Love’s, the nationwide travel-stop company headquartered in Oklahoma City, announced plans to open 25 new stops and 15 Love’s Truck Care and Speedco locations in 2023. The company plans to add 75 new service bays and increase its mobile maintenance fleet by 75 vehicles, explaining it will not only provide emergency roadside assistance …
Category: Oil & Gas
Gulfport Energy sets annual meeting for May
Oklahoma City-based Gulfport Energy plans to hold its annual shareholders meeting May 24 at its headquarters. The in-person meeting will begin at 9 a.m. at the headquarters, 713 Market Drive. The agenda calls for the election of seven directors to serve for the next year as well as the ratification of the appointment …
Geothermal energy the focus of Energy Secretary’s visit to OU
When Energy Secretary Jennifer Granholm came to Oklahoma last week, it wasn’t just to deliver a $7 million research grant to Oklahoma State University but to also talk with tribal leaders and the University of Oklahoma about converting their hydraulic fracking wells to thermal wells. Geothermal energy has been the focus of scientific research …
Texas on path to tax EV owners for highway maintenance
Electric vehicle owners in Texas are up in arms after the the state Senate just passed a bill to tax them with a $200 registration as part of an effort to fund the Texas highway infrastructure. Gasoline taxes pay for maintenance of the highways and EV owners contend their proposed tax is “punitive” reported …
US and world energy headlines
** According to the Environmental Protection Agency’s (EPA) Toxic Release Inventory — a list of self-reported toxic chemical emissions — more than 428,000 pounds of vinyl chloride were released into the air by 38 industry facilities last year. ** A Gallup poll, released Monday, found the share of Americans who describe the energy situation as “very serious” has …
Oklahoma energy stocks gained Monday while crude oil fell
Oklahoma energy stocks scored strong gains in Tuesday’s trading while oil prices settled lower nearly $1 a barrel. Concern about more interest rate hikes were the problem as investors think they would slow demand. West Texas Intermediate crude fell 94 cents or 0.1% to $79.74 a barrel on the New York Mercantile Exchange. Global …
Four Western states seek hydrogen hub funding
Colorado, New Mexico, Utah and Wyoming and the Western Interstate Hydrogen Hub they formed, became the latest states to file an application for a $1.25 billion grant from the US Energy Department for hydrogen development. Oklahoma, Arkansas and Louisiana filed a similar request as part of the national Regional Clean Hydrogen Hubs plan to …
Newest wells in Oklahoma
Mewbourne Oil reported completion of another well drilled in western Oklahoma. The Oklahoma City company completed the Jeffery Dale 21/16 Nd 1hc in December of 2022 at a site located at 28 20N 23W which is several miles northeast of Arnett. Production was 614 barrels of oil a day and 1,302 Mcf of natural gas …
Vital releases update on coming 1Q financial report
Ahead of its planned first quarter financial report to be released in May, Tulsa-based Vital Energy issued an update this week on its anticipated first-quarter expected average production and incurred capital investments. The company stated its first quarter total production averaged 80.2 thousand barrels of oil equivalent a day which was above the guidance …
Other energy headlines
** The U.S. Environmental Protection Agency is set as early as next week to propose new rules to spur sweeping cuts in vehicle emissions pollution that will push automakers towards a big increase in electric vehicle sales, sources told Reuters. ** Two former U.S. ambassadors are sounding the alarm on the increasing number of green energy projects nationwide being developed with the involvement …