The Energy Information Administration’s report that crude oil inventories in the U.S. shed 8 million barrels last week apparently spurred higher crude oil futures on Wednesday. West Texas Intermediate crude for the December contract rose $1.3 or 3.8% to settle at $39.09 per barrel. Brent Crude, the benchmark on the ICE futures in Europe …
As votes were being counted in some states a day after the Presidential election, it was obvious that investors might have been nervous about the impact of the outcome. Energy stocks of Oklahoma energy companies, for the most part were down and some, like Alliance Resource Partners took a severe beating as its shares fell …
Just as election results in Oklahoma’s congressional races showed their importance in the energy industry, the same is said for some in Texas and New Mexico, both among the leading oil and gas producing states in the U.S. Texas Democrat Rep. Lizzie Fletcher won her reelection race in what is described as one …
With a 10% margin of victory over a Democrat challenger, Republican Jim Wright won election Tuesday to the Texas Railroad Commission, extending the Republican party’s control of the energy regulatory agency. Wright, owner of an oilfield waste services company, beat Chrysta Castaneda with a reported 53 to 43% margin while a Libertarian candidate and …
Two days after Oklahoma Corporation Commission Chairman Todd Hiett won re-election, he and commissioners Bob Anthony and Dana Murphy will hold their regular meeting on Thursday. Unless the commissioners decide to attend in person, it will be another virtual meeting that begins at 9:30 a.m. One item of interest is a discussion and possible vote …
Questions remain how ExxonMobil’s layoff of 1,900 workers across the U.S. will affect Oklahoma. Bill Hancock, Business Services and Rapid Response Coordinator for the Oklahoma Office of Workforce Development says the layoffs occurred in back office and production. “Wilson, Oklahoma (west of Ardmore) has a few people in production. I do not know if …
A federal court case has stalled plans by Entergy Arkansas to shutdown two of its coal-fired power plants. While Entergy says it planned to move ahead with the closures of the plants in Newark and Redfield, National Public Radio reports that Wyoming spent political “dark money” to derail the plans. Arkansas Business reports that the …
Voters in Arkansas voted this week to permanently extend a half-cent sales tax for highways. Arkansas Business reports the tax had the support of Republican Gov. Asa Hutchinson as well as the Arkansas State Chamber of Commerce and the Arkansas Trucking Association. But it had been opposed by the Sierra Club and Americans for …
** Louisiana voters approve a ballot measure to adjust property tax rates on oil and gas wells based on whether they’re in production, according to S&P Global. ** E and E News reports the fate of legislators in Pennsylvania who favor more aggressive climate and clean energy action could be unclear for days as votes continue to be counted. ** Voters approve a …
Drilling interest in Oklahoma is slowly picking up according to the permits to drill approved by Corporation Commissioners. This week’s permits show Citizen Energy III LLC received a permit to drill the LATHAM #2H-14-23, in Canadian County. The drilling site is several miles southwest of the city of El Reno near the Canadian River. 07 …