Friday , May 3 2024

OK Energy News

Gallup finds growing number of Americans don’t want an EV

  While there has been a slight increase in the number of drivers in the U.S. who switched to an electric vehicle in the past year, at the same time, the number of people who don’t want one has increased. Gallup reported ownership grew from 4% a year ago to …

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Corporation Commission race draws five candidates

  Former State Senate President Brian Bingman has some company in his attempt to win election to the Oklahoma Corporation Commission and succeed Commissioner Bob Anthony who is term-limited. He previously was the only announced candidate and already had endorsements from Gov. Kevin Stitt and Lt. Gov. Matt Pinnell. By …

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Crude oil prices made more gains on Friday to settle at $91 a barrel

Crude oil prices finished the week with a more than $1 a barrel gain as investors wondered whether the fighting in Gaza and unrest throughout the Middle East might result in tighter supplies. World prices reached $91. Global benchmark Brent crude finished up 51 cents or 0.57% at $91.17 a …

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Oil and gas rig count holds steady in Oklahoma

(REUTERS/Nick Oxford)   Oklahoma’s oil and gas rig count held steady over the past week while the nationwide numbers declined by one, leaving 620 active drilling rigs across the U.S. reported Baker Hughes Co. on Friday. Oklahoma’s count totaled 44 rigs, same as a week ago but 14 lower than …

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Attorney General’s EPA lawsuit prompts SEC to delay start of methane emissions rule

  The lawsuit led by Oklahoma Attorney General Gentner Drummond in a challenge of the EPA’s new methane emissions limits prompted the SEC this week to delay implementaton of its final rule on climate requirements of the oil and gas industry. The Securities and Exchange Commission announced it will hold …

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US Strategic Petroleum Reserve sits at about half of what it was two years ago

  Oklahoma’s U.S. House and Senate members who unloaded heavy criticism on President Biden for his 2022 use of the nation’s Strategic Petroleum Reserve to lower gasoline prices no doubt had more criticism over the administration’s latest delay in refiling the Reserve. After announcing in March it intended to acquire …

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Wildfire hearings conclude in Texas Panhandle with criticism of state firefighting agencies

  Those legislators who held an investigation into the Texas Panhandle wildfires that left 3 persons dead and more than a million acres burned got an earful of complaints from residents as a hearing concluded recently in the city of Pampa, Texas. Residents complained loudly about state agencies and their …

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Crude reaches $90 mark

(Photo by JACK GUEZ/AFP via Getty Images) The warfare in Gaza and Ukraine prompted crude oil prices Thursday to gain more than a dollar and settle higher than $90 for the day. Global benchmark Brent rude for June finished up $1.30 or 1.5% at $90.65 a barrel on ICE Futures …

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Senate committee approves easing Open Meeting requirements for Corporation Commission

  With Oklahoma Corporation Commissioner Kim David present, a State Senate Committee on Thursday approved a bill to create exemptions from the Oklahoma Public Meetings Act for the 3-member regulatory agency. While the Oklahoma Press Association remains neutral on the issue, some wonder if there will be less transparency and …

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Lankford attacks Biden administration’s continued hostility toward oil and gas

  Oklahoma U.S. Sen. James Lankford took another swing this week at the Biden administration over its attack on the oil and gas industry. This time, he and Wyoming Sen. John Barrasso and other Republican Senators in raising concern to US Treasury Secretary Janet Yellen about targeting the industry with …

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