Saturday , May 4 2024

OK Energy News

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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Increased gasoline prices hold steady in Oklahoma

  Gasoline prices are holding at higher amounts this week, reaching an average of $3.22 per gallon across Oklahoma. It’s a penny less than a week ago but 15 cents more than one month ago reports the American Automobile Association. Still, you could live in California where the average is …

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Chesapeake Energy to release 1Q earnings report

  As it prepares for its merger with Southwestern Energy later in the year, Oklahoma City-based Chesapeake Energy Corporation plans a release of its first quarter operational and financial results. They will be made public after the close of markets on Tuesday, April 30. Company leaders plan to take part …

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Controversial solar farm approved near Lawrence, Kansas

    After nine hours of testimony, County Commissioners in Lawrence, Kansas approved a permit to allow construction of a 600-acre solar farm near the city. Farmers and other landowners opposed the Kansas Sky Energy Center, a project financed by Evergy. Environmentalists and others supported the project that, according to Solar …

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Solar eclipse produced millions in tourism revenue for Oklahoma

    The solar eclipse that attracted visitors to Oklahoma also brought in an estimated $42 million in tourism revenue reported the Oklahoma Tourism and Recreation Department. The figure is based on attendance of nearly 123,000 visitors to seven state parks who came to view the full or partial totality …

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Crude oil prices dropped 3% in Wednesday’s trading

  Crude oil prices and Oklahoma energy stocks were down in Wednesday’s trading….oil by 3% due to an increase in US commercial inventories along with weaker economic data out of China. Analysts suggested that investors are still keeping a wary eye on what develops in the Middle East where Israel …

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Oklahoma’s municipal bond market effort to resume after two-year absence

  The Oklahoma Capitol Improvement Authority, the state’s largest issuer of tax-backed debt, will return to the municipal bond market on Thursday for the first time since 2022. The Authority is scheduled to price nearly $168 millionof fixed-rate State Facilities Revenue and Refunding Bonds, designated the Series 2024A and 2024B Bonds, to …

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