Friday , May 17 2024

OK Energy News

Oil drops below $90 in U.S. while OK energy stocks lost ground

  U.S. crude oil prices on Monday dropped below $90 for the first time in more than a week. What was behind the drop? Reuters attributed the decline to news that China’s July refinery output was the lowest since March 2020 as well as a stronger U.S. dollar and low …

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Increased volumes expected on Keystone pipeline

  According to the operator of the Keystone Pipeline that carries oil from Canada to the Cushing hub in Oklahoma, there will be more volumes of crude flowing through the line in the coming months. It already was on the increase in the second quarter as TC Energy said volumes …

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Gas prices keep falling—Oklahoma third lowest average nationally

  Oklahoma had the nation’s third lowest average for gasoline prices on Monday while the national average fell a dime in the past week to $3.95. Triple A reported the national slip was due primarily to stable oil prices and fewer drivers than usual fueling up. The national average for …

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Strong winds, falling tree and power lines caused massive New Mexico fire

  Power lines are believed to have caused the massive April fire that killed two persons and destroyed more than 200 homes in the Ruidoso, New Mexico area. The Albuquerque Journal reports it is the finding of a state investigator who said strong, gusty winds topped a drought-stressed tree causing …

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Act critics say it won’t help reduce inflation and won’t help country’s long-term energy needs

  While Democrats and the White House are celebrating their passage of the Inflation Reduction Act, one opposed by every one of Oklahoma’s U.S. Representatives and Senators, the impact on the state’s oil and gas industry and across the U.S. is coming. All it takes is for President Biden to …

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Oil and gas exploration leads to new wells in Oklahoma

  From Kingfisher to Garvin to Carter County in Oklahoma, several large producers have been reported by energy companies. Continental Resources Inc. completed a Carter County well with production of 1,099 barrels of oil a day and 160 Mcf of natural gas. Drilled at 6 2S 3W, four miles southwest of Ratliff …

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Brigham Minerals might merge after sale of Oklahoma assets

  After Brigham Minerals acquired holdings in Oklahoma in February, then disposing of it in recent weeks, the Austin-based company is reported to be exploring options that include a sale or even a merger. But Brigham CEO Rob Roosa isn’t discussing it, telling those attending an earnings call he wouldn’t …

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ONEOK names Senior V-P for Communications

  ONEOK Inc. announced the appointment of J. Darren Wallis as the company’s Senior Vice President of Communications and Community Relations. The announcement said Wallis will report directly to ONEOK President and Executive Officer Pierce H. Norton II. Before Joining ONEOK, Wallis was vice president of communications for the North …

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Oklahoma Energy Secretary resigns after 4 years

  Governor Kevin Stitt on Monday plans to announce his selection for a new Oklahoma Secretary of Energy and Environment after Ken Wagner said he plans to leave the office effective September 3. The governor announced Wagner’s resignation on Friday and said he would have a new appointment by Monday. …

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