Thursday , April 25 2024

Energy News

Astronaut Stafford’s funeral to be Friday in Weatherford

  Astronaut and Oklahoman General Thomas P. Stafford will be buried Friday in Weatherford, his hometown. Stafford, born in Weatherford in 1930 died March 18. He was 93. His body lie in state Wednesday and Thursday at the Stafford Air and Space Museum where space items from his several trips …

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Firm won’t testify before Texas legislative committee probing Panhandle wildfires

  Texas legislators who are investigating last month’s deadly Panhandle wildfires that burned more than 1 million acres in the state and neighboring Oklahoma have run into a roadblock. The company hired to inspect utility poles in the Panhandle has refused to testify before the lawmakers. It didn’t go over …

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Five-month high reported in crude oil prices

(Photo by Menahem KAHANA / AFP) The turmoil in the Middle East and the fighting between Ukrainian forces with Russia led to increased crude oil prices on Wednesday as they settled at their highest since late October. Reuters reported that while investors were concerned about supply disruptions, an increase in …

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Surprise increase in US crude stocks while Cushing Hub reported drop

  Another unexpected buildup in the nation’s crude stocks was reported this week by the U.S. Energy Information Administration. At the same time, the amount of crude oil stored at Oklahoma’s massive Cushing Hub declined. The EIA reported a 3.2 million barrels increase across the U.S. as stocks rose from …

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Texas lawsuits allowed to move to trial over 2021 Winter Storm Uri

  Yes, the impact of the 2021 Winter Storm Uri is still with Oklahoma, Texas and Kansas. So are the legal matters. In Oklahoma, Attorney General Gentner Drummond’s investigation into alleged market manipulation of natural gas prices remains underway with no public offering of the latest developments. In Kansas, Attorney …

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Oklahoma still doesn’t have a Buc-ee’s while Arkansas is about to get its first

  Weeks after Colorado opened its first Buc-ee’s travel stop, Arkansas could get its first of the popular and fast-growing stores, adding to the chain of 44 stores across the country. The Arkansas Business Morning Roundup on Wednesday reported officials in Benton have approved a site and utilities plan for …

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March storms followed by tornadoes to start month of April

Those tornadoes that destroyed some homes and caused other damage in Osage County this week weren’t the only twisters Oklahoma had this spring. The Oklahoma Mesonet reminded readers that on March 14, two tornadoes were confirmed in McIntosh and McCurtain counties. The same severe weather also produced hail the size …

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House Speaker changes his mind about targeting renewable energy with a production tax

  You never know what politics will bring. Take for example Oklahoma House Speaker Charles McCall’s HB2950 which he introduced in February and included a proposed renewable energy tax…a tax he threw in after renewable energy firms fought the Right of First Refusal bill supported by utilities. The Right of …

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Crude oil prices make more gains over increased attacks on Russian oil refineries

Crude oil prices rose nearly 2% in Tuesday’s trading after news of more Ukrainian drone attacks on Russia’s third largest refinery. The conflict in the Middle East also added pressure to increased prices. West Texas Intermediate crude for May settled up $1.44 or 1.7% to $85.15 a barrel on the …

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Oklahoma’s oil and gas tax revenue fell in March

  The amount of gross production tax revenue from Oklahoma’s oil and gas production took another hit in March. State Treasurer Todd Russ reports the tax totaled $1.12 billion, down $901.2 million or 44.6% for the same 12-month period. He said total tax receipts for the past year through March …

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