Oklahoma officials who were behind a proposed hydrogen hub with Arkansas and Louisiana were left disappointed Friday when the Biden administration chose other clean-energy projects in seven states to be eligible for $7 billion in government funding. The HALO Hydrogen Hub was not among those chosen by the Biden administration. The proposal by the …
The number of active drilling rigs in the U.S. increased in the past week while Oklahoma’s count was unchanged. Baker Hughes Co. released its rig count on Friday showing Oklahoma stayed at 37, same as a week earlier but far below the 65 rigs reported one year ago. Nationally, the count increased by 3 …
Growing concern that a ground war by Israel into the Gaza Strip might widen the fighting in the Middle East sent crude oil prices shooting up nearly 6% on Friday while Oklahoma energy stocks scored strong gains too. The marked increase in prices occurred a week after Hamas carried out a deadly attack in southern …
** Federal authorities say they will not be investigating the Monday derailment of a Union Pacific Railroad train that was carrying Fort Carson equipment home from California. ** Offshore oil and gas permitting under President Biden has fallen to a low the energy industry has not experienced since the Bush administration two decades ago, according to federal …
How’s this for a payout? $151 million. It’s what Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield is in line to receive in the $60 billion acquisition of the company by Exxon Mobil. He’s 71 and has been the leader of Pioneer for more than 20 years. His payout would be mostly …
