Crude oil prices took another bounce up in Monday’s trading and reached closer to $70 overseas. Global benchmark Brent crude for July deliver went up 75 cents and closed for the day at $69.46 a barrel on ICE Futures Europe. In the U.S., West Texas Intermediate crude for July delivery rose 90 cents and …
Skyrocketing lumber prices get attention of Oklahoma House members
Three Oklahoma members of the U.S. House were among nearly 100 asking US Trade Representative Ambassador Katherine Tai to do more to bring about lower costs for lumber in the US. Oklahoma Rep. Kevin Hern led the bipartisan letter after his discussion with Ambassador Tai at last week’s House Ways and Means hearing on …
DUCs drop in Anadarko Basin
The number of drilled but uncompleted wells in Oklahoma’s Anadarko Basin declined slightly in May according to documents released Monday by the U.S. Energy Information Administration. The EIA report said the Anadarko’s DUCS totaled 856 in March and declined by 21 to 835 in April. The nation’s total number of DUCS dropped from 7,098 …
AAA reports Oklahoma gas prices sixth lowest in the nation
While the national gas price average is at the most expensive level in six years at $3.04, AAA reports Oklahoma’s $2.78 average is the sixth lowest in the nation. Still, Oklahoma prices are 15 cents higher than a month ago when the average was $2.63 a gallon. AAA says travel is rebounding from the …
Energy secretary to be questioned about her budget
Oklahoma congressman Markwayne Mullin and others on the House Energy and Commerce Committee will have a chance this week to question Energy Secretary Jennifer Granholm about her agency’s budget. She will go before the committee on Wednesday to talk about the Energy Department’s fiscal 2022 budget request. How much money are we talking about? …
Oil execs won’t be a part of congresswoman’s setup
Thanks but no thanks. It’s what five executives of oil and gas firms, including Oklahoma City-based Devon Energy told a congressional subcommittee that wanted to grill them about what critics called “Corporate Welfare” of the industry. Why would they want to testify when the chair of the U.S. House Natural Resources Oversight subcommittee is …
FERC’s deadline arrives for pipeline complaints
Monday was the deadline set by the Federal Energy Regulatory Commission for Cheniere Energy to resolve land complaints of Oklahoma farmers and ranchers about unfinished Midship pipeline restoration. As OK Energy Today reported in March, FERC heard complaints about the restoration work and ordered Cheniere to make completions within at least 60 days. Monday …
SE Missouri to be site of 2,000 acre solar farm
In the far southeast corner of Missouri, work is underway for development of a $175 million solar farm that will take up 2,000 acres of land. Final approval is being sought for the Kelso Solar Project to be located near Benton. The Southeast Missourian reported the farm is a joint venture of Arevon, an …
Oil production increases in North Dakota
The latest figures show North Dakota’s crude oil production grew by 2% in March leading to optimism that there will be increased production throughout the summer. North Dakota State Mineral Resources Director Lynn Helms reported the daily oil output increased to 1.108 million barrels a day in March according to the Associated Press. Click …
Forced carpooling a possibility in Colorado
If Colorado intends to meet its goals of greenhouse gas and ozone reductions, then commuters might be forced to carpool—especially those who drive alone in their cars and trucks to work. It’s the indication of rules drawn up by state air pollution control staff reported the Colorado Sun. The paper says businesses with more …
