Transportation will be a focus of Oklahoma Congresswoman Stephanie Bice following her appointment this week to three subcomittees on the House Appropriations Committee. Rep. Bice and Oklahoma Congressman Tom Cole will again be serving together on the committee. She was selected as the Vice Chair of the Transportation, Housing and Urban Development, and Related …
January 2025 archive
Vital energy prepares for release of 4Q earnings report
Many energy companies are approaching the time of year when they prepare to release their latest quarterly earnings reports. Vital Energy, Inc. plans to report its fourth-quarter and full-year 2024 financial and operating results after market close on Wednesday, February 19, 2025. A conference call to discuss results is planned for 7:30 a.m. CT on Thursday, …
OKC airport travel grew 5% in 2024
Oklahoma City’s Will Rogers International Airport set another record in 2024 for passenger traffic, beating the previous mark by nearly 5%. More than 4.6 million travelers flew in and out of the airport, according to the city. For the 2024 calendar year, 4,602,573 passengers passed through the airport, surpassing 2023 numbers by 4.60% or …
New Mexico targets Air Force Base over release of “forever” chemical
The Air Force is now a target of environmental efforts of the state of New Mexico, which this week issued an action against Cannon Air Force Base for releasing “forever” chemicals in August of last year. The New Mexico Environment Department has issued an enforcement action against Cannon Air Force Base (AFB) after the illegal …
SPP weather advisory issued over expected frigid weather
The latest arctic blast with its single digit temperatures predicted for Oklahoma and much of the Midwest prompted the Southwest Power Pool to issue a weather advisory for all 14 states that make up the power grid, including Oklahoma. The SPP, headquartered in Little Rock, Arkansas issued the advisory effective Sunday, January 19, 2025, …
Crude oil prices have a big rebound of nearly 3% and OK energy stocks did the same
A day after a decline of more than 1%, crude oil prices rebounded by nearly 3% after a large draw in U.S. crude stockpiles and new U.S. sanctions on Russia. The US benchmark hit its highest point since last summer. It also translated into a strong day for Oklahoma energy stocks. Reuters reported U.S. …
Commission’s approval of PSO rate hike draws criticism from AARP
Oklahoma Corporation Commissioners followed through Wednesday with formal approval of a more than $12 a month rate hike temporarily implemented last October for customers of Public Service Company. But the AARP didn’t like it and chastized the commission for its vote. PSO’s original request of $218 million, filed in 2023, was eventually negotiated down …
Trump’s energy nominee pledges domestic energy production expansion
When Donald Trump’s pick to head the U.S. Energy Department, Chris Wright, went before the Senate Energy committee in his confirmation hearing, he made it clear his top priority and first priority will be to expand domestic energy production and it will include liquefied natural gas and nuclear power. The 60-year old Wright, head …
Crude oil stocks shrink nationally but grow in Cushing
A new federal government report showed the amount of crude oil in storage across the U.S. shrunk by nearly 2 million barrels as of the week of Jan. 10 of this year. The U.S. Energy Information Administration reported the U.S. total was 412.7 million barrels as of the most recent reporting week, a decline …
Feds award $27 million for safer rail crossings in Oklahoma
The Federal Railway Administration has awarded nearly $27 million in grants for safer railroad crossings and the elimination of congestion on railroads in Oklahoma. U.S. Sen. James Lankford played a role in securing funding for these grants by sending the US Federal Railroad Administrator Amit Bose letters of support outlining the need for each …
