Ever since the Cushing hub hit a low of 21.3 million barrels the first of July, storage has slowly increased. The U.S. Energy Information Administration reported this week Cushing had an estimated 23.5 million barrels of crude oil in storage as of July 22. It was an increase of 700,000 barrels from July 15 …
New Mexico regulators stand accused of violating open meeting law
State regulators in New Mexico are accused in a complaint filed with the Attorney General of violating the state’s Open Meetings Act. The complaint was filed by the New Mexico Business Coalition against the Public Regulation Commission according to the Albuquerque Journal. Click here for Albuquerque Journal
U.S. and world headlines
** A Senate Democratic deal includes a new $4,000 tax credit for used electric vehicles and other new tax credits and grants for automakers to retool factories to build greener cars. ** The Biden administration is announcing several initiatives aimed at boosting the deployment of solar energy. One of the initiatives, from the Department of Housing and Urban …
FEMA Hosts Hazard Mitigation Assistance Summer Engagement Series
On Aug. 4, FEMA will kick off its 2022 Hazard Mitigation Assistance Summer Engagement Series. The 10-part series features experts and special guests who will provide information and insights on the Hazard Mitigation Grant Program, Building Resilient Infrastructure and Communities (BRIC) and Flood Mitigation Assistance (FMA) programs. Three webinars will be presented to provide an overview …
Record earnings for LSB Industries in OKC
Oklahoma City’s LSB Industries, Inc. reported record earnings this week, stating that its EBITDA was an all-time highest quarterly in company history. Adjusted EBITDA was $158.1 million compared to $46 million in the second quarter a year ago. Net sales were $284.8 million, up from the $140.7 million recorded in the second quarter of …
Bice says Biden and Democrats are out of touch
Congresswoman Stephanie Bice says it’s wrong for the Biden administration to be pushing a Green New Deal agenda while the country’s oil and gas prices remain near record highs. Writing in her weekly column, the Republican Representative from Edmond stated, “Instead of punishing hardworking domestic oil and gas producers, we must remove the Administration’s …
New wells reported by Canvas Energy
Canvas Energy LLC of Oklahoma City reported completions of two wells on a single pad producing more than 1,000 barrels of crude oil a day in Canadian County. Located at 3 12N 7W, a site at the northeast edge of the city of El Reno, the Marble wells were completed in March 2022. The Marble 1307 1smh-34, …
MidAmerican Energy abandons plan to add 30 wind turbines in Iowa
Some Iowa residents are celebrating what they consider to be a victory over Big Wind. It’s in Madison County where Forbes called it a win for the power of people. Click here for Forbes
Oklahoma energy stocks had a strong showing as crude prices rebounded
A day after a tumble in trading, crude oil prices managed a Wednesday rebound of more than $2 a barrel and Oklahoma energy stocks had a strong response. It came following a report of lower crude oil inventories in the U.S., a U.S. interest rate hike and cuts in Russian gas flows to Europe. West …
No delays in Oklahoma’s turnpike expansion plan
Efforts are moving quickly by the Oklahoma Turnpike Authority to push ahead with its turnpike expansion plan. The Authority on Tuesday signed off on making a $74.8 million payment to engineers reported The Oklahoman. Click here for The Oklahoman
