As more and more oil and gas rigs were put into storage, the Oklahoma Energy Index contracted again last month as employment and rig activity continue to fall. Payroll employment of exploration and production companies fell to just over 34,000 jobs, a level of employment last seen in 2005. At the same time, Oklahoma …
Oral arguments will be heard Wednesday before an Oklahoma Corporation Commission Administrative Law Judge in the efforts of the city of Moore to force the Burlington Northern Santa Fe railway to pay for an underpass. The Corporation Commission will hold a special meeting at 10:30 a.m. but because of the COVID-19 pandemic, there will …
Oklahomans are paying 2 cents less per gallon of gas this week at an average of $1.86, the fourth lowest in the country, according to AAA Oklahoma. Slight volatility was enough to drive the national average down a penny from last Monday to $2.17. Today’s average is two cents less than last month and 49 cents cheaper than a year …
As Congress wrestles with another possible COVID-19 relief package, some Oklahomans in Congress are pushing their projects even as President Trump took things into his own hands over the weekend when Democrat leadership in the House couldn’t reach a compromise on how much aid should be given by the government. For instance, Rep. Frank …
** A stranded Japanese-owned oil tanker, sailing under the Panamanian flag, has breached and is flooding waters of the Indian Ocean island nation of Mauritius with fuel. The MV Wakashio ran aground on July 25 and cracks have since emerged in the hull after strong winds battered the ship. Some of its 4,000-ton load has …
A new law in Wyoming allows wind energy companies to dispose of old wind turbine blades in former coal mine pits. The decommissioned wind turbine blades can be used as backfill material in reclaiming surface coal mine sites. But the Casper Star-Tribune reports first the state needs to set the rules. Wyoming environmental regulators …
After Austin, Texas beat Tulsa, Oklahoma for the site of the new Tesla truck factory, Tesla didn’t wait long to begin work on the new massive plant. Work started three weeks ago on the $1.1 billion vehicle assembly plant that could become Tesla’s largest ever. The California-based company has only one other plant in …
Oklahoma City’s Chesapeake Energy Corp. has been fined by the Occupational Safety and Health Administration over a deadly drilling rig explosion that happened in January in Texas. Two other oil production companies were fined along with Chesapeake Energy for a total of $387,273 over the Jan. 29 explosion that killed three workers. The …
After completing over $500 million worth of asset sales since its spin off from Linn Energy, Riviera Resources Inc. is now looking to exit the upstream space altogether and focus on Oklahoma assets. In announcing its second quarter results, the Houston-based oil and gas company indicated it will continue selling its remaining upstream assets …
Congress gets a big thank you from some biofuels supporters in the Midwest. As the Oklahoma Farm Report indicated this week, the thank you came from the group called Growth Energy. Click here for the story.