** Hundreds of private jets, a major source of planet-warming carbon emissions, descended on Las Vegas for Super Bowl LVIII on Sunday. experts say the influx of aircraft is likely to have a downstream effect that will result in more emissions from congested streets. ** The annual Chicago Auto Show opened Saturday at McCormick Place, and for the …
Could low natural gas prices lead to a production cut?
As U.S. natural gas prices hit a three-year low this week, it prompted growing discussions and speculation that the gas industry should cut its prodduction. Prices are low because of a combination of things—a mostly mild winter and some recent LNG export plant outages. According to a report by Reuters, the production cut is …
Management firms show their ownership in Oklahoma energy companies
Some recent filings by Oklahoma energy companies with the Securities and Exchange Commission reveal percentage of shares owned by investors. Mammoth Energy filed a report showing Wexford Capital L.P. held 22,566,238 shares or 47.07% of the company’s total shares. Wexford is headquartered in Greenwich, Connecticut and has more than $5 billion of assets under …
Crude oil finished the week up 6%
Crude oil prices finished not only higher on Friday but also finished the week with a 6% gain from the previous week, thanks to growing concerns about Middle East oil supplies. West Texas Intermediate crude rose 62 cents or 0.8% to settle at $76.84 a barrel. Brent crude went up 56 cents or 0.7% and …
Nation’s rig count grew while Oklahoma declined
While the nation saw a gain in the number of oil and gas rigs, Oklahoma’s count slipped by one in the past week, according to the latest rig count released by Baker Hughes Co. on Friday. The national count saw a gain of 4 rigs to reach 623. The number of oil rigs held …
Tribes fight transmission line for Los Alamos lab
The National Nuclear Security Administration has run into opposition for an energy transmission line it wants to build in northern New Mexico. It’s coming from native Americans and environmentalists who object to construction across the protected Caja del Rio wilderness. The wilderness, located on the lower end of the Santa Fe National Forest, it …
Senator says his 30-year old tax credit bill turned Iowa into a wind farm state
Longtime Iowa U.S. Sen. Chuck Grassley credits a bill he successfully passed in Congress 30 years ago with turning Iowa into a wind energy leader. Writing recently in the Des Moines Register, the Senator credits his Wind Energy Incentives Act with making Iowa one of the nation’s leading states for wind farm development. “There …
Trench collapse killed worker near Shawnee—OSHA is investigating
OSHA is probing the trench collapse that left one construction worker dead in Shawnee Feb. 7. Shawnee police say it occurred as pipes were being installed for a new housing development and the walls of the trench collapsed, trapping the worker. Fellow workers were able to eventually free the man but he died at …
Big gain in crude oil prices following Israel’s rejection of Hamas ceasefire
Israel’s rejection of a ceasefire offer from Hamas prompted crude oil prices to shoot up more than 3% n Thursday. While crude prices rose, Israel bombed the southern Gazan city of Rafah. US benchmark West Texas Intermediate crude rose $2.36 or 3.2% to close at $76.22 a barrel on the New York Mercantile Exchange. …
Colder weather and snow to hit the state on Sunday
“It does look good for snow.” The forecast from Oklahoma Climatologist Gary McManus, who wrote in his Thursday Mesonet update that the National Weather Service says chances of snow on Sunday are 50% to 70%. The Weather Service says accumulations could be two to four inches. Other models say it could be more, maybe …