Kansas City’s Tallgrass Energy has agreed with Korea Western Power to develop green hydrogen production, a process that makes hydrogen from renewable energy and electrolysis. The agreement covers the development of gigawatt scale green hydrogen and ammonia production. This announcement builds on a previous memorandum of understanding Tallgrass executed with Intersect Power, a leading …
July 2023 archive
Completion reports for July 4, 2023
completions: none were processed today
Permits to drill for July 4, 2023
permits: none were processed today
Patterson-UTI expansion continues with another acquisition
Patterson-UTI Energy Inc., a Texas company with drilling rigs located throughout Oklahoma, announced it has acquired Fort Worth-based Ulterra Drilling Technologies LP in a nearly $780 million deal. It is a move that will give Patterson a more global reach. Ulterra is a global provider of specialized drill bit solutions and will be acquired …
Energy headlines
** McKinsey & Co. joined the growing chorus warning that metals considered key to the clean-energy transition face shortages in coming years, potentially suppressing the adoption of electric cars, wind turbines and solar panels. ** US factory activity contracted for an eighth month in June, slipping to the weakest level in more than three years …
New Mexico governor on fast-track to force EV sales
California isn’t the only state with extensive plans to force consumers to choose electric vehicles, all in the name of clean air and the elimination of fossil fuels. New Mexico Gov. Michelle Lujan Grisham, whose state is home to part of the oil rich Permian Basin, announced a new plan to require vehicle makers …
Nine Energy investors wait to see if there will be a rebound from 1Q earnings
Nine Energy Service, Inc. plans to release its second quarter 2023 earnings report on Friday, August 4. A conference call will be held at 9 a.m. following the release of the financial and operating results for the Houston company that carries out operations in Oklahoma’s STACK and SCOOP plays. Nine Energy reported first quarter …
ODOT’s EV charging network plan advances
Oklahoma is a step closer to receiving millions of dollars to create an electric vehicle charging network in the state. The Oklahoma Department of Transportation completed its first update of Oklahoma’s Electric Infrastructure Deployment Plan as part of the National Electric Vehicle Infrastructure (NEVI) Formula Program through the Infrastructure Investment and Jobs Act (IIJA). …
Hail destruction and green energy going haywire
The people behind the website, Committee to Unleash Prosperity, are admittedly critical of the Biden administration’s love affair with renewable energy, the subject of climate change and pouring countless billions of dollars into them. Committee founder, Stephen Moore had a critical take on the recent story we reported concerning baseball sized hail and what …
Helmerich and Payne adds new director
An appointment of a new director to the Board of Directors at Helmerich & Payne, Inc. expanded the controlling board to 11 members. Elizabeth Killinger is the current Executive Vice President, NRG Home, a division of NRG Energy, Inc., which provides residential power and gas services to millions of customers through multiple brands and …