Oklahoma isn’t the only state with a hydrogen hub plan that attracted interest of the U.S. Energy Department. So is the plan submitted by New Mexico, Colorado, Utah and Wyoming, according to the New Mexico Environment Department. The regional hydrogen hub in Colorado, New Mexico, Utah, and Wyoming is one step closer to reality …
Category: General
Environmental group says Keystone pipeline is a “lemon”
The anti-pipeline group, Bold Nebraska, is not only citing the Keystone pipeline oil leak in Kansas as another example of the dangers of moving oil by pipeline, it’s using the incident to raise funds for its continued opposition. It called the Keystone line a “lemon.” In a recent email alert, the group offered to …
Gasoline prices bounce back up in Oklahoma
National gasoline prices have taken a jump upward in the past week and they’re doing the same in Oklahoma. The state’s average as of Jan. 2, 2023 is $2.85 which is 18 cents higher than one week ago. However, it is lower than the $2.93 average reported a month ago and still 2 cents …
How much will we pay for gasoline in this new year?
Okay. The New Year is here and consumers are left wondering—what will it be like for the prices we pay at the pump? Higher? Lower? Some observers believe the lowest prices for 2023 will likely occur in February with a national average of $2.99 per gallon according to USA Today. Click here for USA …
OK energy stocks made gains while crude oil prices dropped
While crude oil prices took a tumble in Thursday’s trading, Oklahoma energy stocks recorded gains for the day. Crude oil prices dropped because of the surge in COVID cases in China, something that resulted in growing fears of a global economic downturn. West Texas Intermediate crude for delivery in February slipped 56 cents to …
Crude oil in storage at Cushing hub remains steady
Crude oil in storage at the Cushing hub in northern Oklahoma held steady in the past week. The U.S. Energy Information Administration reported a total of 25 million barrels of oil were stored at the Cushing hub as of Dec. 23, 2022, the latest reporting period. It was down from the 25.2 million recorded …
State regulators deal with staff shortage
The Christmas Holiday had an obvious affect on Oklahoma regulators this week as their Thursday morning meeting was nearly 20 minutes late before getting underway. The 9:30 a.m. scheduled meeting finally began at 9:48 a.m. and Chairwoman Dana Murphy immediately apologized, explaining different offices in the agency were short of staff during the holiday. …
National rig count is steady reported Enverus
A weekly report on rig activity by Enverus showed only a gain of one rig in the U.S. compared to the previous week. It also indicated a decline of two rigs in the Anadarko Basin while the Permian Basin gained two rigs. The total U.S. count reached 872 during the week ended Dec.28 reported …
Oil and gas activity remains positive in Texas despite slowdown
A new Dallas Fed Energy Survey claims oil and gas activity still grew in the fourth quarter 2022 but also showed a slowdown from previous months. The survey by the Eleventh District of the Federal Reserve Bank of Dallas was based on the response of oil and gas executives. It also showed activity was …
Entergy might have to make $500 million in refunds
The Federal Energy Regulatory Commission says Entergy Corp owes up to $500 million or ore in refunds to its ratepayers in Arkansas and Louisiana. The rulings on Friday pertained to the company’s management and operation of the Grand Gulf nuclear plant reported the Northwest Arkansas Democrat Gazette. Click here for Democrat Gazette.