LSB Industries, Inc. headquartered in Oklahoma City says its Cherokee, Alabama operations are restarting after extremely cold weather resulted in a shutdown in late December. The company indicated that the phased restart began on Saturday, January 14. The cold-weather shutdown will mean a big loss in revenue for LSB. The company now expects fourth …
Oil and gas rig numbers dropped nationwide but remained steady in Oklahoma
The latest oil and gas rig numbers released by Baker Hughes Co. on Friday showed Oklahoma’s activity was unchanged from the previous week. The state’s count remained at 64 active oil and gas rigs. A year ago, the number was 50 according to Baker Hughes. Nationally, the rig count fell by four to 771. …
Rep. Lucas charges White House with ignoring congressional AI standards
Oklahoma Congressman Frank Lucas doesn’t think the Biden Administration is following the guidelines approved by congress for development of Artificial Intelligence. In his capacity as the new Chairman of the House Science, Space and Technology Committee, Rep. Lucas joined House Oversight and Accountability Chairman James Comer of Kentucky in sending a letter to the …
Headlines of other energy stories
** Vice President Kamala Harris and two cabinet secretaries on Thursday celebrated the start of construction of a new high-capacity power transmission line between Arizona and California, which they hope will lead to future solar energy farms in the desert outside Phoenix. ** The federal Bureau of Land Management cites the developer of the proposed …
Mammoth Energy asks Congress to force Puerto Rico to pay for hurricane work
Oklahoma City’s Mammoth Energy Services, Inc. remains in a battle to get paid the $375 million the Puerto Rico Electric Power Authority refuses to pay following the company’s 2017 power restoration following Hurricane Maria. It’s also asking Congress for help. The company responded to recent Determination Memos by the Federal Emergency Management Agency concerning …
Hydrogen hubs to battle for federal funding
Oklahoma’s plan for development of a regional clean hydrogen hub with Arkansas and Louisiana will be in some stiff competition for the federal government’s $8 billion in funding. The 3-state proposal received a notice of encouragement by the U.S. Department of Energy, but so did 32 other such projects. The 33 were out of …
Gulfport Energy comes under new leadership
Oklahoma City’s Gulfport Energy Corporation named a new President and CEO who’ll formally start his new job this week. The company announced the naming of John Reinhart as President and Chief Executive Officer as well as Director effective Jan. 24, 2023. Tim Cutt, who has served as Chief Executive Officer and Chairman since 2021, …
Cushing hub gains more crude oil in storage
The growing backup of crude oil nationwide has resulted in an increase at Oklahoma’s Cushing Hub where crude oil flows from across the nation. The U.S. Energy Information Administration reported Cushing now houses 31.4 million barrels of crude oil, a gain of more than 6 million barrels since the end of December 2022. The …
Avalanche wiped out power to Colorado town
The southern Colorado town of Ophir is recovering from a massive avalanche that took out electrical power to the residents and businesses on Thursday. Ophir is in San Miguel County and near the popular ski resort of Telluride. It has about 200 residents. The sheriff’s office indicated the avalanche was about 20 feet deep …
Gov. Lujan bashes oil and gas but jumps at using the industry’s revenue
There’s just something contradictory about a Governor of a state vowing to reduce pollution from oil and gas operations, while at the same time wanting an expansion of her spending goals funded by the same oil and gas projects. It’s what New Mexico Gov. Michelle Lujan Grisham did in her annual State of the …
