billion merger between Little Rock telecom firms Uniti Group Inc. (Nasdaq: UNIT) and Windstream Holdings Inc. is still on track to create a “national fiber powerhouse.” It’s what Uniti CEO Kenny Gunderman told the state leaders as they gathered for a …
OGE crews respond to call for help after hurricane pounded Houston
More than 100 Oklahoma Gas and Electric workers gathered early Wednesday morning for a sendoff to Houston, Texas where they’ve been asked to help in the restoration of electric power following the destructive force of Hurricane Beryl. More than a million residents still lack power following the Sunday night furious arrival of the storm. …
Devon Energy’s Security expert named to First Responders Children’s Foundation
One of the newest members of the Board of Directors of the First Responders Children’s Foundation (FRCF), a national 501(c)3 organization dedicated to serving the children of U.S. first responders including firefighters, police officers, paramedics, EMTs, corrections officers, and 911 dispatchers is from Oklahoma City’s Devon Energy. Kent Chrisman is Senior Director of Security and …
ONE Gas faces upbill battle for its Kansas Gas Service division and a $58 million rate hike request
Leaders of Oklahoma-based ONE Gas received a setback this week for its Kansas Gas Service division that asked for a $58.1 million rate hike from the Kansas Corporation Commission. Staff at the KCC revealed their recommendation that the rate hike for the largest natural gas distributor in the state be only $31.7 million. The …
Oklahoma offers another $6.5 million from VW settlement fund
In another move aimed at reducing emissions from cars and trucks, the State Department of Environmental Quality is offering $6.5 million from the Volkswagen Settlement Trust On-Road Program. DEQ said the money is available for a reimbursement program to replace or repower eligible on-road vehicles, and some vehicles are eligible for up to 100% …
Sen. Lankford told his colleagues the Senate will miss Jim Inhofe
More tributes were made Wednesday following the death of former Oklahoma U.S. Sen. Jim Inhofe, including a Senate floor speech from Sen. James Lankford. Lankford who replaced Inhofe as Oklahoma’s senior senator told those in the chamber the Senate will miss Inhofe and so will the nation. Without objection, the Senate granted Lankford permission …
Crude stocks fall at Cushing and across the nation
The amount of crude oil in storage declined in the past week across the U.S. and also at the Cushing Hub, according to the U.S. Energy Information Administration. Cushing’s total fell 700,000 barrels from 34.2 million on June 28 to 33.5 million barrels as of July 5. A year earlier, Cushing held 41.2 million …
Montana GOP leaders take on youth whose climate lawsuit led to groundbreaking ruling
(Thom Bridge–Independent Record via AP) The Montana state Supreme Court is being asked to overturn a lower court ruling pushed by young environmental enthusiasts that declared regulators have to consider global warming emissions when approval oil, gas and coal projects. The challenge is coming from Republican officials who disagree with the ruling. Among those …
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