The Biden administration continued its first sale Thursday of oil and gas drilling rights on federal land in Oklahoma and 7 other states following weakness industry response at the start of the sales on Wednesday. Oklahoma has only a few lease availabilities compared to such states as New Mexico, Wyoming and Colorado. Wyoming has …
More detailed testimony to come in OGE rate hike case
A fourth day of testimony will be heard Thursday by a judge in the Oklahoma Gas and Electric rate increase case after Wednesday’s hearing resulted in a failed attempt to produce a negotiated settlement. OGE originally filed a request last year for a $163.5 million rate increase but earlier in June agreed with some …
Crude oil losses spread to OK Energy stocks
Increased U.S. gasoline inventories and growing concern about slower economic growth around the world sent crude oil prices falling nearly 2% in Wednesday’s trading. Oklahoma energy stocks also recorded big losses for the day. West Texas Intermediate crude for August delivery dropped nearly $2 a barrel to finish the day at $109.78 in trading …
Cushing hub continues slow slide in crude storage
The drop in the amount of crude oil held in storage at the Cushing Hub in northern Oklahoma has been slow but steady since the first of the year. As of this week, the Hub held 21.3 million barrels of crude oil, according to the latest Petroleum Report issued by the U.S. Energy Information …
Corporation Commission issues “phishing” warning
State officials are warning Oklahomans about an apparent illegal “phishing” attempt to use the internet to obtain information by posing as the Oklahoma Corporation Commission. Who’s being hit the most? Oil and gas operators according to a spokesman for the Commission. In a notice issued Wednesday, the Commission advised those receiving any email notice …
Run-off election needed to decide Republican candidate for Oklahoma Corporation Commission
The race to pick a new Oklahoma Corporation Commissioner on Tuesday resulted in a run-off election slated for August between the two top candidates. Neither Kim David nor Todd Thomsen received more than 50% of the votes so a run-off for the Republican nomination will be necessary on August 23. David, the former State …
Federal Reserve says Oklahoma’s farm economy is slipping
Oklahoma’s farm economy isn’t as strong as those in surrounding states and will likely slip in the coming months, according to a new report by the Oklahoma City Branch of the Federal Reserve of Kansas City. The branch issued its latest issue of the quarterly publication the Oklahoma Economist, titled “Oklahoma Ag Economy Diverges …
Kingfisher and Canadian counties yield more oil production
Kingfisher County continues yielding some sizeable oil producers—the latest being drilled by the Oklahoma energy firms of Hinkle Oil & Gas and Tapstone Energy. Hinkle Oil & Gas of Oklahoma City reported production of more than 1,800 barrels of oil a day from four wells on a Kingfisher County single pad. Located at 17 17N …
Laredo adds two new members to Board of Directors
Two new members of the board of directors at Tulsa-based Laredo Petroleum were recently added, including one with experience in electric vehicle and social power development. Laredo Petroleum, Inc. announced that John Driver and Shihab Kuran have been appointed as independent members of its Board of Directors, effective 24, 2022. Driver is a technology entrepreneur and innovator with leadership experience …
Broadband expansion coming to Yukon
A broadband company with operations in South Dakota and Minnesota is expanding its business to Oklahoma. Vast Broadband is seeking a franchise agreement with the city of Yukon according to the Yukon Progress. Click here for Yukon Progress
