A published report indicated the number of bankruptcies filed by energy companies increased in the third quarter of 2020 as they became apparent victims of the coronavirus pandemic. One of the latest of course was Oklahoma City-based Gulfport Energy which went to bankruptcy court with a Chapter 11 filing last weekend. The Houston Chronicle reported …
A 10-year project to build a new transmission line in New Mexico is close to completion according to Xcel Energy. Well, maybe not that close. It could take another two to three years to finish. The story from KVIH TV news.
Energy stocks in Oklahoma and those of companies with operations in the state showed a mix in Thursday’s trading. They joined a national movement of losses which reversed the gains made earlier in the week when Pfizer’s COVID-19 vaccine announcement was made. West Texas Intermediate crude dropped 17 cents on the barrel to end …
Former Chesapeake Energy accountant Amanda Rodriguez was named this week the chief financial officer for the state of Oklahoma. Gov. Kevin Stitt named her the state’s first such officer and she will become one of three women in the governor’s cabinet. Rodriguez worked with Chesapeake Energy since 2007 and in 2019, was named an …
Oklahoma Corporation Commissioners are being asked to make a proposed fifth order extending COVID-19 protections in their agency. The issue is on the Thursday agenda when the commissioners meet at 1:30 p.m. Tim Rhodes, Director of Administration at the Commission made the request to extend the restrictions for another 60 days. The restrictions include …
A new analysis of oil and gas activity by Enverus indicates only a modest recovery in the U.S. rig count since it bottomed out in July but at the same time, frac crew activity has picked up strongly in some parts of the country. The data analytics company headquartered in Austin, Texas made the …
The Federal Aviation Administration this week approved the return to the skies of Boeing’s troubled 737 Max airliner and it could mean the rehiring of workers at a handful of Oklahoma operations. “Five companies with major operations in Oklahoma got good news today with the FAA approval of 737 Max going back in service,” …
Houston’s NexTier Oilfield Solutions Inc. announced it has agreed to work with National Oilwell Varco, Inc. in field testing NOV’s electric fracturing system. Known as the Ideal eFrac fleet, the system, according to the announcement provides “environmentally conscious hydraulic fracturing capabilities that dramatically reduce emissions, equipment, and complexity at the well site.” The two companies plan …
A 100-day plan in a Biden administration proposed by the Solar Energy Industries Association has the support of the Oklahoma Solar Association but a spokeswoman says the state group won’t become actively involved in campaigning for it. Lindsey Pever, vice president of the Oklahoma Solar group responded to questions posed by OK Energy Today, …
** Louisiana’s oil industry criticizes the governor’s veto of a tax break for drilling new wells and bringing old ones back into production reported the Daily Comet. ** The Associated Press reported a new agreement among tribes, PacifiCorp, and the states of Oregon and California will advance plans to remove four hydroelectric dams on the Klamath River, which, if approved …
