Oklahoma’s latest earthquake struck Friday night, measuring 3.4 magnitude near the northern town of Lamont. The Enid News and Eagle reported the tremblor was about 6 miles west of Lamont. Click here for Enid News and Eagle
Category: General
It’s not a broken record—OGE makes pitch for another rate hike
You thought you saw the end of rate hikes by Oklahoma Gas and Electric? Get ready. The utility has made yet another pitch for yes, another rate hike. This year. It blames unexpected gas price increases and wants customers to share the load by paying higher rates. Maybe another $5 to $6 more a …
New headquarters for Helmerich and Payne
Tulsa’s Helmerich & Payne will be moving into a new high-rise headquarters building. After nearly 20 years on South Boulder Avenue in Tulsa, the company will move to the new headquarters at 222 N Detroit Avenue. The announcement was made Friday. “We are beyond excited to be moving to this new space in the …
Major oil firms condemned by Democrats who led House Committee investigation
A Democratic House Committee investigation of major oil and gas companies in the U.S. released its report on Friday damning major firms for pledging to be part of the national green energy effort but doing otherwise. The report was released by the House Oversight and Reform Committee and concluded fossil fuel companies lied about becoming …
Crude oil prices hit biggest fall in months and it was felt by OK energy stocks
Friday saw the biggest weekly drop in crude oil prices in months, thanks to swelling recession fears and weak economic information from the U.S., Europe and China. The impact on Oklahoma energy stocks wasn’t good. West Texas Intermediate crude for January delivery dropped 44 cents or about 1% to $71.02 a barrel in trading …
Rig numbers slip in Oklahoma and across the U.S.
Baker Hughes reported Friday a drop of four rigs nationwide, lowering the U.S rig count to 780. Oklahoma also saw a decline of two rigs, leaving a total of 69 drilling for oil and gas in the state. Baker Hughes explained the drop nationally included two oil rigs, leaving 625 still in action and …
Arkansas wants to fly high
Arkansas wants to become a transportation or aviation hub just like Kansas. Maybe even develop a spaceport like the one in western Oklahoma. It’s the goal laid out in a new report by group of business executives and leaders known as the Arkansas Council on Future Mobility reported the Arkansas Democrat-Gazette. Click here …
Explosion rocked alternative fuel plant in Iowa
Ten to 15 people were injured in the explosion and fire that hit an alternative fuel plant in Marengo, Iowa, a town southwest of Cedar Rapids and 80 miles east of Des Moines. A reported 30 workers were inside the plant when the explosion occurred. The cause is under investigation. It happened at an …
Treasurer worried about falling energy prices and impact on Oklahoma tax collections
Monthly tax collections on Oklahoma oil and gas production took a dip in November for the first time since April reported the State Treasurer on Friday leading Treasurer Randy McDaniel to worry about future collections. The collections fell below $160 million said McDaniel who also pointed out the gross receipts to the Treasury over the …
Longtime oilman in New Mexico becomes a newspaper man
The move by one of New Mexico’s richest oil operators and his oil and gas colleagues to buy a newspaper and use it as a voice for the industry raised questions in the state. Harvey Yates is described asa lawyer, real estate developer, history lover, loyal Republican, cattle rancher and, yes, oil magnate. As …