Lankford and Mullin Join Bipartisan Push It’s called the Russia Sanctions bill and it has the support of Oklahoma U.S. Sens. James Lankford and Markwayne Mullin along with dozens of others on Capitol Hill. It is a weapon proposed by Trump supporters to end the war in Ukraine. S. 1241, authored by Sens. Lindsey Graham …
Category: Oil & Gas
Mexican cartel among oilfield thieves in Permian Basin
Rising Crime in the Oil Patch Oilfield thefts are spreading across the Permian Basin, draining profits and endangering small producers from West Texas to southeast New Mexico. Investigators now estimate millions of dollars in losses tied to organized theft rings. The problem gained national attention after authorities arrested five men linked to a Mexican cartel, …
Energy Brief: DOE Loan Boosts Oklahoma Power Lines
DOE Loan Targets Oklahoma Power Line Modernization The U.S. Department of Energy approved a $1.6 billion loan guarantee for American Electric Power (AEP) to modernize 5,000 miles of high-voltage power lines. The upgrades will cross Oklahoma, Indiana, Michigan, Ohio, and West Virginia. This project will strengthen regional reliability and reduce outages linked to severe weather. …
Summit Carbon Delays Shift Jet Fuel Project North
Oklahoma Ties to Carbon Pipeline Complications Delays in the Summit Carbon Solutions pipeline keep reshaping plans across the Midwest. The project includes investment from Oklahoma City energy leader Harold Hamm. His involvement keeps Oklahoma tied to every major turn in this carbon capture story. This week, Gevo Inc. moved a headline project out of South …
Oklahoma oil plays add more rigs
Surprising growth in some of Oklahoma’s oil and gas plays was recorded in the most recent rig count released by the Baker Hughes Co. Void of any drilling activity for months, the Mississippian play, which extends from northern Oklahoma into southern Kansas, recorded its first rig. Details of where the rig is located …
Oklahoma energy stocks hit with losses on Friday
Friday turned out to be something of a sour day for the majority of Oklahoma energy stocks and those of firms with heavy exploration and operations in the state. The biggest percentage loss belonged to Vital Energy with a more than 2% fall for the day. Expand Energy recorded the largest percentage gain …
Expand Energy’s 3Q release coming
Following a move to cut $100 million in capital expenditures during the second quarter, Oklahoma City’s Expand Energy prepares to release its third quarter earnings report which will give more of an indication industry conditions. Expand energy turned one year old this month following the merger in October 2024 of Chesapeake Energy in Oklahoma City …
Energy briefs
** A fire ignited at BP’s 440,000 barrel-per-day oil refinery in Whiting, Indiana, before it was extinguished on Friday morning, the company said. The blaze at the largest refinery in the U.S. Midwest caused gasoline prices to spike in parts of the region. The fire resulted from an operational incident, and there were no injuries, the company said in …
Feds warn of international trade disruptions for Oklahoma
Oklahoma’s Trade Landscape Examined Oklahoma’s trade activity remains limited compared to other states, but select industries keep the state tied to the global market. That’s the focus of the latest Oklahoma Economist report from the Federal Reserve Bank of Kansas City’s Oklahoma City Branch. The issue, titled “Oklahoma’s Trade Landscape: Broadly Insulated, Yet Exposed in …
Natural gas prices slipped more in the past week
Natural Gas Prices Decline Across Key U.S. Hubs Natural gas prices dropped sharply at major U.S. hubs this week, including the Henry Hub benchmark in Louisiana and regional hubs tied to Oklahoma’s energy market.The Henry Hub spot price fell 53 cents, dropping from $3.33 to $2.80 per MMBtu between October 8 and October 15. Futures …