March 26, 2025 archive

Crude oil made 1% gain on Wednesday

  The drop in U.S. crude oil and fuel inventories last week prompted a more than 1% gain in oil prices on Wednesday. The price increase was also aided by growing concerns of a tighter global supply as the result of the U.S. threat of tariffs on countries that buy Venezuelan crude oil. At one …

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Crude oil supplies fell across the U.S. and at the Cushing Hub in Oklahoma

  Crude oil stocks took another tumble in the most recent reporting period across the U.S. and the decline included the Cushing Hub in northern Oklahoma. The U.S. Energy Information administration reported the amount of crude oil held at the Cushing Hub declined by 1.8 million barrels from March 14 to the week of March …

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Oklahoma House approves wind tower setback bill

  Some might suggest the bill approved by the House of Representatives on Wednesday is “tilting at windmills” but the measure will put setback restrictions on wind farm development in the state and affect landowners, those who want the wind towers and those who don’t. House Bill 2751 by Rep. Trey Caldwell, R-Faxon, won approval …

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Oklahoma Senate passes “shut-in” gas well bill

  The Oklahoma Senate has advanced Senate Bill 132, authored by Sen. George Burns, to address the growing number of shut-in gas wells across the state. The measure now heads to the House for consideration. A “shut-in gas well” refers to a well that is temporarily closed off, ceasing production, but can be brought back …

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Energy Transfer challenges $2 million fine over deadly pipeline incident

  Energy Transfer is fighting the federal government over its enforcement of the U.S. pipeline safety law and a multi-million dollar fine from a fatal accident on its Panhandle Eastern gas pipeline. The 2020 accident happened in Kansas not far from where the pipeline starts in Amarillo, Texas. The Dallas-based company, with offices also in …

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Devon to release 1Q earnings in May with hopes of improving on 2024 success

  Devon Energy plans an early May release of its first-quarter 2025 financial reports and investors hope to make additional gains on its huge success in 2024. The Oklahoma City energy firm said the reports will be released on Tuesday, May 6 after the close of U.S. financial markets. The earnings release and presentation for …

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Lincoln County wind farm opponents say no one who lives in the county supports the project

  Lincoln County landowners who formed the anti-wind farm group “Wind Warriors in Lincoln County” say very few landowners support the controversial Apex Energy wind farm proposed in their county. They also say of the handful of landowners who signed leases, none actually live in Lincoln County. The group released a press release on Wednesday …

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Investigators release report on probe of fatal Hydrogen Sulfide Release at PEMEX

The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two contract workers died during the incident, and over 27,000 pounds of toxic hydrogen sulfide gas …

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Oklahoma House supports Storm Chasing bill

  A storm chasing bill proposed by Okmulgee Rep. Scott Fetgatter won approval this week in the Oklahoma House, but not before questions were raised whether the measure really required a storm chasers license in the state. Passed on a 53-45 vote, Fetgatter’s HB2426, formally called the Emergency Response and Tracking Regulatory, won approval Tuesday …

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Arkansas legislators take aim at undocumented big truck drivers

  Cracking down on undocumented truck drivers. It’s what both the Arkansas House of Representatives and the Arkansas Senate are debating as they consider two bills to get tougher on truckers who are in the U.S. illegally. FreightWaves reported one bill is known as the “Secure Roads and Safe Trucking Act of 2025,” and would …

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