Oklahoma Congressman Frank Lucas reached out to former staffers he once worked with and those who assisted retired U.S. Sen. Jim Inhofe, naming them to be senior staff on the House Science, Space and Technology Committee he chairs. “We have a great team lined up to support our Committee’s work, and each one brings …
Oklahomans off House Energy and Commerce
For the first time since former Oklahoma Rep. Markwayne Mullin was named to the U.S. House Energy and Commerce Committee in 2014, the committee will not have an Oklahoman serving as a member. Mullin is now in the U.S. Senate and the new makeup of the 52-member committee includes 29 Republicans and 23 Democrats—none …
New leader of House committee opposes limits on oil and gas development
Expect a new direction from the U.S. House Natural Resources Committee now that Republican Congressman Bruce Westerman of Arkansas is in charge. He admits his direction will depart from that of the Democrats because he wants to allow more mining and avoid limitations on fossil fuel production. Click here for Kansas Reflector
Tulsa I-44 interchange subject of $85 million federal highway grant
One of the nine grants totaling $1.2 billion for highway improvements nationally was an $85 million award to improve the I-44/U.S. 75 Interchange in Tulsa. It’s described as the largest ever received by the Oklahoma Transportation Department and will help pay for three phases of construction with a $205 million total cost reported the …
Gasoline prices inch upward in Oklahoma
Just as they are nationally, gasoline prices in Oklahoma continue their slow upward climb, reaching an average of $3.19 a gallon according to AAA. Nationally, the average is $3.50, two cents higher than a week ago and 30 cents more than one month ago. Oklahoma’s average is 3 cents higher than last week and …
PetroLedger acquires OKC oil and gas accounting firm
San Antonio-based PetroLedger Financial Services, LLC is expanding its operations with the acquisition of Oklahoma City-based oil and gas land management and accounting firm Associated Resources, Inc. PetroLedger, headquartered in San Antonio, is a nationwide leader in providing transaction services for the oil and gas industry. “We are thrilled to welcome Associated Resources to …
Heartland Flyer to Kansas? It’s being discussed in Kansas legislature
The long-promoted idea of extending Amtrak’s Heartland Flyer from Oklahoma to Newton, Kansas is still alive and getting some interest in the Kansas legislature. Why now? Because of billions in federal funding. Click here for Topeka Capital-Journal
Headlines of more stories
** The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp’s record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. ** The Bureau of Land Management announced plans to lease nearly 21,000 acres of national public land in Montana …
Crude oil prices and OK energy stocks made gains in Tuesday’s trading
Higher demand left crude oil prices steady with gains in Tuesday’s trading after they recovered from a near three-week low. Oklahoma energy stocks made gains for the day too. West Texas Intermediate crude rose 97 cents or 1.3% to settle at $78.87 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Earnings down for Phillips 66
Phillips 66 announced fourth-quarter 2022 earnings of $1.9 billion, compared with earnings of $5.4 billion in the third quarter of 2022. In Tuesday’s announcement, the company said the $1.9 billion in earnings translated into $3.97 per share. Adjusted earnings were $1.9 billion or $4 a share. The firm also generated $4.8 billion in operating …