( Photographer: Eddie Seal/Bloomberg) Another slump in oilfield employment has been reported by Texas officials while Oklahoma’s numbers showed a loss of less than 100 workers in the upstream oil and gas industry. Oklahoma’s employment was reported to total 48,243 compared to 48,329 a month earlier. The state’s oil and gas employment since November 2024 …
Data source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, June 2025 A new government report predicts the production of electricity from solar projects throughout the U.S. will increase markedly this year. What might factor into the growth is the impact of the Trump administration’s decision to stop government subsidies for solar farm construction. …
By Mike W. Ray Southwest Ledger The typical return-on-equity for a public electric or natural-gas utility in Oklahoma today is approximately 9.5%; the national average is 10%. But with utility rate hikes occurring year after year, many consumers are questioning why ROEs for monopolies such as public utilities aren’t lower. “There was …
** U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told CNBC in an interview that Russian oil now accounted for 42% of India’s total oil purchases, up from under 1% before the …
OSHA and the Garfield County Sheriff’s office are investigating the death of a worker who fell 80 feet from a wind turbine near Enid. It was Tuesday night when the incident occurred in the area of 150th and Phillips road near Enid. The name of the worker has not been released. Garfield County …
While investors waited for word about a meeting of leaders to discuss a possible end to the fighting in Ukraine, crude oil prices shot up nearly 2% on Wednesday. Plus, there was a bigger-than-expected weekly drop in U.S. crude inventories. The U.S. Energy Information Administration said energy firms pulled 6.0 million barrels of crude …
The U.S. saw a drop of 6 million barrels of crude oil in storage as of the most recent reporting period field by the U.S. Energy Information Administration. The report issued on Wednesday indicated that as of the week of August 15, the total crude in storage was 420.7 million barrels, down from the …
Oklahoma Attorney General Gentner Drummond is among 23 state Attorneys General questioning the legality of a new net-zero carbon emissions standard for businesses under state and federal law. Led by Iowa Attorney General Brenna Bird, the attorneys general co-signed a letter to David Kennedy, CEO of the Science Based Targets initiative which recently …
A power struggle is developing in Oklahoma and other states where the data center boom is underway. It’s the main topic of today’s Scott Mitchell talks energy with Jerry Bohnen…..you’ll want to pay attention.
** The proposed Constitution pipeline that would carry natural gas from Pennsylvania to New York would not help lower energy prices in New England, despite claims made by U.S. EPA Administrator Lee Zeldin in a recent opinion piece. ** Houston-based oilfield services company Baker Hughes sees its income rise amid falling prices and slowed drilling …
