** Panic buying drains gas stations in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Virginia as Southeasterners react to the ongoing shutdown of the Colonial Pipeline. ** In the wake of the ransomware attack on the Colonial Pipeline, the FBI sent out an emergency alert to electric utilities across the U.S. to be on the …
Lankford pushes strengthened security against ongoing cyber attacks from Russia
The cyber attack that shut down the Colonial pipeline had the attention of Oklahoma U.S. Sen. James Lankford during a Tuesday Senate committee hearing that explored cybersecurity. He questioned government leaders and expressed his concern that they seemed to be “very focused on what happens after the fact” but Sen. Lankford wondered “are we …
Stored crude oil total drops at Cushing
The amount of crude oil stored at the Cushing storage hub in northern Oklahoma declined in the past week. The American Petroleum Institute reports that the Cushing total fell by 1.2 million barrels for the week. The API also reported that U.S. crude supplies dropped 2.5 million barrels for the week ended May 7. It …
Los Alamos lab packed prohibited metal in sparking waste drum
A government report says titanium fragments that caused a nuclear waste drum to throw off sparks at the Los Alamos National Laboratory in New Mexico should never have been packed. The fragments are also prohibited at the underground disposal site near Carlsbad. Managers at both the lab and the Waste Isolation Pilot …
EPA hands out ‘brownfields’ grants to clean contaminated sites
Two of the 151 communities receiving more than $66 million in Environmental Protection Agency ‘brownfields’ grants announced this week are in Oklahoma. The Cheyenne and Arapaho Tribes of Oklahoma received a $300,000 grant to clean up a site on the Concho School property. Oklahoma City was the other recipient and will use its $300,000 …
WTI settles above $65 a barrel
Crude oil prices managed another gain in the second day of trading this week but Oklahoma energy stocks didn’t follow the same path. West Texas Intermediate crude for June delivery went up 36 cents to $65.28 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for July delivery rose …
Chesapeake Energy’s 1Q earnings report since bankruptcy
After emerging from Chapter 11 bankruptcy and restructuring, Oklahoma City-based Chesapeake Energy reported it not only generated $409 million in first quarter 2021 operating cash flow, it ended the quarter with $340 million in unrestricted cash on hand. The company had nearly $500 million unrestricted cash on hand at the end of April and …
Cole introduces legislation in response to McGirt vs. Oklahoma
Congressman Tom Cole (OK-04) on Tuesday introduced legislation in the U.S. House of Representatives related to last summer’s ruling on McGirt vs. Oklahoma by the Supreme Court of the United States. If enacted, the legislation would authorize the Chickasaw Nation, Cherokee Nation and the State of Oklahoma to find agreement and compact without federal government involvement. …
Giant solar operation sits next to Permian Basin’s oil and gas ops
West Texas isn’t home to just the massive Permian Basin oilfields but now is the site of a 3,600 solar operation that will help meet the growing demand for electricity in that part of the state. Orsted announced completion of its Permian Energy Center project, a 460 MWAC hybrid solar and battery storage facility …
Electric planes take flight
Electric airplanes are slowly becoming popular in the aviation industry. Aviation Week Network calls it the Electric Revolution and undoubtedly electric plans will soon be flying in Oklahoma, if they aren’t already. The Network says the list keeps getting longer as more and more electric-powered aircraft development programs target the general aviation market. Click …
