The Cushing oil hub has stopped its crude supply slide as new figures show the amount in storage as of the first of July was the same as a week earlier. The U.S. Energy Information Administration reported Cushing held 21.3 million barrels of oil as of July 1, the same amount reported on June …
Oklahoma oil drillers active across the U.S.
This week’s Enverus Foundation rig report showed a decline of one rig, leaving 820 active rigs in the U.S. It also revealed how active Oklahoma players are in the various shale plays around the country, including Devon Energy, Continental Resources and Chesapeake Energy. The count was as high as 833 in the last week, …
OKC Water Trust keeps high bond rating
The Oklahoma City Water Utilities Trust recently received a reaffirmation of its bond rating issued by S&P Global Ratings and Moody’s Investor Services. Standard & Poor’s and Moody’s reaffirmed the AAA and Aaa ratings which put the Water Trust among the top 7% and 5%, respectively, for municipal water and wastewater utilities. The reaffirmed …
COVID cases nag Corporation Commission
COVID-19 is still causing problems for Oklahoma regulators. At least 13 employees of the Oklahoma Corporation Commission tested positive in June and already this month, two more fell into the same classification. “I don’t think our friend COVID is going away any time soon,” said Brandy Wreath, Director of Administration in an update with …
Opposition grows in Iowa to carbon capture pipelines
The three carbon dioxide capture pipelines proposed across Iowa have resulted in a growing coalition of farmers and others fighting the projects. The opponents also include environmentalists and Indigenous groups reported The Guardian. Click here for The Guardian
New Mexico legislators consider gas tax replacement
Road usage fees. It’s what New Mexico state legislators are considering as electric vehicles hit the highways and more and more vehicles have better gasoline mileage. Members of a Transportation Infrastructure Revenue Subcommittee met this week to discuss how those fees might replace the gas tax which raises funds for highway maintenance and repair …
8-state EV charging network to be developed
Eight western states, including New Mexico and Colorado are part of a collaborative efforts to create the largest electric vehicle corridor in the U.S. Leaders reached an agreement to develop the country’s biggest charging network, one that will even offer services into rural areas reported Town Lift. Click here for Town Lift
Unit Corporation executive steps down
Nearly two years after he gained a promotion amidst an executive leadership shakeup at Tulsa’s Unit Corporation, Senior Vice President and Chief Operating Officer David P. Dunham is leaving the energy company. His departure was announced this week in a filing with the Securities and Exchange Commission in which Unit Corporation stated that he …
Falling Continental Resources shares make Hamm’s offer look stronger
Billionaire Harold Hamm’s $70 a share offer to take Continental Resources private might be looking more and more attractive these days. Especially since prices for a share of the company he founded in the late 1960s have fallen since he made the offer in mid-June. Three weeks later and Continental shares have dropped closer …
Canoo delays plant construction in Oklahoma
Electric vehicle maker Canoo now says its plant in Pryor in northeast Oklahoma won’t be completed until 2024 while the manufacturer deals with money issues. Canoo announced earlier in the year it intended to build the manufacturing plant in Oklahoma and also move its headquarters to Bentonville in Northwest Arkansas. Click here for KNWA …
