The latest drought monitor shows the dry conditions in western Oklahoma and the Panhandle are not easing. Eastern Oklahoma is a complete opposite of the conditions on the western part of the state—thanks to a lot of rain in recent weeks. While there isn’t much relief coming in the change of weather in terms …
Category: General
Additional energy headlines
** ConocoPhillips is suing the state of Alaska to stop it from publicly releasing well data associated with its huge Willow oil discovery, located on the western edge of the state’s North Slope oil fields. ** Gasoline prices are set to hit $6 a gallon on average in the US, says JPMorgan. Strong demand for …
EIA expects solar and wind to be larger sources of U.S. electricity generation this summer
A new government report predicts this summer that the U.S. will see its largest increases in electric power sector generation from renewable energy sources. The prediction comes from the U.S. Energy Information Administration in its Summer Electricity Outlook, “We forecast utility-scale solar generation between June and August 2022 will grow by 10 million megawatthours (MWh) …
Tax exemption bill okayed by Oklahoma Senate
The Oklahoma Senate has approved a move to re-create the exemption on motor vehicle and tractor trailer sales tax. Click here for McCarville Report
Earthquakes continue in West Texas
The U.S. Geological Survey reports there has been no letup in the earthquakes rumbling throughout West Texas over the past week. Eleven have been recorded since May 11 reported the Midland Reporter-Telegram. Click here for Midland Reporter-Telegram
Crude slumped on Wednesday—so did OK Energy stocks
Crude oil prices on Wednesday suffered a 2.5% drop after the government reported increased output from U.S. refiners. Oklahoma energy stocks went the same route with several seeing losses of 5 and 6%. West Texas Intermediate crude for June delivery fell $2.81 and settled at $109.59 a barrel in trading on the New York Mercantile …
Muskogee flooding results in plant closing
An early May flood means a Muskogee linen plant will be permanently closed, a move that will put nearly 100 employees out of work. The flooding was part of severe weather that hit Muskogee. It resulted in nearly 50 people who had to be rescued by firefighters and others. City leaders said at the …
Williams leader—more pipelines will be needed if hydrogen is the future
As the top man at the Williams Companies, Inc. Alan Armstrong still believes strongly in the future of natural gas. But he also thinks there is a strong need nationally to build more pipelines to handle the coming growth of dependency on hydrogen. It’s what the President and Chief Executive Officer told the Williams …
Tallgrass and ADM to create carbon capture project
Known for its 7,500 miles of oil and gas pipelines operated in the Midwest, Kansas-City based Tall grass announced plans for a carbon dioxide capturing project in Nebraska where the CO2 will be transported to Wyoming for permanent underground storage. Tallgrass announced it entered into an agreement with ADM to capture the carbon dioxide …
Cushing crude supplies continue to slide
A government report shows the amount of crude oil in storage at the Cushing tank farm in Oklahoma dropped by more than 2 million barrels earlier this month. The U.S. Energy Information Administration reported Wednesday there was 25.8 million barrels in storage at Cushing as of May 13. The amount in storage as of …