Instead of spiking Monday as some thought might occur because Iran’s weekend attack on Israel, crude oil prices fell lower, largely because the attack was a dismal failure and speculators believe there won’t be a major disruption of the flow of oil to markets. West Texas Intermediate crude fell 25 cents or 0.3% …
Mullin hosts Senate Armed Services Committee chair during tour of Oklahoma military installations
Over the weekend, U.S. Senator Markwayne Mullin (R-OK), a member of the Senate Armed Services Committee (SASC), hosted U.S. Senator Jack Reed (D-RI), the Chairman of the Senate Armed Services Committee, on numerous Oklahoma military installations to better understand current needs and future readiness of the installations and their units. On Friday, Senator Mullin accompanied Chairman Reed …
Nation’s oil production to grow in May
A new government report indicates almost all oil and gas regions in the U.S. will see increased production in the month. The U.S. Energy Information Administration reported it anticipates “new well” oil production in the Anadarko Basin to increase from 716 barrels of oil a day to 717 barrels in May. New well natural …
OKC water beats new EPA “forever chemicals” levels
Oklahoma City reports recent tests show the city’s water surpasses recent new minimum EPA requirements for contamination by “forever chemicals.” In other words, the city’s water level of six PFAS compounds is better than what is required in the first-ever National Primary Drinking Water Regulation released last week. The new EPA regulation establishes limits on PFAS …
AG Drummond and others go to court in fight against EPA’s latest methane emissions rule
Attorney General Gentner Drummond and a 25-state coalition he is leading have filed a motion to stay the Environmental Protection Agency’s (EPA) new methane emissions rule. Filed Friday in the U.S. Court of Appeals for the District of Columbia Circuit, the motion follows a petition introduced last month by Drummond and the coalition of …
Amazon becomes largest private EV charging operator in US
The cost is something the company doesn’t want to discuss, but Amazon has quietly and quickly become the largest private EV charging operator in the country. The firm completed installation of 17,000 electric vehicle chargers at 120 of its warehouses across the nation. It took Amazon two years to complete the installation. It’s part …
Vital Energy announces 1Q earnings report release date
The first quarter earnings report for Tulsa’s Vital Energy, Inc. will be released in a few weeks and investors will learn whether the company’s success in the Permian Basin continued for another quarter. The company announced the release will be made after the market closes on Wednesday, May 8. It will be followed by a …
Energy quick reads
** The FBI is conducting a criminal investigation into the deadly collapse of Baltimore’s Francis Scott Key Bridge that is focused on the circumstances leading up to it and whether all federal laws were followed, according to a person familiar with the matter. ** Tesla will lay off more than 10% of its global workforce, an internal memo …
BOK Financial Corp. becomes major player in lending to oil and gas operations
A report by Bloomberg shows an Oklahoma bank is among a handful of US regional banks that have taken major steps to increase lending to oil, gas and coal clients. The list of the regionals included BOK Financial Corp in Oklahoma where there is a 2-year old law in which financial institutions are reviewed …
Biden administration funds $6 billion to help Samsung develop microchip plant in Texas
Samsung Electronics is getting $6.4 billion in government funding as the Biden administration announced Monday plans to support the company’s efforts to develop a computer chip manufacturing and research cluster in Texas. The taxpayer’s money is from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving …
