Months after he was named Chief Operating Officer at Tulsa-based Empire Petroleum, Eugene Sweeney reached an employment agreement with the firm. Empire announced the agreement was reached September 13 and the initial term is two years. Sweeney was named COO in February of this year and previously was Vice President of Operations since May 2021. …
Category: General
Cole—Biden’s Green New Deal weakened our country’s energy security
Oklahoma Congressman Tom Cole launched another attack on President Biden this week, pointing out that ever since Biden took office, energy production in the U.S. has significantly been slowed by the President….all in the name of Biden pursuing his “unreliable and disastrous Green New Deal.” It’s what Cole charged in his weekly political column …
Oklahoma City challenges Corporation Commission’s winter storm bond franchise decision
The Oklahoma Corporation Commission is being dragged back before the State Supreme Court in another constitutional challenge in part over its controversial decision to use bond securitization to help utilities recover costs from the 2021 Winter Storm Uri. Oklahoma City has appealed the Commission’s recent 2-1 decision to let utilities decide if they will …
More energy headlines
** The Department of Energy will offer additional US reserve crude for sale ahead of plans by the European Union to ban most Russian oil in December. ** U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve (SPR) this fall, traders said, adding this should …
Colorado lags in mandate to cut greenhouse gases
While Colorado leaders have made a strong push to become a totally ‘green’ state when it comes to the climate, a new report shows it’s failing in its efforts. The Colorado Sun reported a new assessment says Colorado is “alarmingly” behind statutory goals to cut greenhouse gas emissions for 2025 and 2030. Click here …
Farmington hopes to save San Juan power plant
Farmington, New Mexico finds itself in a spat with Public Service Company of New Mexico over efforts to keep the coal-fired San Juan Generating Station open and operating. PSO intends to shut down the plant but city leaders in Farmington want to save the local jobs and acquire the plant reported the Farmington Daily …
Crude oil prices made moderate gains in Monday’s trading
Monday’s trading brought a slight gain for crude oil prices, mostly built on worries about tight oil supplies. It also resulted in losses or weak gains for most Oklahoma energy stocks. West Texas Intermediate crude for October delivery gained 62 cents or 0,7% to finish at $85.73 a barrel on the New York Mercantile …
Transportation officials defend bond firm’s history of millions in penalties
The Oklahoma Department of Transportation has defended the history of $15 million in penalties and fines for its major bond provider by suggesting it was common for such firms to be involved in litigation. ODOT, also speaking for the Oklahoma Turnpike Authority in answering questions presented by OK Energy Today about the bond …
Oklahoma City water/sewage projects on list for ARPA funds
Water and sewage projects in Oklahoma City, including relocation of a water transmission main that supplies drinking water near Tinker Air Force Base, are among recommendations to receive American Rescue Plan Act (ARPA) funds by the Oklahoma House and Senate Joint Committee on Pandemic Relief Funding. The committee proposes spending $35 million for partnerships with …
Latest Kingfisher County wells in Oklahoma
Oklahoma City’s Hinkle Oil & Gas Inc. has been busy with wells in Kingfisher County, filing completion reports on 3 wells completed in August. The Lincoln Southeast Oswego Unit 88-2ho, located at 29 17N 5W, a few miles southwest of Cimarron City produced 643 barrels of oil a day and 803 Mcf of natural gas from a …