Yes, there really could be frost on the pumpkins sometime this week in Oklahoma. At least that’s the prediction and warning from Gary McManus, the State Climatologist with the Oklahoma Mesonet and the Oklahoma Climatological Survey. In his Tuesday morning newsletter, McManus wrote, “Oh by the way, the state will probably see its first …
Data center to be built in Denton, Texas
The North Texas city of Denton has been picked to be the site of a 300 megawatt blockchain data center by Core Scientific Holding Co. of Bellevue, Washington. Core Scientific is a blockchain infrastructure and digital asset mining firm and an affiliate of Tenaska Energy Inc., the same company with a power plant operation …
Other energy stories around the US and world
** Protests at the White House on Monday led to 136 arrests, including many Indigenous leaders opposing fossil fuel projects. ** The Western States Petroleum Association has filed a 91-page lawsuit against California’s denial of fracking permit applications, claiming it oversteps the administration’s authority as laid out in the state Constitution. ** Mexico’s president presented details on …
Apache ends flaring practice
No more flaring—it’s the decision of APA Corp., the holding company for Apache Corporation. The company announced this week it has ended routine gas flaring on its U.S. onshore operations saying it has achieved one of its 2021 ESG goals three months ahead of schedule. “In early 2021, we set out to eliminate routine …
Tapstone acquired in $419 million agreement
Less than a year after Oklahoma City-based Tapstone Energy completed a Mid-Con acquisition and became the largest leaseholder owner in Oklahoma, the firm has been acquired by Alabama-based Diversified Energy in a $419 million deal. Tapstone owns and operates thousands of wells in the state and has mineral rights on 750,000 acres. Under a …
To find a job or not find a job–Oklahoma update
Unemployed people in states that cut off benefits early didn’t come rushing back to work—that’s the headline of a monthly update from Oklahoma’s Office of Workforce Development. Bill Hancock, Business Services & Rapid Response Coordinator reported, “These extra federal benefits have become a lightning rod. Many business owners and politicians complain the money is encouraging people to …
Citizen Energy acquires more Oklahoma holdings
Tulsa-based Citizen Energy announced that it has entered into a definitive $153 million Purchase and Sale Agreement with an undisclosed seller for holdings in the STACK and SCOOP plays of Oklahoma. The Purchase and Sale Agreement provides that Citizen will acquire ~8,000 BOEPD of production (58% gas and 25% NGLs), 97 operated wells, 400 …
Oklahoma joins the march toward higher prices at the pump
No doubt about it—gasoline prices are going up and up with the national average rising 8 cents in the past week to reach an average $3.27 and Oklahoma’s average increasing 7 cents to an average $2.91 per gallon. But nearly half of the 77 counties in the state are close to or well higher …
Arkansas trucking company founder dies
The founder of Arkansas-based USA Truck Inc., Robert “Bob” Powell died this past week. He was 87 and led the giant trucking company headquartered in Van Buren, Arkansas. Click here for Arkansas Business report.
Oil prices make 1.5% gain in Monday’s trading
With a growing demand for more fuel across the globe, oil prices on Monday saw a 1.5% gain for the day and in the U.S. they reached the $80 mark. Oklahoma energy stocks didn’t have the same kind of day. West Texas Intermediate crude went up $1.15 or 1.5% and finished the day at …
