West Texas Intermediate finished above the elusive $50 a barrel benchmark on Wednesday as oil prices were buoyed by a return to business following several weather-related disruptions, according to Bloomberg MarketWatch. October West Texas Intermediate crude, which expired at the day’s settlement, rose 93 cents, or 1.9%, to settle at $50.41 a barrel on the New …
September 20, 2017 archive
Public Meeting Fight Developing Over Firing at Texas Railroad Commission
A legal fight is brewing in Texas over public meetings and it has to do with this week’s resignation of the head of the State’s Railroad Commission. Kim Corley had been executive director since 2015 but was forced to quit this week. E and E reports she had been called to the office of Commission Chairwoman …
OKC Airport Gets $2 million Commerce Department Grant
Oklahoma City’s getting a $2 million U.S. Commerce Department grant to increase capacity of aircraft maintenance, repair and overhaul businesses to work on larger planes at the Will Rogers World Airport. Commerce Secretary Wilbur Ross made the announcement, awarding the grant to the Oklahoma City Airport Trust. The money is through the Department’s Economic Development …
Felony Trespassing Law Has Yet to Face Legal Challenge
Two and a half months after Oklahoma Gov. Mary Fallin signed a felony trespassing bill, one that environmentalists called an anti-protest measure, the new law has yet to be used against anyone. Rep. Scott Biggs (R-Chickasha) authored HB 1123 and tells OK Energy Today there has not been a legal challenge to the new law. …
Edmond Electric Crew Returning After Hurricane Help in Florida
Some of the Oklahoma electric crews sent to Florida following Hurricane Irma are headed home. Seven workers for Edmond Electric got the news this week after spending nearly 10 days on the east coast of Florida. Millions were left without electricity when the storm hit and the Edmond Electric crew of Wes Bennett, Mike Crow, …
Tulsa Gets $14 million Federal Grant for Airport Improvements
The Tulsa International Airport has received a nearly $14 million federal grant to upgrade a major taxiway. Sen. Jim Inhofe, chairman of the Subcommittee on Transportation and Infrastructure and a member of the Senate Committee on Commerce, Science and Transportation announced the $13.6 million grant from the Federal Aviation Administration. “The safety and modernization of …
Energy Producers Alliance Calls for Hike in Oil and Gas Production Tax
The Oklahoma Energy Producers Alliance has created a split in Oklahoma’s energy industry with a call to restore the gross production tax on oil and gas to 7 percent. The group says it conducted a poll and found 67% of those questioned support “restoring the Gross Production Tax to the historical seven percent for all …
Oil and Natural Gas Futures Settle Lower on Tuesday
Crude oil futures fell short on Tuesday as traders looked to upcoming weekly data on domestic crude inventories and weighed prospects for an extension on OPEC’s production cut agreement, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude dropped by 43 cents, or 0.9%, to settle at $49.48 a …