Oklahoma maintained its rig count at 10 in the past while the nationwide oil and gas rig numbers dropped by two to reach 263 according to the latest service figures released by Baker Hughes Co. A year ago, Oklahoma had 97 active rigs. Nationally, the drop in rigs in the past week included the …
Gasoline prices in Oklahoma and across the rest of the U.S. have held steady as the nation enters the July 4th holiday weekend with national prices averaging $2.17 a gallon. Oklahoma’s average is $1.90 per gallon, same as one week earlier. AAA Oklahoma reports the average price in Oklahoma City is $1.93, a penny …
Oklahoma climatologist Gary McManus says this week’s scorching summer weather is an indication that not only will the high temperatures continue to grow, but so will the state’s drought. Writing in his Thursday Mesonet Update, McManus said, “All signs point towards more drought intensification and spread through the month. And the outlooks for late next week into …
Oklahomans split their votes on party-lines Wednesday when the U.S. House of Representatives okayed the Democrats’ $1.5 trillion infrastructure plan Moving Forward Act and Republicans didn’t hold back their criticism. Rep. Kendra Horn, a day after winning her primary election for the Democratic nomination in her 2nd Congressional District voted for the measure. But …
** On Friday, President Trump will travel to South Dakota for his Fourth of July event at Mount Rushmore. The event, which will draw thousands to the area, will not require attendees to wear masks and has been strongly opposed by tribes. On Monday, South Dakota Governor Kristi Noem declared that social distancing will not be enforced at the event, and although masks …
The Oklahoma Transportation Commission will hold its monthly meeting by video teleconference at 11 a.m. Monday, July 6 due to COVID-19 precautions. Secretary of Transportation and Oklahoma Department of Transportation Executive Director Tim Gatz will report on the agency’s ongoing effort to improve the state’s public transit program for elderly and disabled Oklahomans, as well as development of …
In spite of a sharp downturn in oil and gas production tax collections, the Oklahoma economy displayed signs of resiliency in June, State Treasurer Randy McDaniel said as he released the monthly Gross Receipts to the Treasury report this week. But the June collections continued showing how weak Oklahoma’s oil and gas industry has become …
The US Department of Transportation Federal Highway Administration has identified the stretch of Interstate-25 between Santa Fe and Albuquerque as the state’s first electric vehicle and compressed natural gas ready “alternative fuel corridor.” Until this designation, New Mexico was one of only four states without a single alternative fuel corridor, according to the Santa Fe Reporter. …
A Wisconsin-based frac sand mine operator with seven operations in Oklahoma has filed Chapter 11 bankruptcy, blaming largely the COVID-19 pandemic and falling oil prices. Covia filed Chapter 11 bankruptcy this week saying a restructured plan negotiated with lenders will eliminate more than $1 billion in fixed costs. The Ohio-based company said it has more …
Oklahoma and three other states will be the site of a large 2.3-gigawatt portfolio of wind and solar projects proposed by the North American arm of European energy giant Engie SA and climate-focused investor Hannon Armstrong. The two will split equity ownership of the Engie-developed portfolio, with that company maintaining a 51 percent majority interest …