The Texas Oil and Gas Association is celebrating a big boost in energy employment in the state. According to newly released data from the Texas Workforce Commission, employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March, representing the highest single month growth in upstream …
Devon Energy has a new chairman of its board of directors. The Oklahoma City energy company announced the board appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while also …
(Arkansas Business) Toyota is closing one of its auto parts factories located in Arkansas. As reported by Arkansas Business, Hino Motors, a subsidiary of Toyota plans to close the plant in Marion and it will eventually put 1,300 people out of worker. Hino explained it had an operating loss last year of $189 million and …
Oklahoma regulators are planning a session with stakeholders to focus on rule changes. The Corporation Commission announced it intends to hold a Chapter 5 Rules of Practice Industry Roundtable meeting on Wednesday, June 12 at 1:30 p.m. The purpose of the meeting is to promote engagement with industry stakeholders, gain input and ideas, …
** A new study has found that integrating Texas’s self-contained electrical grid with the broader national grid could prevent mass power outages like those suffered in 2021. The research, from the Massachusetts Institute of Technology, found that if such a law had been enacted ahead of the 2021 event, Winter Storm Uri, up to 80 percent of …
The second day of the trading week brought another drop in crude oil prices as demand around the world is showing signs of weakness. It cascaded on top of Monday’s drop following the decision by the Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, agreed Sunday to extend their …
At the Oklahoma Transportation Commission’s June meeting, ODOT Executive Director Tim Gatz and ODOT Safety Consultant Tanner Mikles awarded field crews who demonstrated a continued commitment to safety throughout the past year. The Governor’s Safety Excellence Award is presented annually to the ODOT field district with the best overall safety record over the past …
The same week that the National Weather Service reported there had been 100 tornadoes in Oklahoma so far this year along with several fatalities, a U.S. House Committee opened hearings into funding for the agency under which the Weather Service falls. Oklahoma Congressman Frank Lucas, who chairs the House Committee on Science, Space and …
Oil and gas operators in the Permian Basin, yes, including those Oklahoma firms operating there, will soon find themselves in competition with bitcoin mining and data centers—competition for electricity. Electricity demand in the Permian will more than double by 2030 compared to 2021, according to the Electric Reliability Council of Texas. Within the next …
The Oklahoma Energy Resources Board recently announced the recipients of the organization’s 2024 Impact Awards. They were honored for making “a significant impact on our programs and our industry,” stated the OERB. Land Restoration Partnership Award Oklahoma Corporation Commission, Osage Bureau of Indian Affairs and Osage Conservation District Before the OERB begins any …
