A dip in U.S. crude inventories sent crude oil prices up on Wednesday. Prices also rose following an interest rate cut by the U.S.Federal Reserve. West Texas Intermediate crude rose 50 cents or 0.71T to $70.58 a barrel on the New York Mercantile Exchange. Global standard Brent crude managed a 20 cent or 0.27% …
The nation’s crude oil supplies made a tumble in the most recent reporting period cited by the U.S. Energy Information Administration. But the Cushing Hub recorded an increase. Stocks totaled 814.1 million barrels of crude oil as of the week of Dec. 13, down from 814.5 million barrels reported the previous week of …
Even as a major wind farm project is under construction in northern Oklahoma by Southwestern Electric Power Co. of Shreveport, Louisiana, the utility is seeking regulatory approval for an expansion of other projects in Texas. With customers in Arkansas, Louisiana and Texas, SWEPCO says it will be another year before its renewable energy …
The Oklahoma Turnpike Authority has a new Deputy Director. Joni Seymour, formerly the Chief Innovation Officer for the Oklahoma Transportation Cabinet where she worked to promote innovation that streamlined organizational and technological processes, was promoted by the Turnpike Authority. Seymour will oversee IT, Customer Service and Human Resources for the Authority. In addition to …
Another sign of falling crude oil and gas production in Oklahoma was reflected in the latest Economic Report from Oklahoma State Treasurer Todd Russ. His report indicated gross production tax revenues dropped 9% from October to November. The 9% decrease totaled $6.6 million and the total GPT revenues was $66.7 million. Revenue from the gross …
The Southwest Power Pool board of directors announced that Lanny Nickell has been selected to serve as the organization’s new president and CEO effective April 1, 2025. Nickell is currently SPP’s executive vice president and chief operating officer. “With more than two decades of exceptional service and having helped lead the evolution of SPP’s strategy, Lanny …
By Mindy Ragan Wood Southwest Ledger A decades old idea to build water pipelines from southeastern Oklahoma to the southwestern part of the state is back up for discussion. City officials in Altus and Hugo are set to begin formal talks of a proposed water pipeline that could eventually extend between the two towns, …
Oklahoma City-based Ascent Resources LLC is offering to buy for cash up to $25 million of some of its shares. The offer, known as an “unmodified reverse Dutch auction” was extended for the firm’s Series A units and Series B units at a price per common unit of not greater than $23.75. The …
Oklahoma U.S. Sen. James Lankford is among those who say the cancellation of the Delta-Plains Electric Transmission Corridor across northern Oklahoma is a huge win for landowners. “My team and I have been in contact with the Department of Energy and received the welcome news that the threat of federal eminent domain to Oklahoma …
The latest broadband launch held in Bray on Tuesday featuring Gov. Kevin Stitt and others included nearly $66 million in projects to offer expanded broadband service to more than 2,000 customers. “Expanding high-speed, reliable internet access is a game changer for Oklahoma families, businesses, and communities,” said Governor Stitt. “This investment ensures even our most …
