It isn’t just a brief list of highway projects in Oklahoma that might affect Labor Day motorists this weekend—-it’s a lengthy notification from the Oklahoma Transportation Department and the state Turnpike Authority. And it’s not just projects in Tulsa and Oklahoma City, but all over the state—-so beware. The following construction projects will impact travel …
August 2024 archive
ONEOK’s operations just ballooned with $6 billion acquisitions
In nearly $6 billion of two deals, ONEOK, Inc. has acquired more ownership of Enlink Midstream, LLC as well as Medallion Midstream, LLC. It’s an acquisition that just made ONEOK owner of one of the largest midstream operations in the Permian Basin. ONEOK acquired Global Infrastructure Partners’ 43% of EnLink’s outstanding common units and …
Energy briefs
** Jobs in the renewable energy sector grew at twice the rate of overall U.S. jobs last year, the Energy Department said Wednesday in its annual U.S. Energy and Employment Report (USEER). ** An internal watchdog criticized the Environmental Protection Agency’s (EPA) top air official for participating in the development of a rule that regulates an industry …
Crude oil prices slid 1% in Wednesday’s trading
Wednesday was a second straight day of losses for crude oil prices as they settled 1% lower, mostly because of a smaller-than-anticipated drawdown in U.S.. crude stockpiles, including those at Oklahoma’s Cushing Hub. There were also worries about Chinese demand. The latest tumble in prices came after a 2% decline on Tuesday. West Texas Intermediate …
Another drop in crude oil stocks reported at Cushing and the US
The amount of crude oil in storage in the U.S. took another dip in the past week, reported the U.S. Energy Information Administration. The drop included a slide of crude oil stocks also at the Cushing Hub in northern Oklahoma. The EIA reported a fall of 1.2 million barrels of crude oil at storage …
Labor Day weekend begins celebration to end of long, hot summer
The unofficial end of summer, i.e. Labor Day holiday weekend, is about here and it means Oklahomans will join millions of others across the country in traveling on the highways or in the air to celebrate. One good thing—gasoline prices are cheaper and down this week to $2.92 a gallon. AAA reports that …
Energy Department funds more research into hydrogen
The latest handout of government funds for alternative sources of energy involves nearly $9 million from the Department of Energy to 11 universities conducting research and developing projects to improve the performance of hydrogen-fueled turbines. None of the universities are in Oklahoma. The Department’s Office of Fossil Energy and Carbon Management stated it is …
AG goes after contractor over alleged fraud
The Office of the Attorney General has charged an Oklahoma City man with defrauding clients out of more than $39,000 for construction work that was never done. Prosecutors allege Paris Bilbro 29, contracted with customers in Lawton, McLoud and Tuttle for roof repairs over a two-month period last year. His company, AMG Construction Group, failed …
Northeast Oklahoma Electric Cooperative says without a rate hike its system is no longer safe and reliable
A rural electric cooperative in northern Oklahoma is asking state regulators to approve a nearly 5% rate hike or $4.5 million a year in revenue. It also contends it hasn’t had a rate hike in 10 years and can no longer provide a safe and reliable electric system. The request by the Northeast Oklahoma Electric …
Oklahoma and 22 other states sue to stop Biden administration over methane rule
Oklahoma and 22 other states are asking the U.S. Supreme Court to block the Biden administration’s effort to cut methane from oil and gas production. Attorney General Gentner Drummond was among 23 state attorneys general along with Arizona’s GOP-led legislature who are opposed to the implementation of the Environmental Protection Agency rule that requires oil …