The annual meeting of stockholders in Mammoth Energy Services, Inc. was held this week in Oklahoma City. Shareholders approved the election of Arthur Amron, Corey Booker, Paul Jacobi, James Palm, Arthur Smith and Arty Straehla to serve as the company’s directors. The company stockholders also voted in support of the compensation paid to Mammoth’s …
June 2023 archive
Chesapeake’s annual shareholders meeting results
Shareholders in Chesapeake Energy took part in the company’s annual meeting this week, electing directors and executive compensation. The directors include Domenic J. Dell’Osso, Jr., Timothy S. Duncan, Benjamin C. Duster, IV, Sarah A. Emerson, Matthew Gallagher, Brian Steck and Michael Wichterich. Shareholders approved an advisory vote on the named executive officer compensation and plan …
Rig counts in Oklahoma and US leveled off in past week
The nation’s rig count is closer to leveling off in the past week with a decline of only one to 695 oil and gas rigs while Oklahoma added one to reach 44 rigs. Baker Hughes on Friday reported Oklahoma’s count compared to 59 a year ago. The U.S. count included an addition of one …
Sen. Lankford wants federal transparency of “artificial intelligence” use
Oklahoma U.S. Sen. James Lankford says the federal government should be required to show transparency of its use of artificial intelligence—the subject that is the target of growing controversy. Lankford was joined by Democratic Sen. Gary Peters of Michigan and Republican Mike Braun of Indiana in filing a bill to force such transparency by …
Law takes effect–natural gas is exempt from price gouging state law
Without any fanfare, Oklahoma Gov. Kevin Stitt signed a bill to exempt natural gas from the state’s anti-price gouging restrictions. House Bill 2561 was signed into law last month after it won large approval in the House and Senate. The House approved it on a vote of 81-12 in early March while the Senate …
Kansas congressman angry over EV makers choice against AM car radios
Add Kansas Congressman Jake LaTurner among those upset over the decision of EV makers to stop installing AM radios because the EV power interferes with the system. Rep.La Turner argues millions of people rely on AM radios for their weather, agriculture and emergency information—not to mention conservative news and talk shows. The Kansas Reflector …
Energy quick reads
** A shroud of smoke has sent solar power generation in parts of the eastern US plummeting by more than 50% as wildfires rage in Canada. Solar farms powering New England were producing 56% less energy at times of peak demand compared with the week before, according to the region’s grid operator. Electricity generated by …
Abandoned wells in Deep Fork National Wildlife Refugee to be plugged in federal funding project
Dozens of so-called orphaned wells in Oklahoma’s Deep Fork National Wildlife Refuge will be among those to be plugged under the Department of Interior’s investment of nearly $64 million announced this week. The $63.8 million is through President Biden’s Investing in America agenda and Interior Secretary Deb Haaland said it will put people to …
Causes determined for 2021 Boulder fire that destroyed hundreds of homes
Two years after the deadly and disastrous fire that destroyed hundreds of homes near Boulder, Colorado, investigators blame arcing Xcel power lines. Boulder County sheriff Curtis Johnson announced the conclusion of investigators saying embers buried for six days on a residential property reignited and together with sparks from an “unmoored” Xcel Energy power line …
ONEOK’s plan to buy Magellan Midstream faces opposition
One of the top shareholders in Tulsa’s Magellan Midstream Partners has come out against ONEOK’s $18.8 billion planned acquisition of the company. Energy Income Partners LLC, a 20-year old company that manages $5.1 billion, announced it intends to vote against ONEOK’s deal. It is the fourth largest shareholder in Magellan and has a 3% …