Oklahoma energy companies with exploration projects in Wyoming might be paying close attention to studies underway that might show one shale play in the state could be the source of untapped reserves of 200 billion barrels of oil. The Mowry Shale is being carefully studied by researchers at the University of Woming School of …
Interstate reopened after coal train derailment near Pueblo, Colorado
Interstate 20 in Southern Colorado is finally open to traffic following a weekend coal train derailment that toppled onto a passing semi-truck and killed the driver. Gov. Jared Polis announced Wednesday that lanes were reopened north of Pueblo where the detailment occurred Sunday. The incident remains under investigation by federal authorities.
Hundreds of Oklahoma airports would be affected by EPA ban of leaded aviation fuel
The EPA has joined those who believe leaded aviation fuel, used mostly by small airplanes, is a danger to public health. The agency made such an official declaration this week and it opened the door for the EPA to take regulatory action, a move that would affect more than 800 airports in Oklahoma. “The …
Quick reads of energy highlights
** The United States partially lifted sanctions against the Nicolas Maduro government on Wednesday, following a deal the socialist regime reached the day before with the Venezuelan opposition setting a roadmap for holding freer presidential elections next year. ** An Alaska state agency on Wednesday sued the Biden administration over its decision to cancel oil …
Electrical grid funding includes $50 million project in Oklahoma
Among the 58 projects announced this week by the U.S. Energy Department to receive $3.5 billion in funding from the government is one in Oklahoma. The funding is aimed at electrical grid resilience projects in 44 states, marking the largest single fedral investment in the electrical grid in the history of the U.S. Oklahoma …
Study says Oklahoma is not a very energy efficient state
Oklahoma was in the bottom tier of states when it comes to those that are considered to be the most energy efficient, according to a report released by WalletHub. It was ranked 41st lowest for overall efficiency but 39 for Home Energy efficiency. The state had a number 37 ranking for Auto efficiency. According …
Devon looking to make acquisitions?
If the reports are right, Devon Energy Corp. is in the hunt for an acquisition, one aimed at widening its holdings in the Permian Basin. Bloomberg and Seeking Alpha reported this week that Devon is considering what they called “major acquisition targets” and one of them is reported to be Marathon Oil Corp. People who …
ONEOK dividend is declared
ONEOK’s board of directors declared a quarterly dividend of 95.5 cents per share this week, an amount unchanged from the previous quarter. The company said it would result in an annualized dividend of $3.82 per share. It will be payable Nov. 14, 2023 to shareholders of record at the close of busines Nov. 1, …
Senators file legislation to block EPA’s tailpipe emissions rules
Senators James Lankford and Markwayne Mullin are among 25 Senate Republicans who introduced legislation to block the Biden administration from implementing regulations targeting gas-powreed car tailpipe emissions. West Virginia Democrat, Sen. Joe Manchin joined their effort. Idaho Sen. Mike Crap led the proposal to strike down the EPA proposal that would tighten vehicle tailpipe …
Crude makes 2% gain on unexpected high drawdowns
A surprise U.S. crude oil draw, including more oil removed from Oklahoma’s Cushing Hub, led Wednesday to a 2% gain in prices. Plus, concerns about global supplies after Iran called for an oil embargo on Israel pushed prices higher. But Oklahoma energy stocks didn’t take the same path. Most recorded losses as much as 5% …