Oklahoma officials who were behind a proposed hydrogen hub with Arkansas and Louisiana were left disappointed Friday when the Biden administration chose other clean-energy projects in seven states to be eligible for $7 billion in government funding. The HALO Hydrogen Hub was not among those chosen by the Biden administration. The proposal by the …
The number of active drilling rigs in the U.S. increased in the past week while Oklahoma’s count was unchanged. Baker Hughes Co. released its rig count on Friday showing Oklahoma stayed at 37, same as a week earlier but far below the 65 rigs reported one year ago. Nationally, the count increased by 3 …
Growing concern that a ground war by Israel into the Gaza Strip might widen the fighting in the Middle East sent crude oil prices shooting up nearly 6% on Friday while Oklahoma energy stocks scored strong gains too. The marked increase in prices occurred a week after Hamas carried out a deadly attack in southern …
** Federal authorities say they will not be investigating the Monday derailment of a Union Pacific Railroad train that was carrying Fort Carson equipment home from California. ** Offshore oil and gas permitting under President Biden has fallen to a low the energy industry has not experienced since the Bush administration two decades ago, according to federal …
How’s this for a payout? $151 million. It’s what Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield is in line to receive in the $60 billion acquisition of the company by Exxon Mobil. He’s 71 and has been the leader of Pioneer for more than 20 years. His payout would be mostly …
Oklahoma Gov. Kevin Stitt recently observed Clean Energy Week in Oklahoma and did so with a proclamation that drew thanks from the state’s energy industry. Thank you, Governor Kevin Stitt, for recognizing Oklahoma’s Energy Leadership Now more than ever before, American energy is powering homes and businesses across Oklahoma. Recognizing this, Governor Kevin Stitt …
Thursday brought early gains for crude oil prices, but they were beaten down by news of a large gain in U.S. crude stockpiles. Oklahoma energy stocks performed weakly for the day. West Texas Intermediate crude dropped 58 cents to $82.91 a barrel on the New York Mercantile Exchange, but only after climbing more than $1 …
Normally many customers of utility companies are shocked when they open their monthly bills—shocked over increased amounts. But Oklahoma Gas and Electric Company is doing just the opposite. On Thursday, the utility informed its customers it would be lowering customer bills effective Nov. 1 because it would also be lowering the fuel charge on …
Senator James Lankford (R-OK) along with Senator Kyrsten Sinema (I-AZ) introduced the Telework Reform Act to better equip federal agencies to recruit strong candidates to remote work positions and to promote the management, accountability, and transparency of federal telework environments. This bill directs federal agencies to identify job classifications which could benefit from being performed through remote work …
A national coalition that advocates for increased competition in the nation’s electricity transmission infrastructure points to the latest set of inflation data released by the U.S. Bureau of Labor Statistics to make its case. The Electricity Transmission Competition Coalition says the data confirmed that electricity price inflation continues to hurt households and businesses, far outpacing …