The latest Manufacturing Survey taken by the Federal Reserve Bank of Kansas City shows slight improvement for the Tenth District which includes Oklahoma. The survey covers July and according to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity continued to grow …
July 26, 2020 archive
Rep. Cole was a “yes” vote for the Great American Outdoors Act
We stand corrected in our report that Oklahoma Congressman Tom Cole was one of three Representatives from the state who voted against the Great American Outdoors Act passed last week in the House. He voted “for” the measure as did Oklahoma’s Democrat in the House, Rep. Kendra Horn. The measure was passed on a …
Oklahoma’s energy contraction grows to 21 months
Oklahoma is approaching nearly two consecutive years of decline in its oil and gas industry as indicated by the latest Oklahoma Energy Index. The Oklahoma Energy Index contracted sharply again in June as employment and rig activity fell to levels rarely seen in the 20-year window of the index. What started nearly two years …
OKC’s Kratos plant to be part of futuristic US Air Force drone program
Kratos Defense and Security, the California-based company with an unmanned aviation manufacturing facility in Oklahoma City and offices in the Tulsa area just won a $400 million part of the Air Force’s futuristic Skyborg Vanguard Program. Production of the drones for the program will be carried out at the Oklahoma City plant. Considered a …
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Mammoth Energy Services, Inc. is preparing to release its quarterly financial results this week. The company’s results will be made known to the public after the market closes on Thursday, July 30. A conference call will be held on the same day at 4 p.m. Central Time. The company reported a net loss of …
Oklahoma regulators to consider extension of gas well proration order
Months after voting to limit how much natural gas is produced in Oklahoma’s largest-producing wells, Oklahoma Corporation Commissioners plan a public hearing in August on extending the order. The Oil and Gas Conservation Division of the Commission announced a hearing will be held August 20 at 9:30 a.m. in the Commission’s headquarters building at …
Energy news in brief
** China’s biggest oil and gas companies finalized deals worth $56 billion to sell their pipeline networks to a new national carrier at premiums to their book value, a long-awaited step that’s being seen as a boost for investors. ** The Trump administration is going to proceed with the development of the largest gold and copper mine in the …
Texas inspectors monitor progress of Permian Highway Pipeline
The COVID-19 pandemic has drastically cut into oil and gas exploration in Texas but not construction of the Permian Highway Pipeline, one meant to carry natural gas from the Permian Basin to the ports of south Texas. Inspectors with the Texas Railroad Commission continue their inspections of the 400-mile line which is considered one …
Texas regulators sued for suspending oil and gas rules
Texas regulators have been sued over regulation action they took in May when they suspended some state rules over the oil and gas industry. The lawsuit was filed by the watchdog group Public Citizen and two Texas landowners who accused the Texas Railroad Commission of illegally suspending rules that protect public health and the environment. …