After warning investors it didn’t anticipate much growth in the nationwide demand for oil-drilling and fracking services, Halliburton Co. tumbled in trading. Considered the world’s biggest provider of fracking services, Halliburton, the company that got its start in southern Oklahoma saw trading fall as much as 7.4% on Wednesday in the S&P 500 Index …
A Canadian company that operates two north Texas wind farms filed suit this week against Citigroup Inc. for denying the firm’s force majeure declarations during the historic February storm and billing it more than $100 million for replacement power. Reuters reported Shannon Wind near Henrietta, Texas and Flat Top Wind near Comanche, Texas are …
Crude oil prices took another tumble in Wednesday’s trading settling at prices that are more than $2 lower than the start of the week. West Texas Intermediate crude for June delivery dropped $1.32 to $61.35 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for June delivery fell $1.25 …
The Oklahoma House passed a bill on Wednesday expanding the Rural Broadband Expansion Council. Senate Bill 802, authored by Rep. Logan Phillips, R-Mounds and Sen. James Leewright R-Bristow, expands the Rural Broadband Expansion Council by two members, from 14 to 16. One additional member would be a Wireless Internet Service Provider appointed by the Speaker …
Like Rep. Stephanie Bice, Oklahoma Congressman Frank Lucas, the ranking Republican on the House Committee on Science, Space and Technology wants important climate change information and not just the creation of another federal office. He spoke along with Rep. Bice at the opening of a Climate Change hearing held by a subcommittee on the Environment …
Oklahoma Congresswoman Stephanie Bice urged others on a House Committee hearing to avoid creating more bureaucratic layers as they explored climate change and how the government can provide information. Rep. Bice spoke as the ranking Republican of the House Committee on Science, Space and Technology Subcommittee on Environment. The subcommittee held a hearing entitled “Working …
The Oklahoma legislature on Tuesday sent Gov. Kevin Stitt the utility measures intended to spread the cost of historic February winter storm natural gas over a period of nearly 30 years. Senate Bills 1049 and 1050, if signed into law by the governor will ease consumers’ pain of paying for billions of dollars in natural gas costs …
Denver’s Ovintiv Mid-Continent Inc. did it again in the STACK with a five-well single-pad site that produced more than 4,200 barrels of oil a day. The five Maybel wells, located at 24 16N 8W, a site 3 miles west of Kingfisher and a mile south of state Highway 33, had completion dates in September 2020 but …
Led by Ranking Member Frank Lucas, House Science, Space, and Technology Committee Republicans sent letters to the Department of Energy (DOE) and Office of Management and Budget (OMB) requesting information about the Biden Administration’s efforts and plans to secure our country’s bulk-power system. Electric equipment security is a critical issue and threats to these systems could have devastating impacts …
** New data indicates Permian Basin oil and gas production is now close to pre-pandemic levels. ** A company developing what it says is the first plant converting food waste and wastewater into natural gas won initial approval from a California agency Tuesday to raise $13 million in the tax-exempt debt market to finance it. ** The nation’s largest …
