Losses increased in 2Q for Mammoth Energy

Mammoth Energy Services, Inc. reported a drop in its second quarter total revenue and an increase in its net loss from $15.2 million in the first quarter to nearly $35 million in the quarter just completed. The company reported total revenue was $47.4 million compared to more than $60 million in the same quarter last …

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Crude oil makes gains along with Oklahoma energy stocks

  As US crude oil inventories continue their drop, both at the Cushing hub in Oklahoma and across the country, oil prices rose again in Thursday’s trading. West Texas Intermediate crude for September delivery finished up $1.23 to settle at $73.62 a barrel. Global benchmark Brent crude oil for September delivery increased by $1.31 to …

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Quarterly losses improve for Helmerich and Payne

  Helmerich & Payne, Inc. reported a third quarter net loss of $56 million or 52 cents a diluted share, but nothing like the $121 million it lost at the end of the previous quarter. And certainly nothing like the large losses it suffered in 2020 during the COVID-19 pandemic. The Tulsa-based company said it …

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Arguments heard in Supreme Court lawsuit against Corporation Commissioner

  The lawsuit challenging Oklahoma Corporation Commissioner Todd Hiett over an alleged conflict of interest was heard this week by a referee for the Oklahoma Supreme Court. The high court won’t have a ruling in the challenge by former Rep. Mike Reynolds until sometime in the fall. Reynolds claims Hiett should be disqualified from office …

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Poultry farmer’s use of solar polar attracts regional attention

  An Arkansas family’s use of solar power in its poultry operation attracts attention and leads to its being named the county farm family of the year. Stephen Boyd’s use of solar power for his farm also caught the attention of Oklahoma State University according to the Cleveland County Herald. Click here for Cleveland County Herald story.

Sen. Inhofe asks EPW committee witnesses to address Oklahoma water projects

  Oklahoma U.S. Sen. Jim Inhofe again used a Senate committee hearing to voice complaints about the backlog of hundreds of millions of dollars in repairs and improvements to the McClellan Kerr Navigation System in Oklahoma and Arkansas. He took part in a hearing by the Environment and Public Works Committee which explored testimony about …

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Enverus reports national drop in number of drilling rigs

  The U.S. rig count fell by five in the last week to 559 as of July 28, according to Enverus Rig Analytics. The number of active rigs is up 3% on the month and up 94% YOY. The last week did not see particularly notable changes in major plays. The company’s weekly report also …

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Colorado County adopts regulations that amount to oil drilling ban

  A Denver-area county adopted new oil and gas regulations this week that create a 2,000 feet drilling setback from homes, schools and parks. The move by the Adams County Board of Commissioners in essence is a ban on new drilling at the east edge of the city of Denver. The 3-1 vote also resulted …

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Largest solar farm in Kansas to be built near Kansas City

  Plans are underway by NextEra Energy to build a 2,000 acre solar farm near the Kansas town of Gardner at the southwest edge of Kansas City. The Shawnee Mission Post reports the 320 Megawatt West Gardner Solar Project will be the largest such solar farm in Kansas and could be online by 2023. Click …

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Kansas utility wants big increase in natural gas bills

  Kansas regulators are being asked by Black Hills Energy for authority to increase the bills of its customers, adding another $14.50 a month, in part due to the February winter storm. The natural gas utility serves more than 117,000 Kansas customers in 50 counties according to the Kansas Reflector. Click here for Kansas Reflector …

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