U.S. crude stocks fell by nearly 5 million barrels in the past week, reported the U.S. Energy Information Administration. At the same time, the amount of crude oil held in storage at Oklahoma’s Cushing Hub dropped by 600,000 barrels. Cushing’s total fell from 28.8 million barrels as of August 9 to 28.2 million barrels …
Some most interesting conclusions about the Permian Basin oil production and drilling activity are included in the latest report from the U.S. Energy Information Administration. Of course, those conclusions involve Oklahoma energy companies that have a heavy presence in the west Texas and southeast New Mexico. The report found Permian crude oil production …
One of the latest coal-fired power plants to convert to natural gas is in Omaha, Nebraska. The Omaha Public Power District plans to convert to natural gas n 2026. In order to do it, the District will have to shut down three units and also obtain approval from the Southwest Power Pool. Click …
After encountering legal issues that resulted in a federal appeals court ruling, a company revealed this week it will not construct a carbon capture operation as part of its $18.4 billion LNG plant under construction near Brownsville, Texas. Officials with the NextDecade Rio Grande LNG terminal confirmed in filings with federal regulators that they …
The U.S. Department of Transportation announced that Oklahoma City will receive $2.2 million in planning grants through the Federal Highway Administration’s Bridge Investment Program. The planning grants will fund studies to restore or replace 15 aging and heavily used bridges in Oklahoma City. Additional enhancements will include infrastructure such as bike lanes or sidewalks. …
** The morning after being called out on national television by United Auto Workers President Shawn Fain during the Democratic National Convention, Stellantis has confirmed it is delaying plans to reopen the shuttered Belvidere Assembly Plant. ** Ford Motor Co. said Wednesday it will no longer make all-electric three-row SUVs and will instead produce hybrid SUVs, …
BlackRock Inc., the company targeted in Oklahoma for its anti-ESG policies that discriminate against the state’s oil and gas industry, announced this week a reduction of its support for shareholder environmental and social plans. The company maintains many of the efforts don’t have merit and at the same time are harming long-term financial interests …
Oklahoma City attorney Melvin Hall assured Corporation Commissioners this week his investigation into the allegations against Commissioner Todd Hiett will be a “confidental fact-finding” probe and rely on information voluntarily offered by those who feel they have something to offer. “Strictly voluntary—we will only deal with information that is voluntarily made,” Hall told …
Crude oil prices dropped nearly 1% on Tuesday and Oklahoma energy stocks also went on the same path with some firms losing 4% and 5% in the value of their stock. Crude oil fell as supply concerns about the possibility of a full-out war in the Middle East eased with Israel’s acceptance of steps …
Oklahoma’s Superior Midstream, LLC is moving its corporate offices to downtown Tulsa. They will be located in the First Place Tower after the move is completed in January 2025. “We are excited to begin this new chapter in downtown Tulsa,” said Bill Ward, President and CEO of Superior Midstream. He said the move to …
