Will the strong gains recorded Friday by crude oil prices and Oklahoma energy stocks continue through Monday? It’s the question investors want to know. Crude gained more than $1 a barrel while Oklahoma energy stocks made strong increases with some firms seeing 5% and 6% gains. What drove the gains? Renewed optimism over increased …
Category: General
Rig counts fell last week in Oklahoma and across the U.S.
Oklahoma and the nation saw another decline in the past week of active oil and gas rigs, according to figures released by Baker Hughes Co. Oklahoma’s count dropped one to 61 rigs. A year ago, the state had 49 active rigs. Nationally, the count dropped by 4 to 749. The decline came as the …
Texas governor says solar and wind projects need not apply for state tax breaks
Texas Gov. Greg Abbott is 100% behind a new state program to give tax breaks to businesses but not for wind and solar energy projects. “I support [the program] not providing economic incentives for renewables,” Abbott said during a news conference in Austin. “There’s already federal incentives for renewable projects, and those will continue …
Denver already behind EV goals
Some city leaders in Denver, Colorado now admit that maybe their goals were a little too lofty in EV development in order to meet greenhouse gas reduction goals. Gov. Jared Polis unveiled a plan to electrify all vehicles across the state by 2050 but it appears residents of Denver aren’t jumping so quickly into …
Oklahomans will tell their economic stories before House field hearing
The U.S. House Ways and Means Committee field hearing set for Tuesday in Yukon will give Oklahomans a chance to tell their stories of what has happened to the nation’s economy….an economy that saw food prices go up 10% in the past year. Inflation, according to the Congressional Budget Office, is 130% in rural …
Regulators to make changes in rules and regulations
Oklahoma Corporation Commissioners plan to hold a special meeting technical conference on Tuesday to discuss but not vote on proposed rulemaking changes. The staff recommended amendments to the Rules of Practice set forth in the Oklahoma Administrative Code. One amendment would allow an Administrative Law Judge to appear and conduct a hearing remotely without …
ONEOK sets shareholders annual meeting for May
Leadership at ONEOK, Inc. announced the company’s 2023 annual shareholders meeting will be held May 24 but it won’t be an in-person gathering. The 9 a.m. meeting will be a virtual meeting only and accessible through a live webcast. Shareholders will receive a notice of the meeting and ability to vote as of March …
Congresswoman says Biden administration continues to mishandle Ohio train derailment catastrophe
To put it mildly, Oklahoma Congresswoman Stephanie Bice says she is “deeply disappointed” in the Biden administration’s reaction to the train derailment and subsequent chemical disaster at East Palestine, Ohio. Her criticisms came even as a second Norfolk Southern train derailed in Ohio on Saturday. The derailment of 20 cars of a 212-car train …
Tellurian’s CEO puts up $25 million in company shares to cover a loan
In an apparent move to avoid a financial catastrophe for his company, Texas-based Telllurian’s Executive Chairman Charif Souki sold more than $25 million in shares to cover a loan. Securities filings confirmed the transfer and sale of Souki’s shares as collateral for a 2017 loan for real estate investments according to Reuters. It reported the …
Fast reads of other energy stories
** Nearby residents were asked to shelter in place after a Norfolk Southern train derailed near a highway in the Springfield, Ohio, area on Saturday. Norfolk Southern confirmed in a statement to CBS News that 20 cars of a 212-car train derailed. The railway company said there were no hazardous materials aboard the train, and …