Crude oil prices hit their lowest level since December 2021 after trading ended on Tuesday. Each fell nearly 4%. It came after OPEC+ reconsidered and lowered its demand forecast for 2024 and 2025, a move that offset supply worries from Tropical Storm Francine, according to Reuters. The final results? West Texas Intermediate crude dropped $2.96 …
OG&E crews are off on another rescue mission—this time to help support the Entergy utility company in Louisiana as it braces for the arrival of Tropical Storm Francine which could grow to a Category 1 hurricane by Wednesday afternoon or evening. The storm could carry up to 100 mph winds when it makes landfall. …
Will crude oil prices rebound back into the $80 range? The U.S. AEnergy Information Administration thinks so. The EIA came out this week with its review of oil prices and stated it expects that Brent crude oil prices will return to above $80 per barrel this month, after dipping to $73 per barrel on …
Oklahoma Transportation Commissioners were cautioned this week that traffic problems along the I-35 corridor to the Red River in Southern Oklahoma will need close observation as Oklahoma moves forward with Texas in widening the interstate. “We’ve got a lot of things happening down there that we’ve got to pay attention to.” Tim Gatz, Executive …
Oklahoma City’s Gulfport Energy Corporation announced the final results and expiration of the previously announced cash tender offer by Gulfport Energy Operating Corporation, a wholly owned subsidiary of Gulfport, to purchase any and all of the outstanding 8.0% Senior Notes due 2026 of Gulfport Operating. As of 5:00 p.m.on Monday, New York City …
The U.S. House passed a bill this week to protect America’s federal research agencies and universities from foreign threats, a measure Oklahoma Congressman Frank Lucas says is aimed at Red China and its research thefts. Lucas chairs the House Science and Technology Committee and spoke on the House floor in support of H.R. 7686, which is …
The Dallas-based company, Valor Energy Partners, LLC, has completed the acquisition of the Northwest Flats Unit, a water flood project development located in Texas County, OK and Morton County, KS in a privately negotiated transaction. It is a deal that gives Valor more holdings in the Oklahoma Panhandle and southwest Kansas. Morton County’s largest …
Two recent decisions by the courts in cases that went against energy permits could have a harmful effect on the energy industry—especially oil and gas. That’s the opinion of some who reviewed the decisions. In question were permits approved by federal regulatory agencies but later overturned by court challenges of environmental groups. Click here …
Oklahoma’s Department of Environmental Quality says its latest offering of grants under a Clean Diesel program to reduce diesel emissions in public school buses could be as much as $1.3 million. It depends on whether the state gets more federal funding for diesel, gasoline, propane, natural gas and all-electric powered school bus replacements. …
** From heat protections for workers to restrictions on toxic chemicals, the Biden administration is set to leave several of the significant environmental and health protections it has floated unfinished. The fate of many of these regulations likely depends on the outcome of November’s election, as a Harris administration would probably continue them, while a Trump …
