Crude oil prices took a more than $1 a barrel plunge during Monday’s trading as Israel ceasefire talks grew in Cairo and at the same time, U.S. inflation data deflated hopes for any imminent interest rate cuts. West Texas Intermediate crude, the U.S. benchmark, dropped $1.22 or 1.5% per barrel on the New York Mercantile …
Nearly 89 percent of Oklahoma Gas and Electric customers who lost electrical power during the weekend tornadoes that killed four persons and injured dozens of others had power restored as of mid-day Monday. OG&E reported that 5,400 customers were still without power while about 1,200 personnel worked to restore electricity to the cities and …
(Mike Wooldridge) Two years after Oklahoma lost the bidding war with Kansas for a $4 billion Panasonic EV battery plant, construction remains underway even though the company to be supplied with batteries is making layoffs nationally. Ground was broken in the summer of 2022 on the plant where eventually 4,000 employees will make electric vehicle …
Six hundred and forty-five Oklahoma City residents dropped off 250,612 pounds of ammunition, medications, computers and tires during the City’s annual Special Collection event held on April 6 at the OKC Fairgrounds. Residents delivered 227,268 pounds of tires, 22,000 pounds of computers, 600 pounds of ammunition and set a new record of 744 pounds …
Nearly every major oil and gas company in the U.S. is keenly aware of the challenges thrown on its by the Biden administration’s anti-oil and gas regulations. Take Devon Energy for instance. In a recent filing of an annual Form 10-K report to security holders with the Securities and Exchange Commission, the Oklahoma City …
The Oklahoma legislature sent a ROFR or Right of First Refusal bill to Governor Kevin Stitt in the past week…but not a ROFR bill dealing with utilities and their large transmission line projects. Instead, HB3159, authored by Oklahoma City Rep. Eric Roberts, focuses on giving landowners the right of first refusal in sales of land …
The state of New Mexico came down hard this week on oil and gas company Ameredev II,LLC, fining the firm $24.5 million over alleged violations of state air regulations—namely unlicensed flaring. “Let this serve as a wake-up call to the oil and gas industry – the Environment Department is using remote sensing technology, …
This map, courtesy of the Oklahoma Mesonet State Climatologist Gary McManus shows what Oklahoma might experience again after weekend tornadoes left four dead, dozens more injured and a handful of cities in shambles. McManus noted in his Monday report that severe weather could strike again on Tuesday as well. “—just not quite as hazardous …
While the Biden administration is out with new emission regulations that it believes will bring about a reduction in coal usage in the U.S., Tulsa’s Alliance Resource Partners announced increased coal sales in the most recent quarter. And company leadership believes electricity demand will only result in increased sales of coal. Coal sales were …
** Interstate 40 was reopened in both directions Sunday as fire crews continued watch over a controlled burn of remaining fuel from a freight train derailment near the Arizona-New Mexico state line, a local fire chief said. Earlier evacuation orders have now been lifted. ** Exxon Mobil Corp. and Chevron Corp., which reported earnings Friday, are both predicting …
