Oklahoma U.S. Sen. Markwayne Mullin made it clear in a recent Senate Committee hearing he thinks the production of plastic in the U.S. is not the problem that Democrats and environmentalists contend it is. He thinks there is a plastic handling problem. “Some witnesses today might make statements that plastics are harmful to your …
A new Texas Tech University study shows the oil and gas pipeline industry had a more than $60 billion economic output in Texas in 2022. The study was conducted by the University’s Center for Energy Commerce and showed the industry’s economic output in 2022 was $60.5 billion and also provided more than $34 billion …
Some of the air in northeast Oklahoma remains unhealthy for those with certain kinds of breathing challenges. That’s why the Oklahoma Department of Environmental Quality issued another ozone alert for the Tulsa metropolitan area for Friday, June 16, 2023. This alert will initiate the issuance of an “Ozone Alert Day” for the Tulsa area by the Indian …
It’s been three years since EV maker Canoo experienced the kind of trading day it had on Thursday. Shares rose nearly 18% in trading on Wall Street before closing at 66 cents a share. The price gain was $0.099 or 17.57% for the company that in recent weeks was in cash problems. Three years …
Thursday’s trading brought about a 3% gain for crude oil prices as they reached a one-week high and also resulted in 4% gains for Oklahoma energy stocks. The weaker U.S. dollar and a jump in refinery runs in top crude importer China were responsible for the increased oil prices. West Texas Intermediate crude, the U.S. …
One year ago Thursday, the Oklahoma gas price average reached $4.67 per gallon, setting an all-time record high. It’s almost like a bad dream. But gas prices in the state have dropped 31% since last year, with today’s gas price average sitting at $3.21 per gallon reported AAA. This year, recession fears due to …
One of the latest acquisitions in the Permian Basin was announced by Northern Oil and Gas, Inc. It reached a deal to acquire a 33.33% undivided stake in the Novo Assets in partnership with Earthstone Energy. Purchase price? $500 million in cash and subject to customary closing adjustments according to the announcement. The assets …
Years after Denver-based DCP Midstream expanded its natural gas gathering assets into Oklahoma, the company’s sale in a $3.8 billion by Phillips 66 has been finalized. Phillips announced this week the completion means it now owns 86.85 of DCP Midstream. The deal included an acquisition of all the publicly held common units representing limited …
Nearly six years after Hurricane Maria devasted Puerto Rico, Oklahoma City’s Cobra Acquisitions, a wholly owned subsidiary of Mammoth Energy Services, has been paid nearly $11 million for its work in restoring electrical power to the island nation. It hasn’t been easy since the company has been in a legal fight with FEMA and …
It’s called the Pay Less at the Pump Act and was introduced in Congress this week by U.S. Sens. James Lankford and John Barrasso, a Republican from Wyoming. Their plan is to lower energy prices for American families by repealing the $10.5 billion “Superfund Tax” on American energy production. “As I predicted, the so-called ‘Inflation …
