The solar farm to be built on property owned by the Commissioners of the Land Office will be nearly adjacent to the city of Lawton. The Land Commissioners, as we reported earlier this week, approved a long-term commercial lease for a 4,349-acre solar farm in Comanche County. The Lawton Constitution reported the action refers to …
A new 419-megawatt wind farm in Fisher County, Texas, called Mesquite Star, is now online. Corporate and institutional customers including Intuit, Ecolab, Lowe’s, and Ivy League school Brown University have contracts for the wind farm’s output. Intuit’s aggregated power purchase agreement with developer Clearway Energy Group for wind power from Mesquite Star allowed the Mountain …
Texas oil producers burned a record $749.9 million by flaring or venting unneeded natural gas into the air, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Texas Railroad Commission, the chief industry regulator in the state, passed up the opportunity to curb flaring last month when it …
Seadrill Americas Inc. has notified its employees about pending layoffs at its office location at 11025 Equity Dr. Suite 150, Houston, Texas 77041, according to a notice sent to the Texas Workforce Commission on June 5. Seadrill provides personnel supporting the operation of a mobile offshore drilling unit, the Sevan Louisiana rig, currently located in …
The U.S. oil and gas labor market is one of the world’s most severely impacted by the latest economic downturn, according to recent Rystad Energy analysis of the latest US BLS labor data. According the firm, over 100,000 jobs in the sector have already been lost, with most of them coming from the support …
In a Securities Exchange Commission filing, ONEOK Inc. cited the COVID-19 pandemic as the cause for its public offering of 26 million shares of common stock at a price to the public of $32 a share. “We anticipate using the net proceeds from this offering for general corporate purposes, which may include the repayment …
Another oil and gas firm has filed Chapter 11 bankruptcy. Ultra Petroleum Corp. was considered to be one of the top oil producers in Wyoming but entered bankruptcy last Thursday evening, blaming months of financial problems associated with COVID-19 and the downturn in energy markets. “After several months of liability management efforts and careful consideration …
The Oklahoman’s Jack Money explored the recent sale of the 29-story SandRidge Tower in downtown Oklahoma City to the state of Oklahoma and described it as the “end of an era.” Click here to view his story.
It was one o’clock Friday morning when the U.S. Senate voted to invoke cloture on the Great American Outdoors Act. Oklahoma U.S. Sen. James Lankford was one of 19 Senators who voted against cloture while 65 others favored it. Sen. Jim Inhofe did not vote on the measure after Sen. Mike Lee, a Republican …
What will happen to oil and energy trading on Monday? It’s the question on the minds of many, whether they are investors in oil and gas companies or the leaders and employees of those firms. West Texas Intermediate crude oil futures closed Friday down 8 cents at $36.26 a barrel in trading on the …
