Tulsa’s Empire Petroleum is on the hunt for a new Chief Accounting Officer. The company announced Monday that Angela M. Baker had informed the firm on Nov. 7 of her intentions to resign effective Nov. 30 of this year. No reason was given in a filing made by the company with the Securities and …
Category: General
Slight increase in crude production forecast for Permian Basin
A new government report anticipates an increase in Permian Basin oil and gas production from November to December while the Anadarko Basin will stay steady. The EIA forecast total Permian Basin production is expected to increase from 5,460,000 barrels a day in November to 5,499,000 barrels a day in December. Natural gas production will …
U.S. electricity customers averaged seven hours of power interruptions in 2021
A new report didn’t reveal how long Oklahomans suffered during power outages in 2021, but at least the state wasn’t in the top ten list of the lengthy of those interruptions. On average, U.S. electricity customers experienced just over seven hours of electric power interruptions in 2021, almost an hour less than in 2020 …
Tinker Air Force Base to be possible site for new refueling tanker facility
The Air Force announced plans to hold an open house and meeting as it considers Tinker Air Force Base as one of 3 sites for to base a dozen of its new KC-46A tankers. The public meeting and open house will be held Dec. 1 at the Sheraton Midwest City Hotel and Reed Conference …
Empire Petroleum reports increased revenues in 3Q
Tulsa-based Empire Petroleum announced third quarter financial results this week showing $14.8 million in recorded revenue with net income of $0.2 million or one cent a diluted share. Adjusted net income was $3.7 million or 16 cents per diluted share. The firm stated it generated adjusted EBITDA of $4.8 million or $23.36 per barrel …
Oklahoma shares in settlement of lawsuit against Google
Oklahoma will get nearly $7 million as its share in a $391 million settlement Google reached with 40 states who sued over the company’s location tracking practices. Attorney General John O’Connor announced the state’s share of the agreement according to the McCarville Report. Click here for McCarville Report
Workers who built Tesla’s Austin plant plan to sue over work conditions
Tesla is about to be sued by construction workers at the company’s Austin, Texas gigafactory who maintain there have been serious labor and employment violations, including wage theft, constant hazards and onsite accidents. The workers indicated they would file a complaint with the federal Department of Labor according to a report by the Guardian. Click …
Energy bills among those filed in Texas legislature
Among the 800 bills filed this week in the Texas legislature are some that would making building renewable energy facilities more difficult. One would increase setback requirements on the location of wind turbines according to the San Antonio Report. Click here for San Antonio Report
Other energy headlines
** Campaigning in Georgia on Sunday, Republican Senate candidate Herschel Walker said the United States is not ready to implement policies like the Green New Deal that are designed to address climate change. Instead, Walker suggested the country needs to “keep having those gas-guzzling cars” that produce “good emissions.” ** The U.S. is facing a diesel crunch …
Crude oil prices dropped $3 on Monday and took many Oklahoma energy stocks down too
Surging coronavirus cases in China dashed hopes of a speedy reopening of the economy for the world’s biggest crude importer and sent crude oil prices down on Monday. Prices dropped $3 a barrel and were dragged down also by a firmer U.S. dollar. West Texas Intermediate crude for December delivery dropped 3.5% or $3.09 …