Monday , May 20 2024

OK Energy News

Gains seen in oil and gas rig numbers in Oklahoma and U.S.

    The number of oil and gas rigs active in Oklahoma increased by two in the past week and the total for the U.S. did the same, according to the latest figures released by Baker Hughes Co. Oklahoma’s count grew to 44, still far behind the 62 reported one …

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Legislative attempt to exempt Corporation Commission from Open Meetings Act

    An effort is underway in the Oklahoma legislature to make the Oklahoma Corporation Commission exempt in some of its work from the state’s Open Meetings Act and allow certain meetings of the commissioners without notifying the public. The bill, HB2367 by Rep. Tammy Townley of Tulsa, would allow …

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  The fight over ROFR or Right of First Refusal at the State Capitol in Oklahoma just became a hardball game, and it’s resulted in something of a firestorm for the state’s renewable energy industry. House Speaker Charles McCall, reportedly “furious” over the opposition by NextEra Energy to a possible …

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Senior VP retiring at Helmerich and Payne

  Tulsa’s Helmerich & Payne announced the retirement of Senior Vice President and Chief Financial Officer Mark W. Smith. He intends to retire in August of 2024 and the company has already launched a search to identify CFO candidates. Once he retires, Smith will remain as a senior advisor to …

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Rural firefighters worried about new training mandates

  Rural firefighters concerned about new mandatory training requirements issued by the state fire marshal recently jammed the state capitol office of State Rep. David Smith of Arpelar. Smith and Heavner Rep Rick West held the Feb. 21 meeting with 11 rural fire coordinators. “Volunteer rural firefighters are rural Oklahoma’s …

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Crude oil, natural gas and OK energy stocks finished the week down on Friday

Crude oil prices dropped about 3% in Friday’s trading and Oklahoma energy stocks also did not fare well for the day with most recording losses. Oil prices took a nose-dive after a U.S. central bank policymaker interested interest rate cuts might be delayed for another two more months. West Texas …

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Colorado legislators to consider bill to force summer “pause” in oil and gas drilling

  Not only do Democratic lawmakers and environmentalists in Colorado want to do something about fighting ozone issues in the state, they propose doing it by “pausing” oil and gas drilling in the summer months. It’s among the bills the legislators filed for their 2024 legislative session. “This is the …

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Small rural rail lines in Kansas to share more than $16 million for improvements

  Seventeen short-line railroads in Kansas will be sharing nearly $16.5 million for expanson and rehabilitation. The rail lines are located mostly in the western half of the state and the funding is from the Kansas Department of Transportation’s Rail Service Improvement Program. It is in the form of matching …

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Turning OKC’s Will Rogers World Airport into an International Airport

  Oklahoma City’s Will Rogers World Airport is truly about to become a “World” airport with international flight capabilities. The Airport Trust has voted to support a plan creating an international customs inspection center at the Airport, a move that would allow international flights to and from the airport. Currently, …

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Red Sea violence sent crude prices up in Thursday’s trading

  The Red Sea attacks by the Iran-aligned Houthis continue to weigh heavily on investors and sent crude oil futures higher in Thursday’s trading. However, the gains were also affected by a large build in U.S. crude inventories, seen even in Oklahoma. West Texas Intermediate crude for April delivery gained …

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