Baker Hughes Co. reported the nation’s decline in oil and gas rig activity continued again in the past week as the national count fell by 8 and Oklahoma’s numbers slipped by two. In other words, more rigs were idle in the past week. The count in Oklahoma fell to 42 compared to 59 oil …
The head of Williams Companies came out with a prediction that might have been a setback for supporters of renewable energy. Alan Armstrong, Williams’s chief executive says the soaring demand for for wind and solar-powered electricity will almost certainly create more need for natural gas infrastructure to prevent blackouts. His comments are in direct …
** A U.S. judge has ordered Canadian energy company Enbridge to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay the tribe nearly $5.2 million for trespassing plus a portion of its profits until the shutdown is completed. ** The U.S. electric power system is …
Friday’s increase in crude oil prices resulted in a weekly gain for TWI and Brent crude, thanks to higher Chinese demand and OPEC+ supply cuts. West Texas Intermediate crude rose $1.16 and finished at $71.78 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude went up 94 cents and closed at $76.61 …
McClain County has proven to be a good place for oil and exploration by CPRP Services of Oklahoma City. The company’s latest filings of completion reports show nearly 1,500 barrels of oil production from two wells drilled on a single pad in the same area where the firm reported success south of Dibble. The …
The start of summer is nearly here, and drivers are finding prices far lower than last year. AAA Oklahoma reported that lackluster demand and low oil costs are keeping gas prices relatively stable. The national average for a gallon of gas remained stable since last week at $3.58, which is $1.43 less than a …
Oklahoma U.S. Sen. Markwayne Mullin made it clear in a recent Senate Committee hearing he thinks the production of plastic in the U.S. is not the problem that Democrats and environmentalists contend it is. He thinks there is a plastic handling problem. “Some witnesses today might make statements that plastics are harmful to your …
A new Texas Tech University study shows the oil and gas pipeline industry had a more than $60 billion economic output in Texas in 2022. The study was conducted by the University’s Center for Energy Commerce and showed the industry’s economic output in 2022 was $60.5 billion and also provided more than $34 billion …
Thursday’s trading brought about a 3% gain for crude oil prices as they reached a one-week high and also resulted in 4% gains for Oklahoma energy stocks. The weaker U.S. dollar and a jump in refinery runs in top crude importer China were responsible for the increased oil prices. West Texas Intermediate crude, the U.S. …
One year ago Thursday, the Oklahoma gas price average reached $4.67 per gallon, setting an all-time record high. It’s almost like a bad dream. But gas prices in the state have dropped 31% since last year, with today’s gas price average sitting at $3.21 per gallon reported AAA. This year, recession fears due to …
