Monday , April 29 2024

Tag Archives: #OklahomaEnergy

Utility rate hikes likely to be a big political issue in coming state elections

    The issue of utility rate hikes in Oklahoma is becoming more and more a “hot button” political issue, hot enough that some feel certain controversial bills in the legislature haven’t moved because candidate filings are taking place for the remainder of the week. There’s the matter of whether …

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Candidates prepare to line up at the Capitol and one of them is a familiar face in Corporation Commission races

    The Oklahoma State Capitol will be a busy place this week as hundreds of candidates for federal, state and legislative offices make their filings with the Oklahoma State Election Board. The filing period is April 3, 4 and 5, daily from 8 a.m. to 5 p.m. One man …

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No drones allowed around Vance Air Force Base

    Drone operators are getting another warning from Vance Air Force Base in Enid….the Air Force doesn’t want you close to the training base. It could prove to be fatal for the pilots flying in and out of the base. The discovery of a drone within several miles of …

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Special meeting of regulators with oil and gas personnel

    Oklahoma Corporation Commissioners will hold another special meeting on Wednesday with the state’s oil and gas industry to get more input on storage regulations and issues. The commission’s Petroleum Storage Tank Division will hold the roundtable disccussion and the state’s three Corporation Commissioners might attend. The roundtable’s purpose …

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Crude oil prices made 1% gain in Monday’s trading and OK energy stocks saw moderate gains

The day after Easter, crude oil prices made a nearly 1% gain on expectations that demand will get a boost from economic growth in the U.S. and China. At the same time, OPEC+ is continuing with output decreases and Russian refineries are being attacked by Ukrainian drones. West Texas Intermediate …

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Lankford and others call out political meddling in oil and gas mergers

  Federal Trade Commission Chairwoman Lina Khan is being warned by Republican U.S. Sens. James Lankford and Markwayne Mullin along with a host of others not to follow what Democratic Senators want in the FTC probe of oil and gas mergers. Lankford along with Texas Sen. Ted Cruz, GOP Leader …

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EVs and what other states are doing about them and for them and because of them

  Despite opposition to the Biden administration’s spending of billions of dollars to promote electric vehicles and in effect kill gasoline-powered vehicles, other states report EV development. For instance, regulators in New Mexico have approved El Paso Electric’s transportation electrification plan that includes a $4,000 electric vehicle purchase rebate for …

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Losses reported in Empire Petroleum’s 4Q….leadership hopes to make 2024 a turning point

  Tulsa’s Empire Petroleum finished the fourth quarter of its 2023 fiscal year with a nearly $5 million net loss or 20 cents per diluted share. The company announced the fourth quarter financial report on Monday, explaining it posted a net loss of $4.8 million for the quarter and a …

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Peter Zeihan says Baltimore bridge collapse doesn’t affect economy as much as some claim

  The collapse of the Francis Scott Key bridge in Baltimore and the impact on U.S. shipping. Is it that big of an economic deal as far as the nation’s economy goes? One man who thinks it isn’t, is American geopolitical analyst Peter Zeihan who blames it on something Congress …

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More senior notes offered by Tulsa oil and gas firm

  Tulsa’s Vital Energy is expanding its previously issued $800 million in senior notes with another $100 million. The company announced Monday that it is offering the $100 million in 7.875% senior notes due 2032 in a private placement to eligible purchasers. In the announcement, Vital stated that it intends …

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