Crude oil prices took a mean hit on Tuesday, tumbling by $3 a barrel after U.S. Fed chairman Jerome Powell’s comments about the economy simply fueled rate hike fears. West Texas Intermediate crude nose-dived by $2.88 a barrel or 3.6% to close at $77.58 on the New York Mercantile Exchange. Brent crude fell even …
While the electric deregulation bill authored by Edmond State Rep. Ryan Martinez is dead this legislative session, his efforts were still praised by the Alliance for Electrical Restructuring in Oklahoma. AERO’s executive director Mike Boyd praised Martinez for being willing to introduce a serious policy proposal to restructure the state’s electricity market by introducing …
The man who founded Love’s Travel Stops & Country Stores, Tom Love died this week. He was 85 and his nationwide firm he started in 1964 released a statement confirming his death. “Tom Love was a man of conviction who never wavered from the principles of honesty and integrity in the 59 years …
Congresswoman Stephanie Bice (R-OK) introduced the Bureau of Land Management (BLM) Mineral Spacing Act this week, a measure she says would cut red tape created by “stifling regulations from the Biden administration.” The bill would streamline and improve the permitting process for energy development, remove duplicative regulations, and better respect the rights of private …
A bill requiring financial security by a renewable energy recycling operation won support this week in the Oklahoma House of Representatives. HB 2359 targets businesses that might dispose of or recycle wind turbine blades and was passed in the House on a 93-0 vote after its title was struck in committee. The measure will …
Environmentalists resorted to a lawsuit this week in a move to stop the Biden administration from opening up more than 73 million acres of the Gulf of Mexico to oil drilling. Several groups filed a federal court legal challenge to the Department of Interior’s sale of oil and gas leases in unleased areas about …
Mewbourne Oil Company, the firm headquartered in Tyler, Texas, reported completions of two oil wells in northwest Oklahoma near the town of Arnett. The Terryn 8/17 Cn 1h, located at 5 19N 25W which is 7 miles west of Arnett, produced 675 barrels of oil a day and 1,248 Mcf of natural gas …
A new wind farm is planned in northeast Oklahoma near the state line with Kansas. Apex Clean Energy plans to lease 45,000 acres of Nowata County land for the Hickory Creek Project which will entail between 100 and 150 wind turbines along with solar and battery components reported News on 6 TV News. The project will …
Gasoline prices in Oklahoma and across the U.S. rose slightly this week, reaching a new national average of $3.41 a gallon and an average of $3.07 in the state. AAA reported the national average rose 6 cents a gallon from a week ago and is only 4 cents lower than the $3.45 average recorded …
The Oklahoma House passed a bill this week to add natural gas to the list of exemptions from the anti-price gouging restrictions. HB2561 by Moore Rep. Mark McBride was approved on a vote of 81-12. As Fox 25 News reported, the measure would essentially allow the price of natural gas to increase over 10% …
