Oklahoma’s latest broadband expansion projects were launched last week in the southeast part of the state involving nearly $30 million for high-speed internet expansion and ten different projects. Chisholm Broadband joined the Oklahoma Broadband office in Coalgate for a formal launching of the continuing effort to bring broadband service to rural areas of the state. …
November 17, 2024 archive
Alliance subsidiary laying off nearly 300 miners in Kentucky
Nearly 300 workers at a mine operated by Tulsa-based Alliance Resource Partners L.P. are being layed off in Kentucky. In a Worker Adjustment and Retraining Notification or WARN Act filing made Friday, Alliance said it had sent notices to all of its approximately 280 employees of the MC Mining Complex in Kentucky’s Pike …
Natural gas production increasing nationwide
Not only was the Permian Basin the largest producer of crude oil in 2023, but a new report from the U.S. Energy Information Administration shows it was also the largest producer of natural gas in the country in the same year. The report showed U.S. production of associated-dissolved natural gas, or associated natural gas, increased …
Nation’s rig numbers remain constant
The Baker Hughes rig report released Friday showed the nation’s oil and gas rig numbers were fairly steady with a decline of one rig, leaving 584 oil and gas rigs active across Oklahoma and the other energy producing states. The decline included one oil rig, resulting in 478 still drilling for oil while the …
Crude oil dropped more than 2% on Friday’s trading
The bigger-than-expected increase in U.S. crude oil inventories last week sent prices falling by more than 2% on Friday, creating a weekly plunge of more than 4%. Plus, there was the issue of declining Chinese demand for crude oil. West Texas Intermediate fell $1.68 or 2.45% per barrel to close at $67.02 on the …
Weekend earthquake near Enid in northern Oklahoma
Oklahoma’s latest earthquake shook the northern part of the state Saturday morning and measured 3.3 magnitude. The epicenter was 26 miles northwest of Enid and according to the U.S. Geological Society, occurred around 3:30 in the morning. A day earlier on Friday, 2.1 magnitude earthquake was recorded about 30 miles west of Oklahoma City. …
Trump picks oilman to run US energy department
Oil industry executive Chris Wright was chosen by President-elect Trump to head the U.S. Energy Department, succeeding Jennifer Granholm who carried out the Biden administration’s war on the oil and gas industry. Critics were quick to point out that Wright runs a firm known for fracking but his nomination is likely to bring …
Canoo struggles to stay afloat and state of Oklahoma responds
A report indicates Oklahoma isn’t quite ready to hand over more money to EV manufacturer Canoo as part of its effort to help the company get on solid financial footing. After warning investors last week that it faces extreme challenges in staying alive, Canoo then came out with a dismal third quarter financial report. …
North Dakota Gov. named the man in charge of energy
Energy czar might be a fitting title for North Dakota Gov. Doug Burgum after being named Friday by President-elect Donald Trump as his choice to run the Interior Department. His selection could very well be celebrated in the nation’s oil and gas industry. Trump also announced he will create a National Energy Council to …
Energy briefs
** North Dakota utility regulators granted approval on Friday for a span of a proposed carbon dioxide pipeline that would cross five Midwestern states — a key victory for the company that has faced vociferous landowner objections and various hurdles and setbacks in its plans.** Jeff Bezos, the owner of Amazon, has invested more than £7 million to try …
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