The number of oil and gas rigs active in the field held mostly steady in the past week in Oklahoma and across the nation, apparently taking a breather as crude oil prices bounced back to $84 a barrel in the U.S. The national count, per reported by Baker Hughes Co. slipped by one to …
October 24, 2021 archive
ONG’s push to raise gas bills
ONG’s request to raise rates by another $2.49 a month for residential customers goes before Oklahoma Corporation Commissioners this week. Regulators will have to consider the opposition from the utility’s customers. The request by Oklahoma Natural Gas covers a base rate hike of $28,693,017 according to the filing made by the utility in late …
Supply chain crisis not a joke to Oklahoma Representatives
“Further consideration of your massive expansion of social spending—–only stands to worsen the supply chain crisis.” US Transportation Secretary Pete Buttigieg might have shrugged off the nation’s supply chain crisis with a joke about Christmas Eve shopping, but it’s far more serious to Oklahoma Congressman Frank Lucas and other GOP members of the House from …
Well completions companies announce acquisition
Two Texas-based well completion companies, both with operations in Oklahoma are joining operations in a $407.5million deal. ProFrac Holdings, LLC reached agreement in the all-cash deal to take over FTS International, Inc, another firm headquartered in Fort Worth. ProFrac, based near Fort Worth listed operations in Oklahoma but as the picture above illustrates, the …