While Oklahoma gained on its rig count in the past week, the nation’s number of active oil and gas rigs declined, according to the latest Baker Hughes rig count released on Friday. Oklahoma saw a gain of one rig to reach 39, the same count as one year ago. The U.S. recorded a …
While Monday was the Labor Day holiday, crude oil prices ended higher and managed to recover some, but not all, of the losses from late last week. The fact Libyan oil exports remained halted was responsible for the slight gain. Plus, there was a reported easing of concerns about higher OPEC+ production in October. The …
Public Service Company of Oklahoma finds itself in a struggle with the state Attorney General who wants Corporation Commissioners to nearly cut in half PSO’s $218 million rate hike request. The request was an almost immediate reaction to last fall’s decision by regulators to give PSO only about half of an original request …
Executives of Helmerich & Payne, the Tulsa-based energy company, will be attending conferences this month in an effort to gain more investors. The firm’s President and Chief Executive Officer, John Lindsay will be joined by Senior Vice President and CFO Kevin Vann, Senior Vice President of Digital Operations, Sales and Marketing Trey Adams and …
Despite the Biden-Harris administration’s efforts to eliminate oil and gas production, oil production in the nation’s two top regions, the Permian and Bakken basins, are turning out oil and gas at rates not seen in 13 years. It even has one organization, Macquarie Group, predicting the country’s crude production will be far stronger …
In the southwest Kansas city of Liberal, SAFFiRE Renewables recently broke ground on a new pilot plant where corn stover will be converted into ethanol. SAFFiRE is a wholly-owned subsidiary of Southwest Airlines and is building the plant at Conestoga’s Arkalon Energy ethanol facility. Corn stover consists of the leaves, stalks and corn cobs …
** Two congressional Republicans asked the Pentagon on Wednesday to add the world’s biggest manufacturers of electric vehicle (EV) batteries to a list of entities subject to restrictions because of ties to the Chinese government. In the letter, Sen. Marco Rubio (R-Fla.) and House Select Committee on the Chinese Communist Party Chair John Moolenaar (R-Mich.) called on …
Crude oil prices finished the week with another day of losses as they dropped more than 3% in the states and 1% overseas, largely because OPEC+ indicated it will start an increase in oil supply in October. OPEC+ has a planned oil output increase scheduled for October. The impact on crude prices came as Libya’s …
Crude oil prices finally rebounded on Thursday, rising by more than a dollar a barrel and at the same time, most Oklahoma energy stocks had a strong day in trading. Supply disruptions in Libya and Iraq’s plan to lower output led to the increase in oil prices. Reuters reported more than half of Libya’s oil …
Electric vehicle manufacturer Canoo, while admitting it still has ongoing concerns about its future and whether it will survive and produce cars at its Oklahoma City manufacturing plant, made it official, recently announcing that it is moving its headquarters from Torrance, California to north Texas. The move comes as Canoo struggles financially and admitted …
