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 …
November 2024 archive
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 …
Giant solar farm under construction in west Texas
Ground has been broken on a more than $1 billion solar farm under construction in West Texas and once it is completed, it will be one of the largest such farms in North America. The 815 MW Sequoia Solar project is under development by Enbridge, a Calgary, Alberta-based enery provider. The farm is expected …
Is “drill baby drill” what oil and gas industry wants?
President Trump’s encouragement of his “drill baby drill” promotion for U.S. oil and gas production might not be welcomed totally with open arms by the industry. It’s not that the industry doesn’t welcome the support, especially after more than 3 years of being attacked by the Biden administration, it’s just that the idea of …
ONEOK gives $100,000 in North Dakota wildfire relief
The ONEOK Foundation donated $100,000 to the North Dakota Stockmen’s Association (NDSA) and the North Dakota Stockmen’s Foundation Out of the Ashes Wildfire Disaster Relief Program. The relief fund, established to provide vital assistance and offset losses for impacted cattle producers following the historic North Dakota wildfires, has now reached $723,114.56 with the …
Ukraine’s long range missile attacks on Russia sent crude oil prices upward
Crude oil prices rose higher Tuesday after Ukraine used long-range missiles to attack Russia but observers say the gains were limited by Norway’s partial restart of one of its oilfields. Still, the attack deep into Russia left investors wary and they are carefully assessing the direction of the war. Helping shore up an increase …
OGE offers tips to avoid utility scams
In recognition of Utility Scam Awareness Day on November 20, OG&E is joining electric and gas companies from across the nation in educating customers about common utility scams and ways to avoid them. Check out these valuable tips and reminders on how to stay safe amidst rising scams: Tips to Avoid Scams Protect Your …
ONEOK sells interstate pipeline operations in $1.2 billion deal
ONEOK, Inc. announced that it has executed a definitive agreement with DT Midstream, Inc. under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion subject to customary adjustments. Based on Federal Energy Regulatory Commission (FERC) filings, the purchase price represents 10.8 times …