Plans by a developer to build the tallest tower, not only in Oklahoma City but the U.S. are being opposed by the Oklahoma City Airport trust. The Oklahoman reports Airports Director Jeff Mulder sent a letter of formal opposition to the Federal Aviation Administration. He contends the proposed 1,907 foot-high building, to be …
November 20, 2024 archive
Crude oil prices finished down in Wednesday’s trading
Crude oil prices finished lower on Wednesday as U.S. crude stocks rose more than analysts anticipated over the past week. Gasoline stocks were also on the up side. Losses were slowed somewhat by the nagging worries about the growing war between Ukraine and major oil producer Russia. West Texas Intermediate crude’s December contract, the …
Summmit Carbon Solution not giving up in South Dakota
Summit Carbon Solutions, the Iowa company wanting to build a large network of carbon capture pipelines in the upper Midwest is trying again to win approval of part of its project in South Dakota. This time, the company’s request included what it called “major reroutes” as it applied to South Dakota regulators. Summit, the …
Cheaper gasoline greets Thanksgiving Day motorists
A year after Oklahomans paid an average of $2.85 a gallon for gasoline, prices this week are down to an average of $2.56 a gallon. It should make a cheaper drive for those on the road for the coming Thanksgiving Holiday. The American Automobile Association said Oklahoma’s average fell 4 cents over the past …
Things a Biden administration can do to help oil and gas industry
Whether the nation’s oil and gas industry responds to President-elect Donald Trump’s “drill baby drill” campaign is one thing. One thing it will celebrate will be his vows to remove permitting restrictions implemented and enforced by the Biden administration over the past three and a half years. What else can a Trump administration do …
Expand Energy announces $500 million cash tender offer
Oklahoma City’s Expand Energy Corporation announced a half-billion dollar cash tender for its outstanding senior notes. The firm said the offer extends to all of its outstanding 5.500% Senior Notes due 2026 and all of its outstanding 8.375% Senior Notes due in 2028. Tender Offer Expand Energy has commenced the Tender Offer for …
Crude oil supplies slipped at Cushing while increasing across US
Crude oil supplies across the U.S. and at Oklahoma’s Cushing Hub were mixed in the past week, reported the U.S. Energy Information Administration on Wednesday. Cushing slipped while nationwide, supplies increased in a move that surprised analysts. The nation’s crude stocks grew unexpectedly by 600,000 barrels as of Nov. 15 when there were 430.3 …
Energy Secretary nominee says energy crisis is really “energy poverty”
As his detractors call him a “climate-denying Big Oil executive,” Chris Wright, President-elect Donald Trump’s Energy Secretary nominee says the world’s energy crisis is really one of “energy poverty.” The Denver, Colorado leader of one of the country’s biggest fracking companies contends the world is one divided between the haves and have-nots when it …
Travel volume to be record-setting for Thanksgiving Holiday
AAA is projecting a record-setting travel volume for the upcoming Thanksgiving holiday, across America and here in the Sooner State. There will be more drivers on the roads but gasoline prices are lower than a year ago. Here’s a quick look at some of the numbers, trends and tips from AAA: 697,258 – Number of Oklahomans who …
Energy briefs
** A powerful winter storm brought damaging wind gusts and heavy rain to the Pacific Northwest, knocking out power to hundreds of thousands of homes and businesses in Washington. ** A proposed $5.5 billion sustainable aviation fuel plant in southern Nebraska could have tens of millions of dollars in economic impact from direct and indirect jobs, according …
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