Oklahoma Gov. Kevin Stitt has signed into law a measure making sure electric vehicle drivers pay their fair share of highway and road maintenance and improvements. The Governor put his name to House Bill 2234 by Rep. Kyle Hilbert, R-Bristow, and Sen. Zack Taylor, R-Seminole, that creates of the Driving on Road Infrastructure with Vehicles …
All that’s needed is approval from regulators and Summit Utilities, parent of Arkansas Oklahoma Gas Corp. will be the new owner of CenterPoint Energy’s natural gas operations in Oklahoma and Arkansas in a $2.1 billion deal. CenterPoint serves more than 7 million customers in Oklahoma, Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. CenterPoint’s Arkansas and Oklahoma gas …
BNSF railway already carries crude oil through Oklahoma but the company now says it is ready to handle any increased load if, and that’s a big ‘if’, the Dakota Access oil pipeline is shut down by the courts. Reuters reported the company, considered the railroad unit of Warren Buffett’s Berkshire Hathaway Inc. gave the …
After reaching nearly $65 a barrel in trading last week, crude oil prices took a plunge in Friday’s trading and it took Oklahoma energy stocks with them. West Texas Intermediate crude for June delivery dropped $1.43 to $63.58 a barrel in trading on the NYMEX, a loss of 2.20%. Global benchmark Brent crude for …
** Vitol Group is said to be near a purchase of Hunt Oil Co.’s Permian Basin oil wells in what would mark the biggest independent crude trader’s first major acquisition of U.S. production assets, according to people with knowledge of the matter. ** An underground nuclear waste storage tank in Washington state that dates to World War …
Continental Resources apparently likes the oil prices in recent weeks as the Oklahoma City-based shale oil producer indicated it plans on increased drilling operations in North Dakota’s Bakken shale field where founder Harold Hamm pioneered some of the state’s drilling operations. In a conference with investors, Hamm said nearly 70% of the company’s well …
Crude oil prices made another big jump in Thursday’s trading as US prices reached nearly $65 a barrel following a gain of 1.65%. West Texas Intermediate crude for May delivery increased $1.07 to settle at $64.93 a barrel in trading on the NYMEX. Global benchmark Brent crude for May delivery gained 1.85% on a …
A report by Reuters indicated that Oklahoma City-based Chesapeake Energy Corporation might be attempting to sell its South Texas assets. The wire service report indicated the oil-producing assets, which include more than 220,000 acres in the Eagle Ford shale basin could bring nearly $2 billion for the company. The assets produced 84,000 barrels of …
Texas-based Flowserve Corporation revealed this week its intention to close its Tulsa plant, a move that will affect 52 employees. Flowserve, a multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves to the power, oil, gas and chemical industries notified the Oklahoma Office of Workforce Development. …
The US rig count inched up by three in the last week to 521 as of April 28, according to Enverus Rig Analytics. The current count is up 5% in the last month and up 27% YOY and Oklahoma’s Chesapeake Energy is among those with increased activity. US activity levels have continued their …