This massive piece of equipment rolled off its trailers on Saturday near Temple, Texas, crushing a car and killing two people while critically injuring a third person in the car. It took rescuers nearly four hours to remove the driver from the crushed car. The incident happened as the oversized piece of eqipment …
Oklahoma remained steady with rig numbers while nation’s count dropped 6
The nation’s number of active oil and gas rigs dropped by six in the past week, reported Baker Hughes Co. The count dropped to 613 while Oklahoma held stead with 44 active rigs, still down from the 59 reported a year earlier. Nationally, the numbers included a decline of 5 oil rigs to 506 …
Attorney General says price gouging law is in effect following storms in Oklahoma
The Emergency Price Stabilization Act is in effect in the 12 Oklahoma counties hard hit by Saturday night’s tornadoes. The counties are Carter, Cotton, Garfield, Hughes, Kay, Lincoln, Love, Murray, Okfuskee, Oklahoma, Payne and Pontotoc. The law, also referred to as the price gouging statute, prohibits an increase of more than 10 percent for the …
Tinker AFB prepares resurrected B-1B bomber for return to service
A retired B-1B Lancer is undergoing extensive maintenance at Tinker Air Force Base after being pulled out of the Air Force’s Boneyard to replace one badly damaged in a 2022 engine explosion at Dyess Air Force Base, Texas. The plane was made air worthy earlier this year and flown to Tinker in February …
Storms leave four dead, heavy damage in Oklahoma cities and thousands without power
The count remains unconfirmed but possibly up to three dozen or more tornadoes hit Oklahoma on Saturday, leaving four persons, one a baby, dead in the town of Holdenville and heavy destruction in the southern towns of Sulfur, Ardmore and Marietta. Two of the deaths happened in Holdenville, located about 75 miles southeast of …
Train derailment and fire force closing of Interstate 40 in New Mexico
The derailment of 35 rail cars and following explosion and fire resulted in a shutdown of Interstate 40 for most of the weekend in western New Mexico near the Arizona state line. The closure involved a nearly 50-mile stretch of the interstate because six of the derailed BNSF Railway cars were carrying propane. The …
House members move to kill Biden’s anti-gas car regulations at EPA
Led by Georgia Republican Congressman Andrew Clyde, some 30 House Republican Representatives are going after President Biden’s latest regulations to put gas-powered vehicles out of business. No Oklahoma House members were part of the effort on Friday to file the bill under the Congressional Review Act, a law dating back nearly three decades that …
Crude oil finished the week with gains
Oil prices ended Friday with gains for the day, largely because of the growing tension in the Middle East. West Texas Intermediate rose 28 cents or 0.34% to close at $83.85 a barrel on the New York Mercantile Exchange. Brent crude finished up 49 cents or 0.55% to $89.50 a barrel on ICE Futures Europe. …
West Texas pipeline fire prompts force majeure declaration
Kinder Morgan declared force majeure after one of its west Texas natural gas pipelines caught fire and burned for most of Friday. The Houston company filed a notice of its force majeure declaration for part of the Lockridge Lateral segment of the Natural Gas Pipeline of America system. Click here for Reuters
Chesapeake Energy moves ahead with shareholders meeting but not a vote on its merger
Awaiting Federal Trade Commission review of its proposed more than $7 billion merger with Southwestern Energy, Oklahoma City’s Chesapeake Energy is moving ahead with its annual shareholders meeting. However, shareholders at their Thursday, June 6, 10 a.m. central time virtual meeting will not be asked to vote on the proposed merger which is an …