For the first time in months, the average price of gasoline fell below $3 a gallon this week in Oklahoma. Based on information from AAA, the new statewide average is $2.99 a gallon, down four cents from a week ago and 13 cents from a month ago. AAA reported the national average fell a …
Billionaire investor Carl Icahn, the man who controls nearly 66% of the shares in oil refiner CVR Energy with refineries in Oklahoma and Kansas, finally settled charges this week with U.S. regulators who accused him and his Icahn Enterprises LP of failing to reveal the majority of the firm’s securities for billions in personal …
A legal settlement over Entergy’s unpaid Arkansas taxes totaling into the millions of dollars is to be considered by the state this week. The Arkansas Democrat-Gazette and Arkansas Business report the settlement involves $19.7 million in unpaid tax bills from 2014 to 2018. The real total owed the state Department of Finance and Administration …
** APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters. ** The United Auto Workers union said on Monday some local units …
Crude oil prices plunged more than $2 a barrel on Monday but most Oklahoma energy stocks recorded gains for the day. What brought down crude prices? They fell as the chances increased for successful Middle Eastern peace talks, thereby perhaps stabilizing oil supplies. Also affecting the trading was economic weakness in China which could harm …
Oil giant Chevron reporting the news? Well, sort of. The oil industry is now running its own local news website for the Permian Basin. Called Permian Proud, it provides local news coverage in the region. Definitely not in the strictest sense of news—rather more in a public relations vein. Floodlight says it’s no longer a start-up …
Some of the new natural gas pipeline safety standards implemented by the Biden administration have been thrown out by a U.S. appeals court. And the ruling no doubt will have an impact in favor of Oklahoma pipeline operators. The U.S. Court of Appeals for the District of Columbia Circuit ruled in favor of a …
** According to the U.S. Energy Information Administration, developers and power plant owners added 20.2 gigawatts (GW) of utility-scale electric generating capacity in the United States during the first half of 2024. This new capacity is 3.6 GW (21%) more than the capacity added during the first six months of 2023. ** A pipeline worker who …
Sounds like a legal fight will be needed to settle a recent decision by the Iowa Utilities Commission to approve a large carbon dioxide pipeline project by Summit Carbon Solutions. The Commission had a deadline to answer appeals filed by conservation groups and landowners, in addition to counties and lawmakers and didn’t do it. …
The most recent oil and gas announcement from Califoria Gov. Gavin Newsom just raises a lot of eyebrows. A plan to avoid gas shortages. Coming from a political leader who dislikes oil and gas and carries the ball at every opportunity to end oil and gas operations in his state, Gov. Newsom now wants …
