Look for a new look on downtown Oklahoma City’s Devon Tower. Devon Energy intends to spend $3.5 million to upgrade the LED lighting to meet the expectations the company had when the tower was completed in 2012. Standing 844 feet tall with 50 stories and a million square feet in office space, it …
February 17, 2024 archive
Rig count grew in Oklahoma in past week while it dropped across the U.S.
As Oklahoma’s oil and gas rig activity increased by one in the past week, the national numbers declined, according to the Baker Hughes Co. rig count released on Friday. Baker Hughes showed a one-rig increase as Oklahoma recorded 42 active rigs. A year ago, the state had 64 operating rigs at this time. …
Will Rogers World Airport could get a new name
A name change for Oklahoma City’s Will Rogers World Airport? It might occur as the Airport Trust recently decided to consider such a move after it took a survey of nearly 6,000 people about the airport. The survey was launched last October. At the time, Tracey Hamm, a representative for the trust indicated a …
Energy quick reads
** U.S. natural gas producers are slashing spending and reducing drilling activity following a sharp decline in prices, companies said this week during earnings presentations and analyst calls. ** House Judiciary Chair Jim Jordan, R-Ohio, cheered the news that multiple major U.S. banks and financial institutions are leaving a $68 trillion climate alliance founded at the …
Earthquake rattled Eagle Ford play over the weekend
Texas, not Oklahoma, was the latest state to be shaken by a significant earthquake. It was early Saturday morning when a 4.7 magnitude quake rattled San Antonio around 12:30. The depth, according to the U.S. Geological Society was 4.2 miles and the epicenter was about 1.5 miles southeast of Falls City, located 60 …
Commissioner points to reimbursement as another example of wrongdoing in winter storm bonds
Nearly four months after Oklahoma Attorney General Gentner Drummond issued a “put up or shut up” demand of Corporation Commissioner Bob Anthony over his fraud claims regarding the issuance of bonds to cover the 2021 winter storm prices, Anthony stepped forward with another piece of evidence to back up his charges. The Commissioner revealed …