Both the Cushing Hub in northern Oklahoma and the nation’s crude oil supplies dropped over the past week, according to the most recent report from the U.S. Energy Information Administration. Cushing’s total fell 1 million barrels as of Nov. 22. It dropped from 25.1 million barrels recorded on Nov. 15 to 24.1 million in …
December 1, 2024 archive
Biden’s mandated EV charging network funding—what will happen in a Trump administration?
As Oklahoma’s State Transportation Commission prepares this week to spend more than $1 million on creating the government-mandated EV charging network on state highways and turnpikes, there is growing discussion how the $7.5 billion in grant funding from the Biden administration will fare in a second Donald Trump administration. Just as the Oklahoma Transportation …
Changes planned Monday morning for SH-9W and I-35 near Goldsby
If your morning drive usually takes you along I-35 near Goldsby, there will be an interruption in the normal flow of traffic Monday morning. The State Transportation Department announced that “big changes” are planned for drivers on SH-9W Monday morning as the first phase of SH-9W construction gets underway. SH-9W will be narrowed to one …
Expand Energy completes cash tender offer
When Expand Energy Corporation recently ended its offer to purchase for cash its outstanding senior notes due 2026, it managed to acquire a total of $453,162,000 of the 5.500% Senior Notes. The Oklahoma City company, formerly Chesapeake Energy before its merger with Southwest Energy, explained the expiration deadline was Nov. 27. The more than …
A trucker’s open letter to Elon Musk and Vivek Ramaswamy
As Elon Musk and Vivek Ramaswamy prepare to conduct a long, hard look at government inefficiency as part of their Department of Government Efficiency designed to slash government spending, they are getting some advice about the nation’s trucking industry. One trucker’s open letter about the nation’s trucking industry and its woes proves to be most …
Rig counts in Oklahoma and other oil and gas states held steady
Another report from Baker Hughes shows the nation’s oil and gas rig count continued steady for another week with a reported drop of only one rig compared to the previous week. The Baker Hughes Rig Report also showed Oklahoma’s count held steady as well, staying at 44 rigs, same as the previous week. It …
Feds order end of coal in Wyoming’s Powder River Basin
The Biden administration wants an end to coal leasing in Wyoming’s Powder River Basin and it wants it ended by 2041. Word came recently from the Bureau of Land Management as part of a lawsuit brought by the Western Organization of Resource Councils against the Bureau of Land Management. Click here …