March 2021 archive

Private exploration firms outpacing the majors in oil patch

  A report by Bloomberg reveals private operators in the oil and gas industry are making larger strides than the ‘Big Boys’ in terms of putting rigs in the oil patch. Smaller private operators, including Quantum Energy, a firm with major Oklahoma operations is one of the leading exploration firms at this point, trailing only …

Continue reading »

Texas utility files for bankruptcy protection after massive winter storm bills

  While Oklahoma utilities are asking for regulatory relief from the Corporation Commission, at least one utility in Texas handled the high winter storm costs another way—it filed for bankruptcy protection. Brazos Electric Power Cooperative, Inc, the state’s oldest and largest electric power cooperate filed Monday in federal court in Houston and cited a $1.8 …

Continue reading »

Millions of acres of leased public land sit idle

  A new report shows that of nearly 21 million acres of federal public land has been leased by the oil and gas industry, nearly half sits idle. Millions of acres are unused according to the Center for Western Priorities which stated that of 20.9 million lased to oil and gas explorers, 9.9 million is …

Continue reading »

OWRB approves over $1.9 million for infrastructure improvements for six Oklahoma systems

Nearly $2 million in infrastructure improvements to counties and cities were recently funded by the Oklahoma Water Resources Board. The largest of the projects was $1,575,000 n funding for the Cherokee County Rural Water District No. 11. The District will use the funds to lay 3,120 feet of new 6-inch water line to connect Cherokee County …

Continue reading »

Newest Evergy board member is a former US Senator

  Former Louisiana Democratic U.S. Sen. Mary Landrieu has joined the board of directors of Kansas City-based Evergy, Inc. as a result of the company’s new agreements with Bluescape Energy Partners LLC and Elliott Investment Management L.P. Landrieu’s appointment was effect March. Also named to the board following the agreement was Bluescape Executive Chairman C. …

Continue reading »

Civeo reports improved earnings and leverage ratio

  Canada’s Civeo Corporation, the man-camp provider with services worldwide and an operation in El Reno, Oklahoma reported a more than $2 million loss in the fourth quarter 2020 but also managed a reduction in its leverage ratio. The company had fourth quarter revenues of $133.4 million and an operating cash flow of $36.7 million. …

Continue reading »

Out-of-sight gas bills leave small towns struggling

  The historic cold weather and accompanying record gas bills could force a small northeast Kansas town to become unincorporated because it cannot afford to pay its home-heating debt. Denison is a small town of fewer than 200 people in Jackson County north of Topeka and it owes about $241,400 in gas bills, double the …

Continue reading »