Grants totaling $100,000 to Tulsa’s Family Safety Center were recently announced by Public Service Company of Oklahoma and the American Electric Power Foundation. A PSO announcement stated the grants will be a lead investment to construction a new $27 million, 65,000-square-foot FSC facility serving Tulsa County Groundbreaking for the facility at 28th Street and …
Impact of national trucking firm unclear in Oklahoma
It’s not clear yet whether the Oklahoma operations have been affected by logistics company C.H. Robinson Worldwide Inc. started layoffs of nearly 650 workers in the past week. Observers say it is yet another sign of slower demand for freight transportation. C.H. Robison is based in Minneapolis, Minnesota and confirmed the job cuts amount …
More funds approved for drought aid in Oklahoma
Oklahoma’s Emergency Drought Commission took recent action approving another $12 million in funding to the Emergency Drought Cost-Share Program. KOKH Fox 25 News reported the approval came as farmers and ranchers in Oklahoma face more challenges because of the growing drought and the impact on the state. Click here for Fox 25 News
Expect new leader of House Energy and Commerce “IF” GOP wins House control
Getting a seat on the House Energy and Commerce Committee was critically important to Oklahoma Congressman Markwayne Mullin a few years ago. First elected to the House in 2013, Mullin decided he needed to work to serve on the committee and began lobbying for the position. He got the appointment in 2015 feeling it was …
Other energy headlines
**Speaking at the UN Climate Summit in Egypt, House Speaker Nancy Pelosi accused Republicans of treating climate change like a “hoax” while other Democrats raise concerns about Republicans’ potential House takeover. ** QuarterNorth Energy, a company involved in oil and gas operations in the Gulf of Mexico, will be laying off 135 employees at its Lafayette office in Louisiana …
Nebraska Senator pushes for expanded ethanol-gasoline blend
Nebraska U.S. Sen. Deb Fischer says she will file federal legislation to expand national sales of E15, a higher ethanol-gasoline blend. A Senator from the third-largest U.S. corn-producing state, Fisher suggested her plan has the support of the American Petroleum Institute according to Reuters. Click here for Reuters
Canoo to build EV manufacturing plant in Oklahoma City
Oklahoma City is getting a new car plant years after GM shut down its manufacturing facility. Electric vehicle manufacturer Canoo announced it plans to locate a plant that is strategically located with easy access to roads and rail. Employment will reach more than 500 workers and Canoo said it expects to produce up to …
More big gains recorded by Oklahoma energy stocks on Thursday
Oklahoma energy stocks recorded even larger gains on Thursday as crude oil prices rose 1%, ending three days of declines. The increase in crude oil prices was reported to be due to China’s actions dealing with COVID-19 and how they might affect worldwide fuel demand. West Texas Intermediate crude oil for December delivery rose 64 cents …
Enverus reports rig activity is steady in US
The U.S. rig count rose by one rig to 888 for the week ended Nov. 9 according to the latest count provided by Enverus. The count is down 1% in the last month and up 31% in the last year. All numbers discussed are weekly peaks to avoid the sometimes wide variability of daily …
Crude supply falls at Cushing Hub in Oklahoma
Just as U.S. crude oil stocks declined more than 3 million barrels this week, the Cushing oil hub in Oklahoma also recorded a slight decline in volume. As of Nov. 4, 2022, Cushing maintained a volume of 27.2 million barrels of oil, down from the 28.2 million reported on Oct. 28. The latest volume …