The U.S. added nine active rigs over the last week to arrive at a count of 813 as of June 8, according to Enverus Foundations data. The count is up 4% in the last month and up 55% in the last year. Activity levels reached as high as 814 during the last week, up …
Oklahoma energy stocks dipped with fall in crude oil prices on Thursday
Crude oil prices suffered a slight drop in trading on Thursday but remained close to the three-month highs they hit in Wednesday’s trading. The drop came after parts of Shanghai implemented new COVID-19 lockdown steps. In the U.S., West Texas Intermediate crude for July delivery dropped 60 cents or 0.5% and settled at $121.51 …
Stillwater lands exclusive mining company
The rare-earth mining company USA Rare Earth chose Stillwater as the site for a new operation. The company owns a mine in west Texas where minerals critical to U.S. national security are mined, including gallium, which is a critical semiconductor chip material for which there are currently no U.S. producers. It plans to invest …
Compromise legislation in Missouri to save Grain Belt Express
The governor of Missouri says he will sign legislation that will keep alive the proposed Grain Belt wind-power transmission line across his state—a line to carry wind-powered electricity from southwest Kansas to Indiana. The legislation is a compromise that will require landowners to be paid 150% of fair market value for land taken through eminent domain …
Biden to require highway EV chargers
Under a plan by President Biden to push his love with electric vehicles, he will require EV chargers to be located every 50 miles across federal highways. That means every 50 miles up and down Interstate 35 and across I-40 in Oklahoma, there will be charging stations. Courtesy of your tax dollars. We’ll have …
Don’t expect gas price help from government
It’s almost like the Biden administration is shrugging its shoulders about the rising fuel prices. The latest admission of helplessness came this week from Commerce Secretary Gina Raimondo who said Tuesday there is not much more the White House can do to tackle the record high gas prices for Americans. She blamed the …
Solar power provides daytime electricity in Taos
The electrical provider in Taos, New Mexico announced it began daytime power production totally with solar power as of this week. Kit Carson Electric Cooperative, based in Taos switched to a solar array of 43,690 solar panels covering 170 acres at a site nine miles northwest of the city reported The Santa Fe New …
Other headlines
** The Energy Department announced on Wednesday that it will make a major loan to a facility that would create and store clean hydrogen energy. It will loan $504.4 million dollars to the Advanced Clean Energy Storage Project, which will be located in Delta, Utah. ** Goldman analysts say crude-oil prices will need to average $135 a …
West Texas raked by massive dust storm
The weather is never a “given” in the oil patch. Some times it is freezing snow storms. In Oklahoma, springtime means tornadoes and severe thunderstorms. In the Permian Basin of West Texas this week, it was a wild and crazy dust storm, one estimated to be at least 100 miles in length and …
US DOT gives transportation power to Cherokee Nation
The Cherokee Nation headquartered in Oklahoma has become the first tribe in Indian Country to reach an agreement with the federal government allowing it to plan and oversee its own road and highway construction. Leaders of the tribe signed the historic self-governance agreement on Tuesday with the U.S. Department of Transportation. It means the …