Author's posts
Attorney General joins utility in warning consumers of solar scams
Attorney General Gentner Drummond and OG&E are partnering to warn Oklahomans about scams involving solar energy equipment and services. Drummond encouraged Oklahomans to remain vigilant in protecting themselves against phone scams. “Fraudsters are always finding new ways to separate unsuspecting individuals from their money, and this latest phone scam is no exception,” he said. “Oklahomans should …
OERB honors Corporation Commission with land restoration award
The Oklahoma Corporation Commission’s (OCC) Director of Administration Brandy Wreath accepted the Land Restoration Partnership Award from the Oklahoma Energy Resources Board (OERB) during its inaugural Impact Awards banquet, held Tuesday, May 14, 2024. Wreath attended the event on behalf of the OCC’s Oil and Gas Conservation Division (OGCD) which was recognized by OERB for the division’s efforts to identify and inform the uniquely Oklahoma program of land restoration opportunities. In a small gathering …
Crude stocks dropped in past week at Cushing Hub and across the US
Crude stocks across the U.S. and at Oklahoma’s Cushing Hub declined last week, according to a new report from the U.S. Energy Information Administration. The nation saw a drop of 1.5 million barrels of crude oil from 459.5 million as of May 3 to 457 million barrels on May 10. There had been a …
Empire Petroleum expects increased production in North Dakota to improve revenues
Tulsa’s Empire Petroleum company says it expects to see increased oil production in 2024 largely because of its extensive drilling efforts in North Dakota’s Williston Basin and the Permian Basin in New Mexico and Texas. In a first quarter report issued this week, the firm reported its average daily oil sales volumes grew by …
Higher crude oil prices led to increased revenue in April for Oklahoma
Oklahoma Treasurer Todd Russ reported the April gross production tax for Oklahoma saw a nearly 10% gain from March. He indicated the GPT totaled $90.7 million in revenues for April. It represented an overall increase for the month of $8 million or 9.6%. The Treasurer attributed the gain to increased crude oil …
Energy briefs
** A barge hit a bridge in Galveston, Texas, on Wednesday, resulting in an oil spill. The Galveston County Sheriff’s Office told a local news outlet that a giant part of the bridge fell off after the incident occurred. exas A&M University at Galveston said that the Pelican Island Bridge is currently “closed to all traffic …
More Tesla layoffs
The layoffs are growing at Tesla. The company revealed this week it intends to lay off 601 employees in California. Tesla filed a notice to state government. It’s the latest after CEO Elon Musk indicated last month his company would lay off more than 10% of its global workforce. Last year, the company employment …
Corporation Commissioners relucant to give direct support to Auditor Cindy Byrd
The Oklahoma Corporation Commission put the Oklahoma Office of Management and Enterprise Services on notice—it stands by the state’s Central Purchasing Act and required competitive bidding for contracts and an Attorney General’s investigation of the office. But it wouldn’t come out and directly give support to the State Auditor who peeled back the layers …
Crude oil prices dropped on fears of continued high interest rates
As crude oil prices dropped more than 1% in trading on Tuesday, thanks to U.S. data fueling concerns that interest rates will remain high, Oklahoma energy stocks responded with gains for the day. Because of increased producer prices in April, concerns grew that the Federal Reserve will maintain borrowing costs at elevated levels in the …
Energy Research group says North America has enough oil to last hundreds of years
Run out of oil soon in the U.S.? Don’t believe it predicts Tom Pyle, president of the Institute for Energy Research (IER), a free market think tank focusing on energy. The IER is out with its 2024 North American Energy Inventory and it shows North America has 1.66 trillion barrels of recoverable resources and the …