When Oklahoma adopted a law targeting protesters who trespass on pipeline land, Louisiana followed suit and now the law is being challenged according to a federal judge’s ruling. The judge ruled protesters from New Orleans and Mississippi and a New York journalist arrested during a protest of pipeline construction can continue their challenge of …
Another day, another slip in crude oil prices and analysts blamed increasing COVID-19 infections in India for the slide. West Texas Intermediate crude fell 92 cents or 1.4% to $64.71 a barrel in trading on the NYMEX. Global benchmark Brent crude finished down 87 cents for a 1.3% loss to $68.09 on ICE …
In a relocation that will create nearly 300 new jobs, Israeli aerospace company, TAT Technologies Ltd. announced it is relocating some of its activities to Tulsa, Oklahoma. TAT is considered the world’s largest independent manufacturing and repair company of thermal components for the aviation industry and also the parent company of Tulsa-based Limco …
Devon Energy’s Rick Muncrief says it’s time other energy firms followed his company’s policy of how it’s returning more cash to shareholders. During Devon’s earnings call this week, Muncrief, named President and Chief Executive Officer in January credited the company’s first-quarter net income of $213 million, compared to a loss in the same period …
The US rig count held steady over the last week at 524 rigs as of May 5, according to Enverus Rig Analytics. The count is up 5% on the month and up 39% YOY, while there are exactly twice as many companies drilling wells now as a year ago, at 248. The most active …
A new national report shows the U.S. solar industry’s employment dropped 6.7% from 2019 to 2020 while Oklahoma saw growth since 2012. The Solar Energy Industry Association said total U.S. solar industry employment was 231,4747 workers in 2019 but the employment also declined across all labor categories and in most states. The SEIA said …
Renewable energy producer Enel Green Power has launched construction on another new wind farm in southcentral Oklahoma—its 11th wind project in the state. The company announced the 140 MW Rockhaven wind project is being built in Garvin and Carter Counties and is adjacent to the Origin wind farm which Enel has operated since 2015. …
** Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30. The oil inventory figure compared with a weekly draw of 7.688 million barrels estimated by the American Petroleum Institute a day earlier. ** A judge sentences two tree-sitters who defied a court order to …
The planned Grain Belt Express which is designed to carry electricity from Southwest Kansas wind farms through Missouri and to Illinois is being attacked by the President of the Missouri Farm Bureau. Writing in a Missouri newspaper, Garrett Hawkins said the use of eminent domain for the construction of the transmission line sets a very …
“Oklahoma’s economy was hitting on all cylinders in April, especially compared to where we were a year ago,” proclaimed Oklahoma Treasurer McDaniel as he announced a 38% jump in gross receipts to the Treasury during the month of April. What drove it? In part, record oil and gas production tax collections along with increases in …
