Despite the surge in travel over the long Memorial Day weekend, the national average for a gallon of decreased by one cent since last week to $3.56 per gallon. In Oklahoma, the gas average is $3.22 today, down two cents in the last week and $1.04 lower an one year ago. According to new …
Oil and gas rig counts keep falling in Oklahoma and other states
See those rigs stacked beside one another. They are not drilling for anything. They are in storage as the nation saw another dramatic drop in the number of oil and gas rigs drilling for oil and gas across the nation. Another week. Another dramatic drop in the number of active oil and gas drilling …
Forever chemicals in New Mexico lead to lawsuit by Attorney General
A lawsuit has been filed by New Mexico Attorney General Raul Torrez over the manufacture of those so-called “forever chemicals” in his state. Torrez accused 21 companies of contributing to environmental contamination in his state and knowing for decades how dangerous the compounds are to humans. “We have to step forward and try to …
Friday proved to be a strong day for crude oil and Oklahoma energy stocks
Crude oil and Oklahoma energy stocks recorded a strong trading day on Friday as crude prices rose 2% while stocks rose 5, 6 and 7% in some local cases. Crude went up after Congress passed the debt ceiling deal that averted a government default. West Texas Intermediate crude rose 2.3% or $1.64 to close at …
Austin, Texas reaches agreement with other utilities for emergency help
Mutual aid agreements are common practice among law agencies and fire departments to be implemented in the event of emergencies. The mutual aid agreement approved this week by the city of Austin, Texas is with neighboring utilities. It came about because of t he February ice storm that paralyzed the city and led to …
New Executive VP named at LSB Industries
LSB Industries, Inc. in Oklahoma City announced that Ashley McKee will join the company as Executive Vice President and Chief Human Resources Officer, effective June 5, 2023. McKee will join the executive team reporting directly to Mark Behrman, LSB’s President and Chief Executive Officer. McKee joins LSB from Williams Companies, where she served in …
Energy headlines from around the world
** Folded into the debt-ceiling bill that passed the Senate on Thursday are measures that could speed up the building of energy projects in the US. They are an update of the National Environmental Policy Act, or NEPA — long a punching bag for critics on both sides of the aisle who say the environmental permitting process for new projects takes too long …
Crude oil and LNG exports mean a busier Port of Corpus Christi
Increased LNG exports are leading the way for a busy Port of Corpus Christi in Texas. The Federal Reserve Bank of Texas reported how the ship channel is being made deeper and wider to accommodate more oceangoing carriers of crude oil and LNG. Dallas Fed President Lorie Logan recently toured the Port and was …
No surprise here—record month of May for tornadoes in central Oklahoma
Central Oklahoma has often been characterized as a haven for tornadoes, with some of that perception based in reality—and myth. There has been nothing mythical about that reputation in 2023, however according to the Oklahoma Mesonet. At least 11 tornadoes touched down in central Oklahoma on May 11, adding to persistent tornadic activity in that region during …
Lankford’s cybersecurity effort introduced in the Senate
Oklahoma U.S. Sen. James Lankford was joined this week by several other Senators in introduction of an act to improve the government’s cybersecurity. He and Democratic Sen. Jacky Rosen of Nevada are co-founders of the Senate Abraham Accords Caucus and were joined by fellow caucus members Senators Joni Ernst (R-IA), Cory Booker (D-NJ), and …
