The nation’s numbers of oil and gas rigs declined by two over the past week, reaching a new total of 543, according to the Baker Hughes Rig Count released Friday. Oklahoma’s count was unchanged from the previous week with 42 active rigs. The national number included a loss of one oil rig to 410 while …
Iran’s word that the Strait of Hormuz is open for all commercial oil tankers and commercial traffic and will never be closed again sent crude oil prices plunging Friday at nearly 12%. The news renewed optimism that the U.S. and Israeli led war that devastated Iran’s military sent oil prices into the $80 range weeks …
Oil prices plunged today after after Iran’s foreign minister said passage for all commercial vessels through the Strait of Hormuz was open for the remaining ceasefire period and U.S. President Donald Trump said Iran has agreed to never close the strait again. Prices dropped at least 12% for West Texas Intermediate crude and Brent crude, …
Oil prices rose on Thursday reaching $99 a barrel on the world market as skepticism took hold of investors over the renewed peace talks between the U.S. and Iran even as the impact of the naval blockade is evident in Iran. Oilprice.com reported Iran had suspended all petrochemical exports in the U.S. Naval blockade of …
The Oklahoma Space Industry Development Authority (OSIDA), in partnership with Dawn Aerospace, announced the opening of applications for the Runway-to-Space Spaceplane Challenge to attract more possible flight opportunities out of the western Oklahoma site. It is described as a first-of-its-kind U.S. competition which invites researchers to fly payloads aboard Dawn’s Aurora suborbital uncrewed spaceplane operating out …
Wearing bright blue tee shirts emblazoned with the words “Stop the Inola Smelter” about two dozen residents from northeast Oklahoma made a lobbying trip to the state capitol this week. Their goal? To convince legislators to join them in the fight against the $4 billion aluminum smelter proposed to be located near Inola and Tulsa. …
Oklahoma’s Continental Resources oil and gas company was one of several oil and gas firms whose leaders were to be called Thursday Energy Secretary Chris Wright and Interior Secretary Doug Burgum. The two leaders were to urge Continental and other fossil fuel firms to increase drilling in an effort to lower oil prices which have …
A bill firming what some legislators call an “historic agreement” between mineral owners and the oil and gas industry in the state was approved this week in the Oklahoma Senate. It came following decades of political disagreements over the interest accrued on royalty payments. The full Senate unanimously passed House Bill 1371, which updates the Production …
It’s been a few months since Oklahoma Corporation Commissioners held a non-public meeting where they gathered behind closed doors. But they held one this week, according to a filing made this week by the agency and some of it dealt with the cramped space where commissioners work in the Will Rogers office building. Commissioners Kim …
Naval blockade turned 10 ships around in Strait of Hormuz ** The United States continued to mount a naval blockade of Iranian ports in the Strait of Hormuz on Thursday, exerting financial pressure on Tehran while at the same time choking off a source of oil amid a historic global shortage. Ten vessels have been turned around at the …