September 12, 2024 archive

Hurricane hurt Gulf of Mexico oil production, causing 2% gain in crude oil prices

Thursday and the impact of Hurricane Francine in Louisiana resulted in a 2% gain in crude oil prices. Offshore oil-producing areas of the Gulf of Mexico were hit by the hurricane and as a result, more than 730,000 barrels a day or nearly 42% of the oil output was shut-in, according to the U.S Bureau …

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15% workforce reduction announced by OKC’s Kimray

     Kimray, Inc., an Oklahoma City-based oil and gas control equipment manufacturer, announced Thursday it is reducing its workforce by 15 percent to narrow its focus on core business functions and strategic priorities. The change impacts approximately 120 individuals. “While there has been a softening in the oil and gas market, there is still …

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GRDA to begin work on repairs to Grand Lake Kerr Dam gates

    Federal regulators have given the go-ahead for repairs to the Grand Lake’s Kerr Dam by the Grand River Dam Authority. The Federal Energy Regulatory Commission responded to the request of the GRDA for spillway gate repairs to the Kerr Dam of the Markham Ferry Project. The GRDA made the initial request in April …

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Energy briefs

** They’re ugly as sin, but new U.S. postal delivery trucks are rolling into service. Once fully deployed, they’ll represent one of the most visible signs of the agency’s 10-year, $40 billion transformation led by Postmaster General Louis DeJoy, who’s also renovating aging facilities, overhauling the processing and transportation network, and instituting other changes. ** Boeing waited …

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Anti-ESG efforts might be under SEC probe

  While mostly Republican Attorneys General, including Oklahoma Attorney Gentner Drummond, are investigating the ESG policies of 25 national financial firms, a group that worked with GOP officials to target ESG policies might be under investigation by the Securities and Exchange Commission. The probe was sought at the urging of the left-leaning watchdog group Campaign …

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Attorneys General start probe of ESG policies of national financial firms

    Oklahoma Attorney General Gentner Drummond is among more than two dozen attorneys general demanding answers from financial firms over their ESG policies. Drummond and attorneys general from Kansas, Missouri, Iowa, Nebraska and other states claimed the firms approved environmental policies over the concerns of their shareholders. The lengthy demand letter was sent to …

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Rain is sorely needed in Oklahoma

The lack of rainfall in Oklahoma is adding to the growth of the drought in the state. The Oklahoma Mesonet reported this week southwest Oklahoma had its 10th-driest June 1 through Sept. 10 period going back at least 100 years. The Mesonet said most places in the state are “hurting by now, save for parts …

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Lawton legislator honored by Alliance for Secure Energy

  The Alliance for Secure Energy named Rep. Trey Caldwell of Oklahoma’s 63rd district its inaugural Power Player of the Year, an award recognizing a legislator who has significantly contributed to advancing secure, reliable, and affordable energy policies in Oklahoma. Leaders from the Alliance for Secure Energy, along with constituents and other distinguished guests, celebrated Caldwell’s …

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Cushing sees drop in crude stocks in most recent EIA report

    As the U.S. crude stocks increased in the past week, the Cushing Hub in northern Oklahoma experienced a decline in its crude oil in storage. The U.S. Energy Information Administration, in a Wednesday release, show the U.S. crude stocks increased by 800,000 barrels, from 418.3 million barrels as of August 30 to 419.1 …

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Energy bills consume more money from nation’s low income residents

    New research from the American Council for an Energy-Efficient Economy (ACEEE) shows that a quarter of low-income households in the United States spend more than 15% of their income on energy bills. Consistent with ACEEE’s previous research, the new policy brief found that on average low-income residents, Black households, and Hispanic households experience higher energy …

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