** Police arrested six protesters Tuesday who tried to disrupt the start of land-based testing for New Jersey’s first offshore wind farm. But the work progressed anyway. ** A former leader at three top U.S. automakers has shared his no-nonsense take on America’s attempt to transition to electric vehicles (EVs). Bob Lutz, former executive at General Motors, Ford …
Category: General
Crude oil hits 10-month high on 2% gain Tuesday
Crude oil prices jumped nearly 2% and reached a 10-month high in Tuesday’s trading and Oklahoma energy stocks had gains of 5% and 6%. The increase in crude oil came over the tigher supply outlook and OPEC’s decision to continue with production cuts. West Texas Intermediate crude rose $1.55 or 1.8% and settled at …
Higher crude oil prices will lead to higher gasoline costs—EIA
Less crude oil, higher oil prices and and increased prices at the pump. It’s what Americans can expect in the coming months, according to new government reports. The U.S. Energy Information Administration (EIA) expects global oil inventories to decline by almost a half million barrels per day in the second half of 2023, causing …
Note from the editor
An explanation is due as to the absence of the Permits to Drill and Completion Reports that have been a long-time standard here at OK Energy Today. We are experiencing problems in the daily supply of the reports and at the same time, working to resolve the situation. The reports have not been available …
Water board prepares for another round of meetings to develop water plan
The Oklahoma Water Resources Board is preparing for a second round of public meetings in December as it works on development of a statewide comprehensive water plan. A series of in-person meetings was held in August in Altus, Ada, Claremore, Woodward and Oklahoma City along with two virtual meetings, with local officials and water-minded citizens …
Another sale of oil from the US reserve isn’t out of the question
Oklahoma’s U.S. Senators and Representatives who heavily criticized President Biden for his use of the Strategic Petroleum Reserve to bring down gasoline prices might be preparing new critical statements after a New York Post story this week. The Post’s Miranda Devine, the same reporter who broke the Hunter Biden laptop story that became a …
The role of oil and gas in US economic security—Peter Zeihan
For those who believe the oil and gas industry is doomed, geopolitical observer and author Peter Zeihan says not so fast. In a podcast this week, the world traveler took a look at the processing needs of the U.S. and how the role of the oil and gas industry is important. “The US is already …
Norman homeowners dealt a setback in their fight against new turnpike
The hundreds of Norman homeowners protesting the Oklahoma Turnpike Authority’s proposed new turnpike that would mean the destruction of their homes suffered another setback this week. A major one. Maybe even demoralizing. The Oklahoma Council of Bond Oversight voted to approve the Turnpike Authority’s $500,000,000 bond application for the controversial ACCESS Oklahoma project. The vote …
Wind power mystery puzzles Southwest Power Pool leaders
Technicians at the Southwest Power Pool, the electricity power grid of which Oklahoma is a member, admit they faced a renewable energy mystery a few months ago. And it remains an unsolved puzzle. It was in June when the Power Pool’s energy production from wind nearly stalled totally. The entire wind production from the …
ONE Gas to sell nearly $89 million in shares
ONE Gas, Inc. announced that it plans to make a public offering of 1,200,000 shares of its common stock worth nearly $89 million. As part of the offering, ONE Gas has granted to the underwriter an option to purchase up to 180,000 additional shares of ONE Gas’ common stock. ONE Gas intends to enter …