** U.S. liquefied natural gas (LNG) developers are on track to approve three export projects capable of processing 5.1 billion cubic feet per day (bcfd) of gas in the first half of the year, a record volume for new LNG projects in any year. ** NASA comes out against allowing mining of lithium in a …
OGE close to finishing power restoration while PSO hopes to do the same Saturday evening
Oklahoma power crews report electricity has been restored to a large number of utility customers since the Saturday night storm when nearly 300,000 customers lost power. Oklahoma Gas and Electric reported Thursday afternoon that it had restored power to 99% of its customers who lost electricity in the severe weather. Approximately 139,000 customers had …
Oklahoma energy stocks hurt as crude oil prices plunged 4% in Thursday’s trading
A 4% drop in oil futures was recorded in Thursday’s trading and Oklahoma energy stocks suffered as well, with one company falling 12% and another 9%. A bigger-than-expected Bank of England rate hike was behind the drop in futures along with a surprise dip in U.S. oil supplies. West Texas Intermediate crude finished down …
Suncor refinery to face charges by Colorado regulators
The Suncor oil refinery in Colorado is now officially the target of state regulators who want to hold the operation accountable for violations of state pollution rules. The Colorado Department of Public Health and Environmental took the first step in an enforcement process, alleging more than 100 violations from July 2021 to June 2022 …
Rainfall helps east Oklahoma’s drought but it’s still hanging around
Oklahoma’s drought. Remember it! State Climatologist Gary McManus says despite the storms and the rain, it’s still with us. Especially in north central Oklahoma and it’s gaining traction in the eastern part of the state. But there is one thing to celebrate. Writing in Thursday’sOklahoma Mesonet newsletter, McManus said Cimarron County in the far …
Biden’s veto of big truck rule couldn’t be stopped by Senate
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among those who attempted Wednesday to override President Biden’s veto of legislation that would have overturned his administration’s truck pollution rule. Both voted in support of the override and the final vote was 50-50. West Virginia Democrat Joe Manchin sided with Lankford and Mullin but the …
Oil and gas activity described as “flat” in Texas, New Mexico and Louisiana
Activity in the oil and gas sector was unchanged in second quarter 2023, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—edged down to zero in the second quarter from 2.1 in the first. The Eleventh Federal Reserve District …
Gulfport Energy shares plunged after public offering price was made at $95
The sales price of the 1.3 million shares in Gulfport Energy Corporation in an underwritten public offering announced this week was revealed at $95 per share. And a day later, Gulfport shares plunged 11% in value. In a filing with the Securities and Exchange Commission, Gulfport said the price was part of the offering …
Crude oil today remains steady at Oklahoma’s Cushing Hub
The Cushing Hub remained steady in the past week of the amount of crude oil in storage, reaching 42 million barrels of oil. The U.S. Energy Information Administration, in its weekly Petroleum Report, indicated Cushing actually declined slightly from the 42.1 million barrels reported on June 9. The 42-million level was as of June …
State Broadband Office updates progress on mapping of Oklahoma
It could still be several months before Oklahoma’s Broadband Office is able to complete a map of the state showing where there are deserts of internet service for residents. It’s what members of the Broadband Commission were told this week during a meeting in Oklahoma City. “Nearly 800,000 Oklahomans do not have high speed …