Saturday , May 18 2024

Energy News

Crude oil fell another 2% in Thursday’s trading and OK energy stocks continued struggles

An increase in the nation’s gasoline inventories is blamed for a $20 a barrel drop in crude oil prices on Thursday. The gain in the amount of gasoline added to continuing and nagging fears of a possible recession in the U.S. West Texas Intermediate crude fell $1.87 or 2.4% to …

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Oklahoma and United Kingdom agree to more energy trade

  Oklahoma Gov. Kevin Stitt traveled to the United Kingdom this week to sign a memorandum he hopes will result in increased energy trade for the state. He signed the memorandum with UK Minister for International Trade Nigel Huddleston and said it was meant to benefit both Oklahoma and the …

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$6.6 billion in winter storm costs approved by Oklahoma regulators on a split vote

    $6.6 billion. Get ready for the sticker shock coming in your future utility bills. It’s the cost that will have to be eventually borne by consumers in the fuel cost adjustments approved Thursday for 3 major utilities by Oklahoma Corporation Commissioners on a 2-1 vote. The Commission approved …

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Hern and other House Committee members reject Biden’s solar tariff suspension

  Oklahoma Congressman Kevin Hern and other Republicans on the House Ways and Means Committee voted this week to reserve the Biden administration’s suspension of tariffs on solar panels from four Southeast Asian nations. The vote was 26-13 and Democrat Terri Sewell joined the GOP majority in approving the measure …

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Completion reports for April 19, 2023

CUSTER COUNTY Continental Resources Inc Mississippian(13108): Oil 13 Gas 24188 Water 1072 Flow 35 15N 14W Kaiser Vaugh 2-35-2-11xhm, January 22, 2023 HH, GAS, TD: 28362 ft Lat: 35.73920, Long: -98.66146 API: 35039226030001 STEPHENS COUNTY Continental Resources Inc All Zones Producing: Oil 431 Gas 457 Water 4890 Flow 26 1N 4W Leon 2-26-23-14xhm, September 19, 2022 HH, OIL, TD: 18497 ft …

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Permits to drill for April 19, 2023

Garvin County LILY #1-29-20GXH, April 19 2023 32 4N 4W SENENWNW API: 04925419 Lat: 34.78144683955471, Long: -97.64752889256913 RIMROCK RESOURCE OPERATING LLC MU, DR, 20200 ft, GODDARD(12300) Kingfisher County LINCOLN SOUTHEAST OSWEGO UNIT #35-3HO, April 19 2023 17 17N 5W SESESWSE API: 07327000 Lat: 35.94180818145109, Long: -97.75226569443674 BCE-MACH III LLC HH, DR, 11694 …

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Another drop in crude oil prices and Oklahoma energy stocks

Crude oil prices dropped nearly 2% to a two-week low in Wednesday’s trading and the majority of Oklahoma energy stocks followed suit. The strengthening of the dollar caused the decline, despite a sharp drop in U.S. crude inventories. West Texas Intermediate crude for May delivery dropped 2.1% or $1.70 per …

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Senator Mullin says Biden put politics over American energy prosperity

  “The Biden administration prioritizes politics over American prosperity.” That’s the “in-your-face” assessment by Oklahoma U.S. Sen. Markwayne Mullin. Writing recently in the Washington Times, the Republican Senator charged the administration “has been gas-lighting our domestic energy producers for the past two years.” He accused the White House of using …

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Oklahoma Senate supports bill preparing for disposal of wind farm blades

  A bill designed to put strict requirements on wind turbine blade disposal operators won nearly a unanimous support in the Oklahoma Senate. House Bill 2359 was approved Wednesday on a vote of 46-1 with the lone opposing vote coming from Sen. Nathan Dahm. The bill already received unanimous support …

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FERC denies Southwest Power Pool plan for self-funding of transmission line improvements

  Efforts by the Southwest Power Pool to standardize a pathway for transmission owners to build and profit from network upgrades were rejected recently by the Federal Energy Regulatory Commission. Oklahoma is a member of the Power Pool. The plan was opposed by the American Clean Power Association which argued …

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