Crude oil and Oklahoma energy stocks recorded a strong trading day on Friday as crude prices rose 2% while stocks rose 5, 6 and 7% in some local cases. Crude went up after Congress passed the debt ceiling deal that averted a government default. West Texas Intermediate crude rose 2.3% or $1.64 to close at …
LSB Industries, Inc. in Oklahoma City announced that Ashley McKee will join the company as Executive Vice President and Chief Human Resources Officer, effective June 5, 2023. McKee will join the executive team reporting directly to Mark Behrman, LSB’s President and Chief Executive Officer. McKee joins LSB from Williams Companies, where she served in …
** Folded into the debt-ceiling bill that passed the Senate on Thursday are measures that could speed up the building of energy projects in the US. They are an update of the National Environmental Policy Act, or NEPA — long a punching bag for critics on both sides of the aisle who say the environmental permitting process for new projects takes too long …
Increased LNG exports are leading the way for a busy Port of Corpus Christi in Texas. The Federal Reserve Bank of Texas reported how the ship channel is being made deeper and wider to accommodate more oceangoing carriers of crude oil and LNG. Dallas Fed President Lorie Logan recently toured the Port and was …
The Biden administration did it…implementation of a 20-year withdrawal banning oil and gas development outside the boundaries of Chaco Culture National Historical Park in northwestern New Mexico. Interior Secretary Deb Haaland announced the action Friday saying it is intended to protect cultural and historic resources that tribal communities consider sacred. The order will apply to public lands and …
New Mexico took a recent step to protect schools from oil and gas exploration. Land Commissioner Stephanie Garcia Richard issued an executive order to ban all new oil and gas leases on state trust land with one mile of schools and other educational institutions. The order applies to day care centers, preschools and sports …
Both the U.S. and Cushing hub reported gains in the total of crude oil in storage in the past week. The U.S. total grew by more than 4 million barrels of oil, reaching a total of 459.7 million barrels, reported the U.S. Energy Information Administration. It had been 455.2 million as of May 19. …
Thursday’s gains in crude oil prices amounted to about 3% and took Oklahoma energy stocks on the climb as well with some stocks seeing 6% gains for the day. The crude oil gain came ahead of this weekend’s OPEC+ meeting on Sunday. U.S. West Texas Intermediate crude (WTI) rose $2.01, or 3%, to settle …
Shareholders in Tulsa’s Unit Corporation got the news this week they were being awarded a quarterly dividend, just as the company announced in January. The company’s Board of Directors announced Thursday the dividend would total $2.50 per share of common stock for the second quarter of 2023. The dividend will be paid on June …
** A draft study led by Columbia University climate scientist James Hansen suggests that the recent rise in temperatures doesn’t come from greenhouse gases at all, but from the reduction in sulfate aerosols since the early-2000s. ** In the final hours of their spring session last week, lawmakers approved a controversial measure that would give existing power …
