The question for crude oil investors is—will prices recover Monday after the 3% drop on Friday? Oklahoma energy stocks had the same setback. Investors backed off crude oil because of their continuing global recession fears along with a weak oil demand, especially in China. West Texas Intermediate crude, the benchmark U.S. crude oil for …
NextEra’s next wind farm to be in central Kansas
NextEra Energy, one of the top wind farm operators in Oklahoma, has plans to build another wind farm in central Kansas. It wants to construct the wind farm west of Newton, a city along I-35 in Harvey County. County Commissioners recently approved regulations for the wind farm, even though some residents voiced concerns about …
North Dakota’s crude oil production dropped in August
August crude oil production in North Dakota wasn’t what oil and gas leaders had hoped. It was flat according to one state agency. The production, from Oklahoma energy companies and others who have invested exploration in the state, was 1.073 million barrels a day, a drop of 1% according to the North Dakota Department …
Drought worsens across Oklahoma
Oklahoma’s drought is only getting worse. The latest Drought Monitor showed the dry areas of the state grew from the previous week. As KOKH Fox 25 News reported, what once was an area that covered nearly 76% of Oklahoma grew to nearly 86%. Click here for Fox 25 News
Rig count grows nationally and holds steady in Oklahoma
Baker Hughes reported on Friday the number of oil and gas rigs across the U.S. increased to 769 in the past week while in Oklahoma, the count was unchanged from the previous week. Nationally, there was a gain of 7 rigs and the number of oil rigs increased by 8 to 610 while the …
Inflation grew more than expected in September
While gasoline prices continue rising in Oklahoma and most of the country, inflation has not abated as reflected in the latest Consumer Price Index released by the government. It shows inflation grew 0.4% in September, more than expected as it rose 0.1% in August. The US Bureau of Labor Statistics reported that over the …
Enel Green Power opens new office and training center in OKC
As the number two wind energy operator in Oklahoma, Enel Green Power recently held a grand opening of new offices in Oklahoma City. The company has a $3 billion wind portfolio in the state, operates 11 wind farms in Oklahoma with two more under construction and the Oklahoma City office located at 525 NW 11th Street, Suite …
Rep. Lucas targets excessive funding of Energy Department program
Oklahoma Congressman Frank Lucas can’t understand why an Energy Department program with a history of mishandling money is getting nearly 400 times more money than its 2022 budget. He and Rep. Randy Weber, another member of the House Science, Space, and Technology Committee want more transparency in the spending of taxpayer’s money and wrote …
Oilfield employment made gains in September
New figures show nearly 49,000 workers were employed in Oklahoma’s oilfields during the month of September. The figures came from the Bureau of Labor Statistics. An analysis by the Energy Workforce & Technology Council also showed oilfield services and equipment sector employment rose by 2,566 jobs to 640,767 in September across the U.S. August …
OKC’s Expo 25 featured Mike Rowe
America’s storyteller, Mike Rowe, spoke to a crowd of 3,000 at Bennett Event Center at the OKC Fairgrounds during the recent Expo 25. The 25th anniversary of the largest industry event in the state celebrated the innovations, technologies, and economic contributions of oil and natural gas in Oklahoma. Rowe recently traveled the state to …