Marathon Oil Company reports another Blaine County well with significant oil production of nearly 1,000 barrels of oil a day. The firm filed a completion report this week on the Alta Bia 1511 5-31-30mxh located at 30 15N 11W or about 6 miles south of Watonga. Production totaled 984 barrels of oil a day …
A new Federal Reserve Bank report from Kansas City indicated the energy sector in the 10-state region that includes Oklahoma slowed slightly for the week ending January 27. Crude oil prices, both WTI and Brent, were down 8.6% and 7.6% respectively over the last quarter. Henry Hub natural gas spot prices were down nearly …
** A federally sanctioned propane trade association, the Propane Education and Research Council (PERC), is refusing to disclose records about its operations, despite its obligations to do so under the Propane Education and Research Act. ** Solar is set to make up half of new U.S. electric generation installed this year, followed by battery storage, while the pace …
The nation’s growing buildup of stored crude oil is reflected again at the Cushing Hub in northern Oklahoma where the amount rose over the past week. The U.S. Energy Information Administration reported the Cushing Hub, as of February 3, held 39.1 million barrels of crude oil. It represented an increase of 1.1 million barrels …
Crude oil prices saw a third consecutive day of gains in Wednesday’s trading largely because of the Federal Reserve chairman’s remarks that eased worries about interest rate hikes. It didn’t seem to help Oklahoma energy stocks as they experienced mostly moderate losses. West Texas Intermediate crude rose $1.33 or 1.7% to reach $78.47 on the …
Oklahoma City doubled down on its Supreme Court fight with the State Corporation Commission over franchise fees that don’t have to be collected by utilities securitized as part of the Winter Storm 2021 bond cases. In response to the Commission’s late January filing asking for the city’s appeal to be thrown out by the …
Tax revenue in Oklahoma resulted in a record high in the past year according to an announcement by State Treasurer Todd Russ. It also included increased revenue from oil and natural gas taxes. The 12-month gross receipts through January totaled $17.48 billion, an increase of nearly $2 billion or about 13% from the previous …
While Oklahoma Congressman Tom Cole was critical of the President’s State of the Union address for failing to mention energy production, others in the Oklahoma congressional delegation were also critical of the speech. Republican U.S. Sen. Markwayne Mullin said the speech was filled with “empty words, false promises and no solutions for the many …
Infinity Capital Partners of Oklahoma City has surpassed $1 billion in completed transactions since its founding in 2016, highlighting the rapid increase in capital investments for local businesses in recent years. More than $800 million of the capital involved in Infinity’s closed transactions was sourced from out-of-state and invested in Oklahoma-owned businesses, impacting more than …
What President Biden didn’t mention in his State of the Union address Tuesday evening is what concerns Oklahoma Republican Congressman Tom Cole. Energy production. In his response, it’s what Rep. Cole discussed in part, pointing out that the president “failed to mention a plan to unleash North American energy production to solve his self-created …
