A bill designed to put strict requirements on wind turbine blade disposal operators won nearly a unanimous support in the Oklahoma Senate. House Bill 2359 was approved Wednesday on a vote of 46-1 with the lone opposing vote coming from Sen. Nathan Dahm. The bill already received unanimous support in the House on a …
FERC denies Southwest Power Pool plan for self-funding of transmission line improvements
Efforts by the Southwest Power Pool to standardize a pathway for transmission owners to build and profit from network upgrades were rejected recently by the Federal Energy Regulatory Commission. Oklahoma is a member of the Power Pool. The plan was opposed by the American Clean Power Association which argued utility self-funding could lead to …
Forced pooling the target of reforms in Colorado
Forced pooling, such as exists in Oklahoma, is getting more attention in Colorado where some lawmakers are seeking to reform the process. Some of the state’s lawmakers want more transparency in the process and a bill to do so will face a public hearing this week before a Senate committee. The bill has its …
Quarterly financial report to be released by Mammoth Energy Services
Mammoth Energy Services, Inc. in Oklahoma City will release its first quarter financial earnings report next week, hoping to build on a fourth quarter 2022 where total revenue soared by 80% over the previous year. The release will be made after the market closes on Thursday, April 27. Leadership will hold a conference call …
Head of SEC grilled by Lucas and others about rule changes
Congressman Frank Lucas (OK-03) joined his colleagues on the House Financial Services Committee for a hearing on “Oversight of the Securities and Exchange Commission”. Lucas questioned U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler on the negative impact of the SEC’s proposal to publicly disseminate large security-based swap positions. Lucas also expressed his concerns at …
Growing salaries for energy company CEOs
The issue of soaring executive salaries. It’s a topic undertaken this week by Zacks Equity Research which explored why ExxonMobil XOM and Chevron CVX increased their CEO pay amid declining median worker salaries. At least one report said the average CEO compensation in the U.S. was $11.6 million at 20 large exploration and production companies while …
Gulfport to unveil 1Q results
After reporting nearly $749 million in net income in the fourth quarter, Oklahoma City-based Gulfport Energy Corporation plans to release its first quarter earnings report May 2. The company said the release will be on that Tuesday after the market closes. A teleconference and webcast will be held the next day, Wednesday, May 3 …
Devon Energy makes first investment in renewable energy
Oklahoma City’s Devon Energy just made its first step into investing in renewable energy and it did so with a $10 million investment of geothermal energy. The investment was with Fervo Energy, the next-generation leader in geothermal technology. The investment initiates a partnership between two technical leaders and applies Devon’s 50-plus years of innovation in …
Latest wells to be reported by drilling companies in the state
Here is a review of some of Oklahoma’s latest wells to be reported by energy companies. Calyx Energy III LLC of Tulsa filed a completion report on another eastern Oklahoma gas well. The Jasmine 3-28-33wh, located in Hughes County and southeast of Wetumka at 28 8N 12E , produced 1,346 Mcf of natural gas …
Energy headlines from the US and the world
** A Michigan GOP state lawmaker is asking Congress to demand all “federal resources available” to investigate whether Gotion High-tech, a Chinese energy company with U.S. subsidiaries, is doing business or attempting to do business with enemies of the United States. ** A Nevada county rescinds a geothermal energy company’s exploratory drilling permit in the Black Rock …
