Scott Mitchell talks energy with Jerry Bohnen about falling crude oil prices, rising gasoline prices and much more. Plus, Oklahoma’s reason to side with a wind farm.
Category: Oil & Gas
EPA Regional Administration says agency has helped Oklahomans in Trump Administration
Oklahoman Scott Mason, named the Region 6 Administrator of the Environmental Protection Agency marked the first 100 days of the Trump Administration with a letter highlighting some of the agency’s efforts in Oklahoma. Mason was appointed by President Trump to be the regional administrator of the U.S. Environmental Protection Agency’s South Central Region. This …
Despite improved net sales for LSB’s first quarter, it recorded losses too
The tariff war hasn’t hurt LSB Industries, Inc. so far, according to Mark Behrman, LSB Industries’ Chairman & Chief Executive Officer as he reported improved first quarter net sales. The Oklahoma City fertilizer manufacturing firm’s net sales were $143.4 million, improved from the $138.2 million in the first quarter of 2024. But LSB still …
Biggest losses for crude oil prices since late March
Crude oil prices finished down 1% on Friday, a day ahead of an OPEC+ meeting where ministers had planned a decision about increasing oil output for June. As a result, crude oil had its biggest weekly losses since the end of March. West Texas Intermediate crude finished down 95 cents or 1.6% to …
Lankford–pushing back on Biden administration’s war on US energy producers
Oklahoma U.S. Sen. James Lankford wants to do even more to boost President Trump’s efforts to grow America’s energy industry into a worldwide leader. And at the same time reverse the Biden administration’s war on the U.S. energy industry. He and three other Republicans on Capitol Hill are reported to be behind legislation to …
Oil and gas rig activity holds steady in Oklahoma but falls across the US
The latest Baker Hughes Co. rig count shows activity in Oklahoma remained steady with a total of 55 operating oil and gas rigs, the same total as the previous week. The U.S. total dropped by 3 to 584 active total rigs. Oklahoma’s count of 55 rigs compares to 45 reported by Baker Hughes a …
Energy briefs
** A Utah couple living in a 27,000 square foot mansion have been arrested on federal charges of running a $300 million money-laundering scheme and allegedly smuggling crude oil from Mexico. ** U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from …
US Senate votes to reverse Biden-era EPA rule
When Utah U.S. Sen. John Curtis celebrated his first piece of legislation passing in the Senate, he had the support of Oklahoma Sens. James Lankford and Markwayne Mullin. They voted in support of the Curtis resolution to overturn a Biden-era Environmental Protection Agency Rule. The final vote was 52-46 to undo the 2024 rule …
Fuel shortage reported in Kansas—Governor declares emergency
Kansas Gov. Laura Kelly, claiming there is a fuel shortage in her state and neighboring ones as well, has declared an emergency, a move that waived trucking hours all in the name of fuel. Her office on Friday said the shortage is causing long lines at fuel terminals and also disrupting supply delivery. The …
More sanctions threatened against Iran and crude oil prices closed higher
What a roller coaster ride for crude oil prices. New threats of more sanctions on Iran were made by President Trump and as a result, oil prices rose nearly 2%. The President threatened the secondary sanctions after a fourth round of U.S.-Iran talks was postponed. Reuters reported Trump said all purchases of Iranian oil …