Oil prices worldwide remain high over the Russian invasion of Ukraine but that apparently hasn’t translated into a rush for more oil and gas exploration in the U.S. according to the latest rig report from Enverus Rig Analytics. The U.S. rig count fell by 13 in the last week to 754 as of March …
Large producer for Cimarex Energy
Cimarex Energy Co. filed a completion report this week on a well with more than 1,000 barrels of oil a day production in Canadian County. The company completed the Elder 2h-2623x, located at 36 11N 8W, in August of 2021. The well, sited 4 miles west of Union City had production of 1,048 barrels of oil …
NW Arkansas highway nominated for alternative fuel corridor
Regional planners in northwest Arkansas have taken the step of nominating part of U.S. 412 as an alternative fuel corridor for electric vehicles. The move by the Northwest Arkansas Regional Planning Commission would focus on a 22-mile stretch of US 412 from I-49 to the state line, a segment that eventually is expected …
Utility customers needed help with gas bills
A report shows more Oklahomans ended up needing assistance in paying their gas bills in the past year following increased natural gas prices following the 2021 Winter Storm Uri and Russia’s invasion of Ukraine. Click here for Tahlequah Daily Press
Navistar opens EV truck factory in Texas
Truck manufacturer Navistar opened its San Antonio,Texas factory to make heavy-duty trucks powered by diesel or electric engines, and may eventually build hydrogen trucks as well. Ceremonies were held Wednesday at the 1 million-square-foot plant. Click here for San Antonio Report
Shannon picks up endorsement of two transportation leaders
Two former Oklahoma Secretaries of Transportation have come out with their endorsement of former Oklahoma House Speaker T.W. Shannon in his announced bid to replace Jim Inhofe in the U.S. Senate. Click here for McCarville Report
Public corruption alleged in OGE’s 2021 winter storm bond case
Former Oklahoma legislator Mike Reynolds used his constitutional challenge of OGE’s $1 billion storm bond request with the Supreme Court to allege corruption on the part of Corporation Commissioners Dana Murphy and Todd Hiett who approved the utility’s securitization request. In another protest filed over OGE’s request, Reynolds accused the two of illegally receiving …
More energy headlines
** The Biden administration has asked U.S. oil and gas producers to drill more as Russia’s invasion of Ukraine has pushed gasoline prices higher. But, at the same time, it has taken a somewhat hostile tone, blaming the industry for not bringing prices down quickly enough. ** Should oil prices explode to $200 a barrel as some …
Higher crude prices and strong gains for some OK energy stocks
Concerns about tight global supplies grew Wednesday with word that a Russian oil pipeline on the Black Sea coast would be out of commission for 3 months and sent crude oil prices up 5% in trading. West Texas Intermediate crude for April delivery rose $5.66 or 4.9% to finish the day at $114.93 a …
Prices at the pumps are slowly falling in Oklahoma
Gasoline prices are slowly sinking in the U.S. and Oklahoma with the national average at $4.25 a gallon and Oklahoma’s average down to $3.78 per gallon. The American Automobile Association reported Wednesday the state’s average had fallen 4 cents in the past week but was still 57 cents higher than a month ago. The …