Friday , May 3 2024

Energy News

Study contends State’s Energy Discrimination Elimination Act hurts Oklahoma

A new study by the Oklahoma Rural Association claims the two-year old law created by the legislature to target financial firms that discriminate against the state’s oil and gas industry is far more harmful than beneficial to the state’s economy. The Association is a group that promotes rural Oklahoma as …

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OGE observes Earth Day with planting of hundreds of trees

  In honor of Earth Day and the company’s commitment to bettering the environment in the communities it serves, Oklahoma Gas & Electric (OG&E) recently teamed up with the Arbor Day Foundation to plant 250 full-size trees and distribute 900 seedlings to five communities throughout the state. OG&E volunteers also …

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Interior Secretary bans new mining and oil and gas exploration on some New Mexico land

  By signing a document during a recent ceremony, Interior Secretary Deb Haaland just banned mining and oil and gas drilling on more than 4,200 acres of land in New Mexico. The land in question is just northwest of the city of Albuquerque and is managed by the Bureau of …

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Nation’s largest pipe manufacturer to expand operations in Arkansas

    The country’s largest steel pipe and tube manufacturer, Zekelman Industries of Chicago plans to invest up to $120 million to expand its manufacturing plant in northeast Arkansas. The move means an increase to more than 300 employees at its Atlas Tube plant in Blytheville. The company, in its …

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US and Oklahoma rig counts made gains in the past week

  The nation saw a gain of active oil and gas rigs over the past week as the rig count grew by two to reach 619, according to the Baker Hughes rig count released Friday. The gain included 5 oil rigs to reach a total of 511 while the number …

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Borrowing power of PHX Minerals remains steady following review

PHX Minerals Inc. Logo   The borrowing ability of Fort Worth-based PHX Minerals Inc. is unchanged following a regularly scheduled semi-annual redetermination of the firm’s senior secured credit facility. Following the review, the facility reaffirmed PHX’s existing $50 million borrowing base with no changes to pricing, covenants or other material …

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OIG responds to Lucas move to replacing acting director

    The U.S. Commerce Department’s Office of Inspector General says allegations of whistleblower retaliation made by Oklahoma Congressman Frank Lucas and other members of a House committee against the Acting IG Roderick Anderson were  investigated and found to have no basis. The book was closed on the claims. In …

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New 80 mph speed limit on H.E. Bailey turnpike

  Motorists can now legally drive 80 mph on part of the I-44/H.E. Bailey Turnpike in Oklahoma rather than hedging the 75 mph speed limit. The limit was increased to 80 on Thursday on a 59-year mile portion of the turnpike between Chickasha and Lawton in Comanche, Caddo and Grady …

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Crude oil held steady in Thursday’s trading

Crude oil prices remained close to a three-week low after Thursday’s trading after the US resumed sanctions against Venezuela and Iran while tensions seemed to cool a little in the Middle East where Israel still could produce a military response to Iran’s attack. West Texas Intermediate crude, considered the US …

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600 power poles still being replaced from Wyoming wind storm

    Talk about wind….it’s what hit eastern Wyoming earlier in the month and power crews are still busy replacing nearly 600 utility poles that were downed in the storm. Snow fell and 50-mile an hour winds gave it added forcing, downing 590 power miles for the High West Energy …

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