Nation’s rig count takes a fall while Oklahoma remains steady

A dollar-a-barrel jump in crude oil prices on Thursday came aftr OPEC+ indicated it would continue with production cuts. But adding to the increase were continued attacks on Russia’s oil refineries and a drop in the U.S. rig count. It also led to gains for Oklahoma energy stocks.

Oklahoma’s oil, gas rig numbers hold steady

As Okahoma’s rig count held steady in the past week,the number of active oil and gas rigs across the U.S. dropped by 3 to 621, reported Baker Hughes Co. in a release on Thursday. Oklahoma remained steady at 44 rigs but was still below the 59 reported by Baker Hughes a year ago.

Filling up at the gas pumps costs more in Oklahoma than a year ago

Forget the thought of falling gasoline prices. Oklahomans are now paying far more for a gallon of gasoline than they did one year ago. The statewide average, according to AAA Oklahoma, reached $3.

Oklahoma among top 10 for renewable energy production

A new study finds that Oklahoma is one of the top 20 states in the U.S. for its production of renewable energy. The state ranks number 6 in the U.S., largely because of the wind power and wind farms that exist. The ranking is based on 2022 figures showing Oklahoma produced 39.

Gains in crude stockpile recorded at Cushing

The amount of crude oil in storage at the Cushing Hub in northern Oklahoma and across the U.S. increased in the past week, according to a new report from the U.S. Energy Information Administration. Cushing’s oil stocks rose 2.1 million barrell from 31.4 million on March 15 to 33.

Green energy efforts could see soybeans replace corn as No. 1 crop

If President Biden’s decarbonization plan works as intended, it might mean corn will be replaced as the king of all crops in the U.S. Under his plan, huge government subsidies will be offered to boost demand for soybean oil which is key to renewable diesel production.

NCBA Believes OFF Act Would Harm US Beef Industry

From staff reports Senior Director of Government Affairs at the National Cattlemen’s Beef Association, Tanner Beymer talks about the OFF Act, Farm Bill, changes to the Packers and Stockyards Act, and more. “That OFF Act is something that just keeps getting introduced like a bad penny,” Beymer said.

Emergency Drought Commission discusses projects, funding

From staff reports Last week the Oklahoma Emergency Drought Commission met to discuss state-funded drought relief projects and plans for the 2024 fiscal year. Oklahoma State Forester Mark Goeller gave an update on state fire statistics.

Neighboring dairy cattle test positive for HPAI

From staff reports The U.S Department of Agriculture confirmed March 25, that Highly Pathogenic Avian Influenza (HPAI) was detected in four dairy cow herds—two in Texas, and two in Kansas.

Market holds steady; producers await plantings, reports

From staff reports STILLWATER – Kim Anderson, Oklahoma State University Extension grain market economist, last week discussed the latest crop pricing. “There hasn’t been much movement at all in crop prices over the last couple of weeks, or maybe even over the last month,” he said.