El Reno is the home of a new Love’s Travel Stops tire retread plant and distribution center. The company stated that the 220,000-square-foot facility is double the size of one replaced in Grand Prairie, Texas. It is one of seven such Loves plants across the country and is a sign the Oklahoma City-based company …
Category: Oil & Gas
Energy news in brief
** A new report says President Biden’s federal ban on oil and gas leases in the Gulf of Mexico threatens more than 345,000 offshore oil and gas jobs. ** A sprawling Wyoming ranch long owned by late Texas oil heiress, horse breeder, philanthropist and prolific art patron Anne Windfohr Marion has hit the market for $45 million. ** North Dakota regulators hold their …
Chesapeake and Vine Energy and the search for a new CEO
Leadership at Oklahoma City’s Chesapeake Energy Corporation made it clear last week as they announced the acquisition of energy company Vine, “We’re not Chesapeake of the past. We think this is a competitive advantage.” The declaration came from Mike Wichterich, Chesapeake’s Board Chairman and Interim Chief Executive Officer during a second quarter conference call with …
Will crude oil prices rebound this week?
Friday trading saw another dip in crude oil prices as the International Energy Agency expressed more concern that the spread of coronavirus variants is causing a slowdown in oil demand. So it raises the question whether the fall of Afghanistan over the weekend might take minds off COVID-19 and the impact on crude oil. …
Oklahoma oil leader says Biden has it all wrong
President Biden’s recent call for OPEC to increase its oil production is still reverberating across the oil and gas industry including the Petroleum Alliance of Oklahoma where the headline accused the White House of seeking to kill U.S. oil and natural gas jobs while rewarding dictators. Brook A. Simmons, President of the Alliance called …
Oklahoma rig count falls while national numbers increase
The number of oil and gas rigs active in Oklahoma slipped by one in the past week, resting at 30 while nationally, the rig count jumped by 9 to reach 500 according to the latest report from Baker Hughes Co. Oklahoma’s current count of 30 compares to 11 a year ago. Nationwide, the number …
PSO announces 2021 AEP foundation FFA STEM after-school grant winners
FFA chapters across Oklahoma are receiving a share of more than $38,000 after being named recipients of this year’s American Electric Power Foundation FFA STEM After-School grants. The AEP Foundation is the charitable arm of American Electric Power, parent company of Tulsa-based electric provider, Public Service Company of Oklahoma (PSO). The grant program …
Rep. Mullin: America First, Not America Last
By Congressman Markwayne Mullin Americans are paying more for just about everything thanks to President Biden’s out-of-control spending and disastrous policies. Look no further than what it costs to fill up your gas tank. The national average for a gallon of gasoline is $3.18. That’s over a dollar higher than this time last year. While …
Energy news in brief
** The 2021-2022 school year is right around the corner and Reliant is teaming up with local nonprofits and school districts to help families get a head start and prepare for the classroom. The electricity provider is donating more than 10,000 back-to-school kits, including school supplies such as pencils, notebooks, folders, and more, to students in …
Stitt Comments on Biden Administration’s OPEC Request to Increase Oil Production
Oklahoma Governor Kevin Stitt released the following statement after the Biden Administration’s request to OPEC to increase oil production amid rising gas prices: “It is disturbing that the Biden Administration looks to foreign adversaries for help while punishing Oklahoma and other oil-producing states here at home. As governor, I take pride in Oklahoma’s status as …