Shareholders in Tulsa’s Vital Energy, Inc. took part in the company’s recent annual meeting of stockholders and upon recommendation of the firm’s board of directors elected four members to the board. Elected to the board were Dr. Craig M. Jarchow, Jason Pigott, Edmund P. Segner, III and Dr. Shihab Kuran along with John Driver. Shareholders …
Oklahoma DEQ to seek $7 million from feds for drinking water revolving fund
The Oklahoma Department of Environmental Quality is moving ahead with plans to seek more than $7 million in federal funding as part of the state’s 2024 Drinking Water State Revolving Fund Intended Use Plan and Project Priority Lists. The DEQ announced plans to hold a pubic hearing for comments on the draft proposal. It …
Rep. Lucas says Energy Department decision to revoke $200 million award raises more questions
House Science, Space, and Technology Committee Chairman Frank Lucas sent a fourth letter to the Department of Energy (DOE) regarding a grant to Microvast, a company with close ties to the Chinese Communist Party (CCP). Earlier, DOE communicated to Committee staff that Microvast would not be receiving the $200 million award as initially announced. While …
Crude oil made weak gain on Friday
Crude oil rose slightly on Friday, prior to the start of the Memorial Day holiday and did so because of confusion from Russia and Saudi Arabia ahead of the coming OPEC+ policy meeting. West Texas Intermediate crude rose 84 cents or 1.2% to close at $72.67 a barrel on the New York Mercantile Exchange. Global …
AG Drummond says Supreme Court made the right call in WOTUS fight with EPA
Attorney General Gentner Drummond lauded the U.S. Supreme Court’s 5-4 ruling yesterday in Sackett v. EPA, a decision that limits the authority of the Environmental Protection Agency. At issue was the EPA’s Waters of the United States (WOTUS) rule that had been opposed by Oklahoma and other states. “I am pleased the U.S. Supreme Court has …
Oil and gas rig numbers continue a free fall in Oklahoma and the U.S.
The nation’s oil and gas firms cut another 9 rigs from their active list reported Baker Hughes Co., a drop that included 7 more in Oklahoma as the state’s rig count fell to 46 and more were put in storage. Baker Hughes indicated Oklahoma’s count is 13 fewer than one year ago. Nationally, the …
Other energy headlines
** The highly-anticipated debt ceiling package House Republicans and President Biden announced on Sunday includes a provision fast-tracking a massive 303-mile West Virginia-to-Virginia natural gas pipeline project for approval. ** When the U.S. Supreme court recently ruled against the EPA and the Army Corps of Engineers in a Waters of the US fight, all but one conservative …
Oklahoma’s Broadband Office moves quickly on spreading the word
Development of an updated broadband service map in Oklahoma could be finished in August. The state’s Oklahoma Broadband Office expects to know by the end of June just how much it will receive in funding from the federal government. Its leaders are in the process of holding meetings across the state reported NonDoc. One such …
Crude oil prices and OK energy stocks go hand in hand in Thursday’s losses
Not only did crude oil prices tumble Thursday but so did Oklahoma energy stocks with some falling 6% and 7% for the day. Crude took a hit after Russia’s Deputy Prime Minister Alexander Novak played down any prospects of more OPEC+ production cuts at the meeting scheduled for next week. U.S. benchmark, West Texas …
Legislator sees success in helping Cushing land $5.6 billion oil refinery
A “generational gamechanger.” It’s what Stillwater state Rep. John Talley said in response to this week’s announcement by Southern Rock Energy partners to choose Cushing as the site of the company’s planned $5.6 billion refinery. “The creation of this refinery is a generational gamechanger for Cushing and the surrounding north central Oklahoma community,” said …