The Oklahoma Department of Commerce will hold a session Tuesday morning to offer information about federal programs aimed at infrastructure improvements. Speakers will represent the U.S. Economic Development Administration, the U.S. Department of Agriculture and Marshall Vogts of the Oklahoma Department of Commerce. The program will begin at 11 a.m. Tuesday and the public can view it …
Crude oil prices take another slide down
Despite tight crude supplies in the U.S., oil prices slumped again in Monday’s trading as prices nationally settled just above $74 a barrel. Analysts blamed growing concerns over spreading COVID-19 variants, concerns that brought fuel demand to near pre-pandemic levels. West Texas Intermediate crude for August delivery finished down 46 cents or 0.6% and …
Gasoline demand soars to record high
At 10 million b/d, gasoline demand reached a new Energy Information Administration (EIA) record last week, according to AAA. That number reflects only a portion of Independence Day holiday travel. The nearly 1 million b/d jump in demand drove down gasoline supplies by 6.1 million bbl to 235,000 million bbl and consequently pushed the …
Oklahoma regulators to meet Tuesday
Oklahoma Corporation Commissioners will meet Tuesday morning for a regular meeting at the State Capitol. The 9:30 a.m. meeting will include a review and discussion of the Fiscal Year 2022 budget by Holly George, the Commission’s Director of Finance. Commissioners might take votes on some proposed orders in causes on the 24-hour signing agenda …
$65 million in new highway construction projects okayed for Oklahoma
The Oklahoma Transportation Commission is moving ahead with more highway improvements across the state. Commissioners voted to award 25 contracts totaling more than $65 million to improve highways, roads and bridges in 29 counties. Contracts were awarded for projects in Caddo, Canadian, Carter, Cleveland, Dewey, Garfield, Garvin, Grant, Ellis, Harper, Kay, Kingfisher, LeFlore, Logan, …
Oklahoma Reps work on abandoned wells bill in Congress
Oklahoma Reps. Frank Lucas and Stephanie Bice are working together in the introduction of the Abandoned Well Remediation Research and Development Act. The measure would created abandoned wells research, development and demonstration program at the U.S. Department of Energy. Oklahoma currently has 1,277 listed abandoned oil and gas wells across the state. In 2018, …
Will Texas enforce new federal methane emissions rules?
Environmentalists vow to make sure the state of Texas enforces newly reinstated federal methane emissions rules. The Sierra Club indicated it plans to be a watchdog of the Texas Commission on Environmental Quality after President Biden signed a bill last month repealing the Trump-era rule that rolled back the Obama administration’s 2016 regulations to …
Details remain unclear about Amazon’s big solar projects in Arkansas
Amazon recently boasted that it had become the world’s largest corporate buyer of renewable energy with new solar projects in Arkansas and other states. But Arkansas Business reported the world’s largest retail delivery business is being stingy with details about its Arkansas projects. Click here for Arkansas Business.
Opposition to Oklahoma crude oil pipeline sparked protests in Memphis
Last week’s cancellation of the controversial Byhalia Pipeline in Memphis, Tennessee has opponents recalling how a pipeline from Oklahoma to a local refinery led to the protest that stopped the project. The Daily Memphian reported the protest over the Oklahoma pipeline sparked the eventual opposition to the Byhalia line. Click here for Daily Memphian
Energy news in brief
** U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share prices led to larger oilpatch deals. ** Dominion Energy Inc. and Berkshire Hathaway Energy, an affiliate of Berkshire Hathaway Inc. announced they have agreed to terminate the sale …