November 12, 2024 archive

Crude oil prices registered only a small gain on Tuesday

    Crude oil prices remained at a two-week low after Tuesday’s trading with only gains of a few cents. They stayed there after falling nearly 5% in the past two sessions, largely because of OPEC’s latest downward plans for demand growth. A strong U.S. dollar and disappointment over China’s latest stimulus plan, added to …

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Supreme Court hears arguments to block Corporation Commissioner’s votes on rate cases

  The Oklahoma Supreme Court must now decide whether to grant a request by three Republican legislators to block Corporation Commissioner Todd Hiett from voting on rate cases for three major utilities because of the sexual and alcoholic allegations made against him last summer. Seven of the nine justices listened to arguments Tuesday in the …

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Oklahoma to consider another step toward space launches

  The Oklahoma Space Industry Development Authority will meet Wednesday to consider a study that could one day lead to space launches from its facilities in western Oklahoma. The study is included in the agenda of the Wednesday meeting of the authority. The following is the agenda. 1. CALL TO ORDER. Roll call and announcement …

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Oklahoma to create new emissions rules on oil and gas industry

    Oklahoma’s oil and gas industry and fossil fuel electricity generating power plants face new EPA requirements in two years. The State Department of Environmental Quality announced it will hold a public meeting in December to discuss the development of how Oklahoma will address emissions from the existing crude oil and natural gas facilities …

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Hearing underway into proposed ban of “forever” chemicals in New Mexico oil and gas drilling

  A four-day hearing is underway in New Mexico to consider banning “forever” chemicals from oil and gas operations. New Mexico’s Oil Conservation Commission is holding the hearing that started Tuesday. The target of the proposed ban are PFAS chemicals or Perfluoroalkyl and polyfluoroalkyl substances which are sometimes part of the chemicals used in the …

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Peter Zeihan on Arkansas, lithium and the Smackover formation

  The future of lithium mining in Arkansas’ smackover formation? We’ve been following it over the course of the past two years. Geopolitical commentator Peter Zeihan thinks it is promising.. Click here for his podcast

Energy sector employment remains steady

( Photographer: Eddie Seal/Bloomberg) A new report shows employment in the energy services sector across the U.S. remained steady, whether it’s in the oil patch, installing solar panels or constructing wind farms. The Energy Workforce & Technology Council released its monthly jobs report which included Oklahoma, ranked third highest in the nation when it comes …

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LSB Industries names former Williams CFO to its board

  A former executive at The Williams Companies and Magellan Midstream Partners, John Chandler, has been named to the Board of Directors of Oklahoma City-base LSB Industries, Inc. The firm announced his appointment as an independent member of the board effective Nov. 7. Chandler has more than 30 years of experience in the energy industry, …

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Reports indicate Sen. Markwayne Mullin might be in line to be Interior Secretary

    Sen. Markwayne Mullin the next Interior Secretary? It’s speculated, at least in Rolling Stone magazine, that the Oklahoma Republican might be in line for the job. That or else maybe the position of running the Veterans Affairs Department. A spokeswoman for the Senator told the Tulsa World there have been no talks with …

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Canoo to release 3Q earnings report Wednesday

  From a 27% drop to a 33% gain. It’s what has happened to stock in EV manufacturer Canoo. Investors in the company with a manufacturing plant in Oklahoma City and a battery operation in Pryor will learn Wednesday the latest financial status of the company. Canoo plans to report its third quarter financial results …

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