Crude oil prices gained about 1% in Wednesday’s trading while Oklahoma energy stocks had a stronger day with one oil company seeing a nearly 15% gain for the day. Growing U.S. crude inventories also dampened any hopes for higher demand. West Texas Intermediate crude rose 64 cents or 0.8% to settle at $77.69 on …
Cushing’s buildup of stored crude oil continues to grow
The slow buildup of crude oil in storage at Oklahoma’s Cushing hub is part of what has happened nationally—more and more oil is in storage. The nation’s crude inventories rose to their highest since May 2021 and represented the 10th straight weekly increase. Cushing held 40.7 million barrels as of Feb. 24, according to …
GOP governors push for energy diversification
It would appear Oklahoma Gov. Kevin Stitt’s call for more energy diversification, one he made in his early February State of the State address to the state legislature, isn’t a lone call in the wild. Other Republican governors have made similar calls even as GOP legislators are pushing anti-ESG acts and laws. Bloomberg recently …
Denver to ban natural gas furnaces and water heaters
The city of Denver, Colorado has joined the list of those places where some natural gas will be banned from use in some buildings. The city’s new building codes that take effect in 2024 will ban natural gas furnaces and water heaters but not gas cooking stoves. Officials say it shows the city’s commitment …
State House committee to take up HOA bans of residential solar systems
Ardmore Rep. Tammy Townley’s bill to bring an end to Home Owners Association’s from banning the installation of solar energy systems goes before a state House committee on Thursday. The House Utilities Committee will meet at 10:30 a.m. at the Capitol to consider3 bills, including HB1023 by Rep. Townley. The House member explained recently …
California energy firm acquires 545 wells in Oklahoma and Kansas
California-based Foothills Exploration, Inc. announced the acquisition of 545 wells and leases in Oklahoma and Kansas and plans to return many of them to production. Headquartered in Los Angeles, the company obtained the wells through the 100% acquisition of Jubilee Exploration, LLC, an Oklahoma limited liability company. Jubilee owned the wells in northeastern Oklahoma …
Investors sought by ONEOK
The latest effort by ONEOK executives to seek new investors involves two conferences. The company said it would take part in the Barclays Investment Grade Energy and Pipeline Corporate Days to be held March 1. The second effort was the Morgan Stanley Global Energy and Power Conference scheduled for March 2. ONEOK, Inc. is …
Kansas moves closer to restricting wind farm lights at night
The idea of putting restrictions on the night-time red lights flashing on wind farm towers is gaining ground in Kansas where such a bill won early support. At the same time, wind farm operator NextEra Energy agreed to employ radar-activated lights that remain off unless an aircraft approaches. The agreement involved wind farm operations …
House Ways and Means Committee to hold field hearing in Yukon
Members of Congress—those who sit on the U.S. House Ways and Means Committee will gather next week at the Express Clydesdales in Yukon. It’s not to visit with the large horses but to hold a second field hearing examining the state of the economy for American workers, farmers and families. Committee Chairman Rep. Jason …
Lucas fights what he calls SEC’s “deeply flawed rule” on climate change
ESG and climate change were the focus of a House Agriculture Hearing this week where Oklahoma Congressman Frank Lucas voiced opposition to efforts of the Securities and Exchange Commission to make farmers and ranchers start using a new disclosure rule. The climate disclosure rule was the top of the Ag Committee’s hearing on “Uncertainty, Inflation, …
