Oklahoma leaders remain optimistic even after EV manufacturer Canoo, a company with plans to build a plant near Pryor in the northeastern part of the state, revealed major losses in the first quarter of this year. Brent Kisling, Executive Director of the Oklahoma Department of Commerce expressed his thoughts this week following the dismal …
67-foot pipeline rupture led to huge methane gas leak in Texas
Looking back at a large pipeline rupture in Texas in March, investors claim it led to a massive release of potent greenhouse gas methane. Bloomberg says it led to a release of more than 52 million cubic feet of gas. Click here for Bloomberg
Biden pulls plug on 1 million acres of leases in Alaska
The Biden administration took another anti-oil-and-gas move late Wednesday as the President canceled oil and leases on more than 1 million acres in Alaska. CBS News reported the Interior Department, under the President’s approval, also stopped two leases under consideration in the Gulf of Mexico. Click here for CBS news
Crude settles back above $100 in US
On news that COVID-19 cases are falling in China, crude oil prices rebounded Wednesday and settled back above $100 in the U.S. Prices made their rebound after China’s daily COVID case numbers on Monday fell to the lowest level since the middle of March. West Texas Intermediate crude for June delivery shot up …
STACK and SCOOP wells produce more gas for Continental
Thanks to a strong early performance in 2022 by its gas wells in the Anadarko Basin, Continental Resources raised its natural gas production guidance. Doug Lawler, Continental’s Chief Operating Officer and Executive Vice President told investors at this month’s conference call following the first quarter 2022 financial earnings report that the guidance was increased …
Devon Tower window washing lawsuit still in the courts
It’s been three years since two window washers had to be rescued from the Devon Energy Tower in downtown Oklahoma City after their lift fell out of control in strong winds. KFOR News reports a lawsuit that stemmed from the incident is still in the courts. Click here for KFOR news
Truckers pay a pretty penny for diesel fuel in Oklahoma
Diesel fuel costs in Oklahoma continue to increase, reaching a new statewide average this week of $5.28 a gallon. The average is still cheaper than the national average of $5.55 a gallon. Triple A reported Wednesday the new average was two cent more than one week ago. A year ago, the statewide average for …
Turnpike toll booth worker escapes serious injury in crash
A semi-trailer truck crashed into the eastbound US-412/Cimarron Turnpike Hallett toll plaza at SH-99 (mm 48) in Pawnee County on Monday morning, injuring the toll booth attendant inside. She was treated by emergency medical personnel at the scene. The crash signifies the importance of driver safety in toll booth plazas across the 624 miles …
Ouch! Record pain at the pump in Oklahoma
Mark May 11, 2022 on your calendars as the day Oklahoma set a record high gasoline price of $3.98 per gallon. The American Automobile Association reported Wednesday the new high broke the previous record of $3.95 set on July 16, 2008. The record came after prices jumped 3 cents from Tuesday to Wednesday. The …
Cushing’s crude storage makes slight gain
While crude oil supplies slipped a small amount in the U.S. over the past week, stocks at the Cushing hub in Oklahoma made a slight gain. The U.S. Energy Information Administration reported the amount of crude oil held in storage at Cushing as of April 29 was 28.8 million barrels. A week earlier, Cushing’s …