More drama at the corporation commission (what’s new, right?) ahead of the Supreme’s soon-to-be-revealed decision in the legislators versus Todd Hiett situation. A look at continuing efforts to stop Corporation Commissioner Todd Hiett from voting on rate cases for utilities. Scott Mitchell and Jerry Bohnen go deeper into a legislator’s efforts to stop the …
Oklahoma’s Hochatown to get ODOT attention
Hochatown, the far southeast Oklahoma town that some contend was really built anew by north Texas tourism, has the strong attention of the Oklahoma Department of Transportation. And it means not only needed highway improvements but construction for the next few years. Because of the rapid growth of the rental of modern-day cabins …
Chevron to spend less on cap-ex in 2025 in US
How much does the second largest oil company in the U.S. intend to spend on capital expenditures in the coming year? In a surprise move, Chevron admits it is cutting its expenses. Chevron, also one of the world’s largest companies says it intends to spend $14.5 to $15.5 billion in Cap-ex in 2025 in …
Halliburton’s 4Q results to be released in mid-January
Mark it on your calendar if you want to learn about the fourth quarter 2024 financial results for Halliburton Company. The firm, with major operations in Oklahoma, plans to release the results prior to a Jan. 22, 2025 conference call. The call will begin at 8 a.m. Central Time. The press release will be …
Energy Transfer to build nearly $3 billion new gas pipeline in the Permian Basin
Energy Transfer LP, the company that acquired Oklahoma City-based Enable Midstream in a $7.2 billion deal three years ago is expanding its operations in a nearly $3 billion deal. The Dallas based firm announced it reached a positive final investment decision for the construction of an intrastate natural gas pipeline connecting Permian Basin production …
Energy briefs
** The Biden administration has made a precedent-setting arrest related to anti-climate change activities this fiscal year, highlighted in a new report that shows a ramped-up enforcement effort against environmental offenses. The AIM Act led to the arrest of Michael Hart, of San Diego, in March on charges related to “smuggling potent greenhouse gases,” highlighted in …
Nation recorded big jump in oil and gas rigs while Oklahoma slipped one
As Oklahoma’s rig count slipped by one in the past week, from 44 to 43, the nation saw a significant gain of 7 rigs to a total of 589. The latest Baker Hughes rig count compared Oklahoma’s current rig numbers to 38 a year ago. Nationally, the count included a gain of 5 …
Prediction of a 2025 world crude oil surplus sent prices falling on Friday
After analysts predicted the world will see a surplus of crude oil in the coming year, prices dropped by more than 1% on Friday. Adding to the woes, Oklahoma energy stocks fell as well. Observers say a supply surplus is likely even as OPEC+ decided to delay its output increases for three months. West Texas …
New Mexico hits oil company with $48 million fine over environmental violations
New Mexico environmental regulators have hit Targa Northern Delaware LLC with a nearly $48 million fine and orders to do nearly $140 million in completion of projects and improvements to a processing plant. The New Mexico Environment Department (NMED) initiated an enforcement action against Targa Northern Delaware, LLC, a subsidiary of Houston, Texas-based natural gas …
Ritter Communications works hand-in-glove to expand broadband services in Arkansas
While Oklahoma has made recent strides of expanding its rural broadband service efforts in the state, a recent report showed neighboring Arkansas has led the nation in the increase of broadband connectivity since 2021. Arkansas’s success has also been due to Ritter Communications, a firm headquartered Jonesboro and serving 5 states. CEO is …
