Oklahoma’s oil production increased from August to September but remained lower than the amount of crude oil produced a year ago. The U.S. Energy Information Administration reported the state’s average production rose 3.5% from one month to the next, going from 383,000 barrels a day during August to 397,000 barrels a day in September. …
Category: Oil & Gas
Energy briefs
** Biden administration officials say they’ll race to allocate the remaining $46 billion from four climate and infrastructure bills before the year ends, but $303 billion will remain that cannot be spent until after Trump takes office. ** A clip from Billy Bob Thornton’s new show “Landman” went viral on X for slamming the use of renewable energy …
Crude oil finished down on Friday
Not only did crude oil prices fall on Friday, but they also finished the week down more than 3%. Prices remained low over worries of supply risks due to the Israel-Hezbollah fighting. Plus, there is the issue of OPEC+ increasing its supply in 2025. West Texas Intermediate crude fell 72 cents or 1.05% …
Ceasefire agreed to by Israel sends crude oil prices slipping
Israel’s agreement to a ceasefire deal with Lebanon sent crude oil prices slipping on Tuesday. Prices dropped as a sign that oil’s risk premium was reduced. It came after Israel’s security cabinet agreed to the ceasefire and the accord is expected to take effect Wednesday. West Texas Intermediate finished down 17 cents or …
US crude oil production established a record in August 2024
An average of 13.4 million barrels per day (b/d) of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration’s Petroleum Supply Monthly. More crude oil was produced in the United States during August 2024 than during December 2023, when the previous …
Proposed expanded Southwest Power Pool plan gains 4 Arizona utilities
The Southwest Power Pool’s plan to expand its energy market in a program called Markets+ is gaining four utilities in Arizona. It was announced this week that Arizona Public Service, Salt River Project,Tucson Electric Power and UniSource Energy Services will join the program when it launches in 2027. The Power Pool, made up of …
New Mexico studies possibility of re-use of oil and gas wastewater
New Mexico leaders think they have a serious plan to allow the reuse of treated oil and gas wastewater. They’ve just published a study as part of a proposal by Gov. Michelle Lujan Grisham to adopt a 50-year water plan funded with a $500 million cash infusion. Click here for Santa Fe New …
Commissioner reveals more allegations against Todd Hiett
Oklahoma Corporation Commissioner Bob Anthony,, the elected official who has called for Commissioner Todd Hiett to resign in the wake of serious sexual abuse and drunkenness allegations against him, recently raised more such reports against Hiett. One such report made to Anthony also involves another man, similar to the June incident in Minnesota …
Buc-ee’s goes to court
Buc-ee’s, the convenience store outlet with stores throughout the country but not in Oklahoma, has gone to court again over a firm with a similar name. The Texas-based company has sued Duckees, a convenience and liquor store in Kansas City. It’s not the first such kind of lawsuit brought by Buck-ee’s. In 2018, it …
Legislator says attorneys and ALJ in ONG fuel case are in violation of ethics rules
State Rep. Tom Gann, the Republican legislator who led the Supreme Court challenge to Corporation Commissioner Todd Hiett’s participation in rate cases following sexual and drunkenness allegations against him, responded to a judge’s ruling on an ONG case saying the fuel adjustment case by ONG is unlawful. This time, he again stated all …