The nation’s oil and gas rig count made no dramatic change in the past week, losing two rigs to 616 while Oklahoma managed a gain of one to reach 37 rigs. A year ago, the state had 67 active rigs, according to the latest Baker Hughes Rig report released Friday. Nationally, the decline included …
The Southwest Power Pool, of which Oklahoma is a member, says it has made “significant” progress in advancing services to some of the several utilities now in the Western Interconnection of the SPP, including parts of Arizona. The first two weeks of November 2023 have seen SPP continuing to advance three of those services: …
A big drop in net income and earnings per share was reported in the third quarter by Unit Corporation. The Tulsa company made its financial report available on Frday, showing net income of $28.8 million and $2.94 a share in the third quarter, compared to $55.8 million and $5.60 a share a year earlier. …
Denver’s Ovintv Inc. has a reputation in Oklahoma for its large producing wells found in the STACK play, especially in Kingfisher County. In the remainder of the year, Ovintiv indicated in its recent third quarter financial report, it intends to bring on 26 net wells in the Anadarko Basin. The company reportetd its production …
The fourth quarter will likely be a busy one for Oklahoma City-based Devon Energy as it anticipates drilling and completing 100 more wells in the oil plays where it carries out exploration. The 100 wells would top the 81 wells brought online in the third quarter, according to the financial report recently released …
Not only did NGL Energy Partners LP see a huge jump in net income for the second quarter of its fiscal year, but a significant jump in the company’s adjusted EBITDA. The company released its financial report showing net income was $28.3 million in the second quarter of Fiscal 2024, nearly 9 times more …
** A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated this week, another blow to the Biden administration’s clean energy agenda following cancellations last week of two major offshore wind projects. NuScale Power, working with a group of Utah utilities, announced the cancellation. ** Illinois lawmakers are sending Gov. J.B. …
Oklahoma Congressman Tom Cole remains concerned about what President Biden did to the country’s Strategic Petroleum Reserve. In his most recent message entitled “From Rep. Tom Cole’s Desk,” the GOP Representative discuss how Biden’s administration has “significantly reduced energy production here at home.” He also noted how the President sold off more than 40 …
(Left to right) OG&E community affairs manager Emily Tate, Citizen Potawatomi Nation electrical director Justin Whitecotton, CPN housing director Scott George, CPN Vice Chairman Linda Capps, OG&E account executive Kylee Mendenhall, OG&E program manager Toney Cooper and an OG&E contractor take a break from weatherization activity at the tribe’s Father Joe Murphy Elder Housing community.) …
(Rick Muncrief, president and CEO of Devon Energy with scholarship recipient Krista Tarvin, veteran Scott Tarvin and Luke Sherman, VP of outreach at Folds of Honor.) Devon Energy announced a new partnership with Folds of Honor, a nonprofit dedicated to providing life-changing scholarships to spouses and children of America’s fallen or disabled military and …
