Monday , April 29 2024

OK Energy News

Legislator fights to make permanent Daylight Saving Time

Feeling sleep-deprived after Sunday’s bi-annual time change pushed clocks forward an hour? Don’t blame Rep. Kevin West, R-Moore. West authored House Bill 2217, which would send to a vote of the people a question on whether to adopt permanent standard time in Oklahoma. The measure was filed last year and …

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Crude oil prices held steady while natural gas dropped again on Monday

Not much change in crude oil prices occurred in Monday’s trading investors weren’t as nervous over the fighting in the Middle East and how it might affect supply. Chinese data suggested a weak demand and U.S. refining saw an increase in production. Natural gas took another tumble. West Texas Intermediate …

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US crude oil production topped rest of the world for 6th straight year

  Make it six consecutive years that the U.S. has produced more crude oil than any other nation in the world. The U.S. Energy Information Administration reported U.S. crude oil production, including condensate, averaged 12.9 million barrels a day in 2023. The production mark broke the previous U.S. and global …

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Slight gain in oil patch employment seen across the nation

  A report by the Energy Workforce & Technology Council shows a slight increase in employment in the U.S. oilfield over the past several months. Employment gains totaled 1,466 jobs, according to preliminary data from the Bureau of Labor Statistics. Job availability increased by 22.5% compared to January as the …

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Helmerich and Payne seeks investors

  Tulsa’s Helmerich & Payne plans to take part in at least two investor conferences this month. One will be the Piper Sandler 24th Annual Energy Conference  in Las Vegas on Tuesday and Wednesday, March 19-20, 2024. The second will be the NYSE Energy & Utilities Virtual Investor Access Day …

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Act by Rep. Lucas signed into law to protect American farmland from foreign ownership

  The efforts of Oklahoma U.S. Rep. Frank Lucas to protect U.S. farmland from foreign ownership, especially by Communist China, paid off over the weekend. President Biden signed into law the Consolidated Appropriations Act, which includes Congressman Lucas’s bill, the Agricultural Risk Review Act (H.R. 3378). H.R. 3378 adds the Secretary of …

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Oklahoma Attorney General honored with Freedom of Information award

    Attorney General Gentner Drummond has become the first ever attorney general to receive the Sunshine Award from Freedom of Information (FOI) Oklahoma. The prestigious honor is awarded each year to a public official for showing a commitment to open meetings and open records. The award comes during Sunshine …

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Turnpikes to get official new identification numbers

  Get ready for some new turnpike designations in Oklahoma. The Kilpatrick and the Kickapoo Turnpikes will soon have new numbers for their designations in the turnpike system. The State Turnpike Authority announced the John Kilpatrick Turnpike, the one that winds around north Oklahoma City to the west and south …

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Drilling rig numbers remain unchanged in Oklahoma but fall nationally

  As Oklahoma remained steady with 45 active drilling rigs in the past week, the nation’s total dropped by 7, reported Baker Hughes Co. in its latest oil and gas rig numbers. Oklahoma’s count remained at 45 rigs, still far fewer than the 61 reported last year at this time. …

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Former regulator campaigns for ROFR/NOFR bill to be passed into law

  The ROFR turned NOFR bill in the state legislature received the support this week of former Oklahoma Corporation Commissioner Jeff Cloud. In opinion piece in the weekend edition of The Oklahoman, a newspaper that has yet to carry a story about the controversial proposed bill that won approval in …

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