Despite what you might have read elsewhere, there is no formal investigation underway by the state into the drunken shenanigans of Corporation Commission Chairman Todd Hiett. Some reports suggested there was vote on Wednesday by the commission, but in the confusion it did not focus on the allegations that a reported drunken Hiett tried …
Crude oil prices and OK energy stocks lost in Thursday’s trading
Thursday’s crude oil trading saw prices fall more than $1 a barrel and according to analysts appeared to be mostly unaffected by this week’s bombing death of a Hamas leader in Iran. Reuters reported investors instead turned their attention to concerns about worldwide oil demand. It came a day after benchmarks rose 4% in …
Saharan desert sand revists Oklahoma
The Saharan desert dust has returned to Oklahoma and as a result, the Department of Environmental Quality issued a health advisory for Thursday. A large segment of the state fell under the advisory as dust filled the air and reduced visibility. The DEQ explained the advisory was necessary because of ” Fine Particulate Matter …
Kimray introduces emissions reduction product
Oklahoma City’s Kimray Inc. unveiled this week its entry into the world of attempting to reduce emissions in the oil and gas industry. The company released a new product, the Electric Actuator. “When customers pair the Electric Actuator with a control valve, they know they will receive durable, emissions-free control of their separation …
Energy briefs
** Bipartisan legislation aimed at speeding up approvals for new energy projects advanced to the full Senate Wednesday. The legislation, put forward by Sens. Joe Manchin (I-W.Va.) and John Barrasso (R-Wyo.), sailed through committee in a 15-4 vote. The lawmakers who opposed the legislation were Sens. Ron Wyden (D-Ore.), Bernie Sanders (I-Vt.), Mazie Hirono (D-Hawaii) and Josh Hawley (R-Mo.), reported The Hill. ** Refiner HF …
Drop in 2Q earnings for LSB Industries
Oklahoma City’s LSB Industries reported a second quarter drop in net sales and net income, but leadership still considers the company had a solid cash flow. Company executives also believe the prices have stabilized following the instability and price hikes of two years ago. Net sales were $140 million compared to $166 million a …
Wind power company experiences drop in earnings
ALLETE, Inc., the Minnesota-based company with major wind farms in Oklahoma suffered a significant drop in earnings in the second quarter. Forced outages at the company’s two wind farms in Oklahoma played a role in the decline. Earnings were 57 cents a share on net income of $33 million compared to 90 cents …
Question–is Kamala Harris lying about no longer wanting a fracking ban?
The question some in the energy industry asked this week—is Vice President Kamala Harris lying when she claims she no longer supports a ban on fracking in the oil and gas industry? After being a major proponent of a fracking ban five years ago when she dropped out of the race for President, Harris …
Enviros call court ruling against Williams Cos. pipeline “incredible victory”
While oil and gas industry supporters viewed this week’s federal court ruling that halted the Williams Cos. from expansion of its major gas line serving northeastern states, others called it a big win for environmentalists. Take for instance the headline in the New Jersey Monitor…New Jersey being one of the states to be …
Big gain in oil prices on killing of Hamas leader in Iran
Crude oil prices said goodbye Wednesday to seven-week lows and rebounded nearly 3%—largely on the killing of a Hamas leader in Iran. Plus, there are the increased tensions in the Middle East over the attack, not to mention a sharp reduction in crude oil stockpiles across the U.S. West Texas Intermediate crude gained $3.02 or …
