A 1% gain in crude oil prices was made Monday while President Trump and Ukrainian President Volodymyr Zelenskiy along with European leaders met at the White House to discuss an end to the war with Russia. Prices rose as President Trump expressed optimism that Russia’s Vladimir Putin wants the war to end. Global …
Category: Oil & Gas
Oklahoma gas prices are some of the lowest in the nation
Based on AAA reports, Oklahoma has some of the lowest gasoline prices in the country with a state average of $2.67 per gallon. A week ago, the average was 4 cents higher while a month earlier, the Oklahoma average was $2.76 per gallon. It compares to a nationwide average of $3.13 per gallon. …
Is “Drill baby drill” really working?
It’s what some in the energy industry really want to know….whether President Donald Trump’s theme of “drill baby drill” is working. If you check with economist Steve Moore and his “Committee to Unleash Prosperity,” it is working. Consider his lead sentence in his Tuesday update. “Drill baby drill is working.” He went on …
Cushing worker found dead inside ethanol plant tank
A Cushing, Oklahoma worker was found dead over the weekend inside a fermenting tank at a Nebraska ethanol plant. He was identified as Randall McElroy, 31 whose body was found Saturday at the Husker Ag Ethanol Production facility near Plainview, Nebraska. KTIV News reported Plainview Fire and Rescue and Pierce County Sheriff’s deputies responded …
Xcel says it needs to spend $22 billion to keep up with potential demand from Colorado data centers
(Kathryn Scott, Special to The Colorado Sun) Just like Oklahoma regulators, those in Colorado are dealing with the boom in the construction of data centers, a boom that will create a demand for more electricity to power those operations. One of the latest proposals to the Colorado Public Utilities Commission is Xcel Energy’s idea …
Arkansas utililty rates could rise over construction of natural gas plants
A new law in Arkansas opens the door for higher electric rates as the state’s two largest utilities propose “strategic investments” including new gas-fired power plants. Entergy Arkansas, the largest electric utility in Arkansas, has filed application to build a 754-megawatt natural gas-fired power plant, which it hopes to finance with a rate increase …
Energy briefs
** One of the largest solar-and-storage power generating facilities in the U.S. has come online in Southern California, immediately providing 7% of all of L.A.’s power needs, the Los Angeles Times reported. With the plant’s opening, 64% of the city’s power now comes from renewable sources. ** A U.S. district judge on Friday denied the latest …
Empire Petroleum secures unanimous victory to advance CO₂ development and protect EMSU assets
The New Mexico Oil Conservation Commission has given unanimous and favorable approval of Empire Petroleum’s request for rights to the Residual Oil Zone in the Eunic Monument South Unit Unitized INterval in Lea County, New Mexico. After four years of expenditures, Empire, the Tulsa company, received the Commission’s unanimous decision at a public hearing …
Comparing Trump’s energy moves compared to Biden’s
On day one of his term in the White House, President Biden wasted no time in attacking the fossil fuel industry in the U.S. He did so by canceling the Keystone XL pipeline. He also issued a moratorium on oil and gas leasing in the Arctic National Wildlife refuge and revoked many of …
Proposed wind farm on state school land opposed by Woodward County Commissioners
A proposal by the Oklahoma Commissioners of Land to consider allowing a wind turbine farm on state-owned land could run into a buzz saw come Monday morning. Woodward County Commissioners are so much against the idea, they cancelled their regular Monday meeting and intend to be on hand when the Land Commission takes …