Crude oil production in the U.S. hit the second-highest level on record in July, according to a report from the federal government. It came despite the efforts of the Biden administration to end dependence on fossil fuels and to convert the nation to electric vehicles. The U.S. Energy Information Administration said it was largely …
** Economists at the Energy Information Administration predict on average, US residential electricity prices in the US will decline by 1%. ** Nuclear power plants using low-cost electricity to make hydrogen from water, an emerging fuel, could play a role in the energy transition, the head of a U.S. office that distributes billions of dollars in loans …
Even Bloomberg News is paying attention to the declining amount of oil held at Oklahoma’s Cushing Hub, a matter reported eariler in the week by OK Energy Today. Cushing, the delivery point for benchmark U.S. crude futures, dropped under 22 million barrels in the past week and has been on a downward slide for …
Crude prices fell in Thursday’s trading, slipping 2% in the U.S. and 1% overseas. Prices had soared to 10-month highs and traders took profits. West Texas Intermediate crude dropped $1.97 or 2.1% to settle at $91.71 a barrel on the New York Mercantile Exchange. It was Wednesday when prices gained 2%. During Thursday’s trading, …
The criticism heaped on the Biden administration by Oklahoma members of Congress might only be simmering when it comes to the national Strategic Petroleum Reserve. Or about to bubble over. Sen. Markwayne Mullin led some of the criticism earlier in the year when the President sold oil stocks in an effort to lower gasoline …
Earthquakes believed to be caused by oil well drilling and fracking operations caused earthquakes in the past several days in southern Oklahoma. The strongest quake measured 3.7 magnitude near Duncan according to the U.S. Geological Survey. Its epicenter was located between Duncan and Velma-Alma in Stephens County. It was felt by residents around …
The technological efforts of three major oil and gas producers in New Mexico’s side of the Permian Basin are expected to go a long way in reducing the amount of flaring of natural gas. The New Mexico Oil Conservation Division is closely monitoring the testing of the new process to keep natural gas in …
In case you missed it amidst all of the bickering and interruptions by the candidates during the Wednesday night televised debate by 7 Republican presidential hopefuls, two of them, Florida Gov. Ron DeSantis and former South Carolina Gov. Nikki Haley argued over fracking. “What you don’t need is a president who is against energy …
As lithium development moves ahead in southern Arkansas, site of the Smackover Formation, it is also progressing in New Mexico. That’s where Canadian Company, Lancaster Resources Inc. has submitted applications to the State of New Mexico Energy, Mines, and Natural Resources Department (EMNRD) and Bureau of Land Management (BLM) to drill up to three …
North Dakota, where Oklahoma-based oil and gas companies have major operations, had a new all-time high production of natural gas in July. Lynn Helms, the director of the North Dakota Department of Mineral Resources recently announced the state had production of 3,289,759 million cubic feet a day or 101,982,539 Mcf of natural gas. The …
