The head of Williams Companies came out with a prediction that might have been a setback for supporters of renewable energy. Alan Armstrong, Williams’s chief executive says the soaring demand for for wind and solar-powered electricity will almost certainly create more need for natural gas infrastructure to prevent blackouts. His comments are in direct …
Energy highlights
** A U.S. judge has ordered Canadian energy company Enbridge to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay the tribe nearly $5.2 million for trespassing plus a portion of its profits until the shutdown is completed. ** The U.S. electric power system is …
Crude oil prices finished with a gain on Friday while OK energy stocks were mixed in trading
Friday’s increase in crude oil prices resulted in a weekly gain for TWI and Brent crude, thanks to higher Chinese demand and OPEC+ supply cuts. West Texas Intermediate crude rose $1.16 and finished at $71.78 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude went up 94 cents and closed at $76.61 …
CPRP Services files reports on more McClain County oil wells
McClain County has proven to be a good place for oil and exploration by CPRP Services of Oklahoma City. The company’s latest filings of completion reports show nearly 1,500 barrels of oil production from two wells drilled on a single pad in the same area where the firm reported success south of Dibble. The …
Summer driving is here—so what about gasoline prices?
The start of summer is nearly here, and drivers are finding prices far lower than last year. AAA Oklahoma reported that lackluster demand and low oil costs are keeping gas prices relatively stable. The national average for a gallon of gas remained stable since last week at $3.58, which is $1.43 less than a …
Sen. Mullin says we don’t have a plastics problem….we have a plastic handling problem
Oklahoma U.S. Sen. Markwayne Mullin made it clear in a recent Senate Committee hearing he thinks the production of plastic in the U.S. is not the problem that Democrats and environmentalists contend it is. He thinks there is a plastic handling problem. “Some witnesses today might make statements that plastics are harmful to your …
Pipeline Industry in Texas has $61 billion impact on state
A new Texas Tech University study shows the oil and gas pipeline industry had a more than $60 billion economic output in Texas in 2022. The study was conducted by the University’s Center for Energy Commerce and showed the industry’s economic output in 2022 was $60.5 billion and also provided more than $34 billion …
Ozone alert continues for Tulsa on Friday
Some of the air in northeast Oklahoma remains unhealthy for those with certain kinds of breathing challenges. That’s why the Oklahoma Department of Environmental Quality issued another ozone alert for the Tulsa metropolitan area for Friday, June 16, 2023. This alert will initiate the issuance of an “Ozone Alert Day” for the Tulsa area by the Indian …
Something made Canoo shares soar 18% on Thursday
It’s been three years since EV maker Canoo experienced the kind of trading day it had on Thursday. Shares rose nearly 18% in trading on Wall Street before closing at 66 cents a share. The price gain was $0.099 or 17.57% for the company that in recent weeks was in cash problems. Three years …
Thursday was a day of gains for crude oil prices and Oklahoma energy stocks
Thursday’s trading brought about a 3% gain for crude oil prices as they reached a one-week high and also resulted in 4% gains for Oklahoma energy stocks. The weaker U.S. dollar and a jump in refinery runs in top crude importer China were responsible for the increased oil prices. West Texas Intermediate crude, the U.S. …