The snorts, grunts, huffs and chuffs of bison roaming the Joseph H. Williams Tallgrass Prairie Preserve are music to the ears of wildlife conservationists celebrating 30 years of success reintroducing the great beasts to the Oklahoma prairie. “The preserve has a unique soundscape,” said historian and author James Ronda. “I’ve heard the wind rustle …
Silver Point Capital finalizes $50 million sale of Gulfport Energy shares
The decision by one of Gulfport Energy’s investors to sell more than half-a-million shares in the company was finalized with a sale locked in at $50,515,500. A regulatory filing showed the sale by Silver Point Capital L.P. involved 550,000 shares that were sold at a value of $128.21 each. Gulfport Energy Corporation announced earlier …
Energy quick reads
** Alaska’s looming natural gas shortage is getting increased attention this week along with more talk about negative impacts that might occur as gas supply falls in the coming years. On Tuesday, Anchorage Mayor Dave Bronson announced that he formed a coalition of Southcentral Alaska mayors to study solutions to the potential shortage. ** Ovintiv’s Board of …
Crude prices gain as oil stocks fall—OK energy stocks record big increases
Not only did crude oil prices gain about 1% in Wednesday’s trading, it turned out to be a big day for Oklahoma energy stocks as some had gains of 6% and 8% with a handful more making 4% increases. Oil prices rose from a five-month low following a bigger-than-expecced weekly removal from U.S. crude storage, …
Cushing Hub sees increased crude oil stocks while nation’s total falls
While the nation’s crude oil stocks declined in the past week, the amount of crude oil held in storage at Oklahoma’s Cushing Hub increased. The U.S. Energy Information Administration reported the nation’s oil stocks fell 4.2 million barrels, from 445 million barrels on December first to 440.8 million barrels as of December 8. The …
Williams Cos. leader defends natural gas at COP28 stage in Dubai
Natural gas will continue to play a critical role in reducing emissions by replacing coal for power generation while reliably backing up renewable energy sources, said Williams President and CEO Alan Armstrong at COP28, the United Nation’s climate meeting in Dubai. Last year, countries around the globe burned more coal to generate electricity than any other time …
Hydrogen hub projects attracted lobbying interests of oil and gas firms
A report that was critical of the oil and gas industry for its lobbying of the federal government over hydrogen development projects claims more than 30 such firms spent close to $41 million in the lobbying efforts. The Energy News Network, in conjunction with the group called Open Secrets, revealed lobbying efforts increased tenfold …
Massive renewable energy project to benefit union workers
Union workers will benefit from the $5 billion electrical transmissionline that will carry wind-powered electricity from New Mexico and across Arizona to California. The International Brotherhood of Electrical Workers (IBEW) announced this week the signing of a labor agreement to build the 580-mile SunZia Clean Energy Transmission and Wind Infrastructure project line. Total estimated …
High-tech farming just made another advancement
Oklahoma City’s Deep Sand Technology, a company created by farmers with GPS Guidance in mind, announced it joined forces with a satellite data mining company, GEODNET Foundation, to create precision agriculture services to rural parts of the country. The two will focus on what is known as Real-Time Kinematic services, in other words, using …
Seven more companies join research efforts at Halliburton Labs
Halliburton Labs, an effort of parent company Halliburton to advance the future of energy, announced seven more companies have joined the collaborative environmental effort. Located in Houston, the lab welcomed the participation of Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions and XtraLit. This is part of Halliburton Labs’ ambition …