Friday brought what the energy industry in Oklahoma might describe as a refreshing turn of events as nearly all Oklahoma energy stocks recorded gains for the day compared to the large losses linked to the U.S. trade war with dozens of countries. The improved trading came as crude oil prices also managed $1 increases. The …
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 …
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 …
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 …
Missouri Gov. Mike Kehoe made it official.. Under a bill he signed this week, a new law will allow utilities to charge ratepayers for power plants before they’re completed. One consumer group called it “nothing more than a profit-driven package that benefits utilities at the expense of hard-working Missouri families.” Gov. Keyhoe offered a …
Oklahoma U.S. Sen. Markwayne Mullin has long been a critic of the green energy efforts of California. His latest effort is the introduction of joint resolutions of disapproval under the Congressional Review Act to repeal the state’s EV waivers that prohibit the sale of new gas-powered light-duty vehicles by 2035. He and Sens. Shelley Moore …
** The U.S. Department of Energy (DOE) made conditional commitments to provide high-assay low-enriched uranium (HALEU) to five U.S. nuclear developers to meet their near-term fuel needs. This first round of HALEU allocations brings innovative American nuclear technologies one step closer to commercialization. ** The U.S. Department of Energy (DOE) has awarded BWX Technologies Inc. (BWXT) …
Cleanup started almost immediately following this week’s Keystone pipeline oil leak in a rural part of North Dakota. The Keystone oil pipeline spill occurred Tuesday morning when the pipeline ruptured at a site in the southeastern part of the state. Reports indicated that a worker shut down the line within two minutes. Click here …
