Oklahoma energy stocks suffered major losses again, just one day after they rebounded with impressive gains following President Trump’s delay in tariffs on many of the countries across the world. At the same time, crude oil prices took a $2 drop or more than 3% and had a domino affect on trading of Oklahoma …
A bill calling for more funding by the oil and gas industry to help plug gas wells that are no longer in production won approval Thursday in the Senate Energy Committee. HB1370 by Rep. Brad Boles and Sen. Grant Green would increase funds from the state’s Gross Production Tax on gas well production to …
Highlights of the Oklahoma Transportation Commission’s April 7, meeting include the kick off of the Oklahoma Department of Transportation and Oklahoma Turnpike Authority’s work zone awareness initiative in April, a briefing on the state of Oklahoma’s bridges in response to the recent National Transportation Safety Board report and updates on the I-44/US-75 “Traffic Henge” in Tulsa and I-40/Douglas …
The U.S. Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026, which contributes to significantly lower oil prices than previously forecast. In its April Short-Term Energy Outlook (STEO), EIA points out significant uncertainties in energy supply, demand, and prices. The …
A bill calling for the licensing of storm chasers in Oklahoma has been put on hold with the House Author, Rep. Scott Fetgatter, R-Okmulgee announcing the measure will be studied in an interim legislative study. He explained he decided to take a deeper dive into the issue of storm chasing in Oklahoma before advancing …
It doesn’t apply to utility easements, but a bill reinforcing property owners’ control over their land, even in cases involving other easements, won approval this week in the Oklahoma Senate Judiciary Committee. Sen. Lisa Standridge, R-Norman led the effort before the committee to get approval of House Bill 1060, which allows property owners to relocate …
One Oklahoma manufacturing firm that specializes in stretch film used in packaging has decided to expand its operations. But its expansion isn’t falling in line necessarily with the Trump administration’s move to grow manufacturing in the U.S. and keep it in the states. Paragon Films, based in Broken Arrow, announced it is expanding manufacturing …
While Oklahoma legislators considered a carbon capture bill this session, in Texas, the EPA has approved a company’s carbon capture project. The Environmental Protection Agency gave approval to Occidental Petroleum Corporation’s application to capture carbon dioxide and inject it underground at a site near the city of Odessa. It is the first such …
The U.S. government the country’s 2024 crude oil exports were a record, breaking the previous record set in 2023. According to the U.S. Energy Information Administration, the 2024 total exceed an annual average of 4.1 million barrels per day. Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared …
Among the 41 bills signed into law this week by New Mexico Gov. Michelle Lujan Grisham was one to give the state more funding power for green energy projects in small communities and to help utilities. One measure, House Bill 128 establishes a $20 million dollar fund to provide grants for solar energy and battery …
