While Oklahoma U.S. Sen. James Lankford is in the middle of the immigration negotiations over the Texas border with Mexico, he is also calling on the Biden administration to revoke its new fuel standards he contends are meant to drive people toward electric vehicles. In other words, pull the plug on the pro …
Helmerich and Payne stocks jumped after release of earnings report
Investors obviously liked the earnings report this week from Tulsa’s Helmerich & Payne as the company’s stock rose more than 12% following news of increased earnings. Trading closed Tuesday with a gain of $4.36 or 12.02% per share settling at $40.62. It came after the company reported net income of $95 million or 94 …
NGL’s 3Q earnings report coming next week
NGL Energy Partners LP plans to issue its fiscal third quarter report next week. The company will release the earnings report after the close of markets on Thursday, February 8 and old a conference call at 4 p.m. Central Time. NGL’s management team will discuss the financial results with analysts, investors and others. …
Dallas companies to pay $7.4 in fines over 2022 oil spill near Cushing
Two oil and gas companies have agreed in Oklahoma City federal court to pay $7.4 million in Clean Water Act penalties following a July 2022 underground pipeline rupture that leaked more than 7,100 barrels into Skull Creek north of Cushing. The agreement was made by Holly Energy Partners-Operating and Osage Pipe Line Co. …
Energy quick reads
** The U.S. State Department on Tuesday indicated that it would reimpose sanctions on Venezuelan oil without further election reforms. ** California Gov. Gavin Newsom (D) is committing to the removal or circumvention of several long-disputed dams in a bid to revive the state’s salmon. ** The Federal Emergency Management Agency (FEMA) will compensate local and state …
Crude up and Oklahoma energy stocks up following Tuesday’s trading
Crude oil prices finished up as did Oklahoma energy stocks with one firm recording a 12% gain for the day’s trading. Prices of crude went up because of the growing tensions and worries about the U.S. response to the deaths of three American soldiers killed in Jordan. US benchmark, West Texas Intermediate crude …
Amtrak passenger train derailed in Colorado after hitting milk truck
A close call for passengers on board Amtrak’s California Zephyr as it rolled along in northern Colorado Monday night. The train, filled with 69 passengers, hit a milk truck that was on the tracks about 35 miles northeast of Denver near the town of Keenesburg and some of the cars decoupled. One Amtrak worker …
Stored fuel presented dangerous situation for OKC firefighters
(KOCO TV) An auto collision center was destroyed by fire early Tuesday morning along I-35 in Oklahoma City but not before it posed a potential disaster for firefighters. Nearly 300 gallons of fuel stored inside the structure on I-35 Service Road near Southeast 59th Street prevented firefighters from entering the burning building. It created …
OKC’s Will Rogers World Airport had 11% increase in passengers in 2023
The number of passengers that flew in and out of Oklahoma City’s Will Rogers World Airport last year grew by 11% over 2022. Oklahoma City reported the 2023 passenger use totaled 4,400,049, an increase over the 3,951,333 passengers who used the airport in the prevous year. But, it wasn’t a record. The numbers came …
Monday’s temperatures were the highest of the year to date
The Oklahoma Mesonet reports temperatures across the state on Monday were at their highest for the year. Climatologist Gary McManus says the statewide average high was 69.2 degrees, highest of the month and a year….plus “a massive jump from the 8.9F we suffered through back on Jan. 14.” He also said it was the warmest …