The growth of the U.S. fuel inventory combined with growing worries about the impact of U.S. tariffs resulted in lower crude oil prices on Wednesday. U.S. gasoline stocks rose by 3.4 million barrels last week, nearly three times more than the Energy Information Administration had expected. At the same time, crude inventories fell 3.9 …
A 9-minute Corporation Commission meeting? It happened Wednesday when Oklahoma regulators met to handle which turned out to be routine business of handling their daily signing agenda docket and the 24-hour signing agenda docket. Commissioner Brian Bingman was absent so the approval of the dockets was handled by Commissioners Kim David and Todd Hiett. …
The nation saw a decline in the amount of crude oil in storage in the past week. The U.S. Energy Information Administration reported Wednesday the U.S total fell 3.8 million barrels, from 426 million barrels total as of July 4 to 422.2 million barrels the week of July 11. The nation’s total also …
Just as we’ve been stressing the importance of the reliability of electric generation in Oklahoma because of the growth of data centers for the AI industry, the same challenge exists in Texas. And recently the Texas Public Utility Commission was handed a report showing the “disorganized integration” of large loads, including data centers …
Some positive news about Oklahoma’s oil and gas industry came this week from the Oklahoma City Branch of the Federal Reserve Bank of Kansas City as it released its latest issue of the Oklahoma Economist, titled “Increasingly Bullish: Natural Gas Rebounds on Rising Demand and Infrastructure.” Growth in drilling activity in Oklahoma outpaced the U.S. …
Arkansas-based J.B. Hunt Transport Services, Inc. felt the pain in its second quarter earnings as income dropped 5.3% for the firm whose big trucks roll daily across Oklahoma and numerous other states. The trucking company had net earnings of $128.6 million or $1.31 a share, down from the second quarter 2024 net earnings …
The city of Albuquerque, New Mexico is a step closer to becoming home to a $1 billion nuclear fusion research and development center that could create 200 permanent jobs. The New Mexico Economic Development Department and Pacific Fusion announced this week that the company has signed a memorandum of understanding with the state …
After increasing the state’s royalty rate to 25% on some activities in the Permian Basin, New Mexico announced the largest total in revenue for its permanent fund and educational endowment. The State Land Office said this week it had $56.4 million in revenue from its July oil and gas leases and it was a …
Tulsa’s newest graduate crossed the stage, tail wagging the whole way. Lambo, a search and recovery dog partnered with Tulsa Fire Department Lt. Jeff Leon, was honored during a “Passing of the Leash” ceremony at Williams’ headquarters after …
Meta, the company with data centers in surrounding states has plans to build many more of its gigawatt-sized data centers. CEO Mark Zuckerberg said this week the company intends to spend “hundreds of billions of dollars” to bild the centers in order to power AI. The first such data center on the construction …
