February 2024 archive

Empire Petroleum is banking on North Dakota projects to make it a good production year

  In an update for its North Dakota drilling efforts, Tulsa’s Empire Petroleum said it expects 2024 to be a year of progress. Empire also announced preliminary operational and financial results for the fourt quarter and at the same time, informed investors of the program to further develop the Starbuck Field in North Dakota. The …

Continue reading »

Annual shareholders meeting of ONE Gas set for May

  ONE Gas, Inc. announced the date of its Annual Meeting of Shareholders. It will be held as a virtual-only meeting format on Thursday, May 23 at 9 a.m. Central Daylight Time. The meeting will also be audio webcast on the ONE Gas website, www.onegas.com. The record date for determining shareholders entitled to receive notice …

Continue reading »

Senator Mullin wants halt to EPA tailpipe rule—says he’s committed to fighting it

  Oklahoma U.S. Sen. Markwayne Mullin isn’t giving up on his fight against a proposed new EPA tailpipe rule. Last week he joined other Senators and Representatives in urging the President and Shalanda Young, Director of the Office of Management and Budget to halt the rule. Republicans contend it’s a green energy effort to push …

Continue reading »

Did Devon Energy’s shift of more money to the Permian Basin work in the 4Q?

  After increased oil production along with gains in cash flow and cash balances and reduction in debt during its third quarter, Oklahoma City’s Devon Energy will be releasing its fourth quarter financial report this week. The company will release the report following the close of markets on Tuesday. It will be followed by a …

Continue reading »

Effort to close some of Oklahoma’s Open Meetings Act before House Committee

While members of an Oklahoma state House committee prepare to hold a hearing this week on a bill to grant certain exemptions from the Open Meetings Act to the Oklahoma Corporation Commission, a similar attempt in Kansas is reported to be dead. Ardmore Rep. Tammy Townley’s HB2367 would make the three commissioners exempt for certain meetings, …

Continue reading »

Record high temperatures Tuesday before cold weather hits us again

  The map above depicts the potential situation this week for western Oklahoma as temperatures could hit record highs into the mid 80s before plunging more than 30 degees Tuesday night. Here’s how Oklahoma Mesonet Climatologist Gary McManus described things in his Mesonet update. “Now along the way to that changeover it’s gonna be a …

Continue reading »

Energy quick reads

** Ford Motor Co. is in the midst of a five-year “recall of a recall,” reinspecting more than a quarter-million vehicles after the company discovered sloppy work and false billing by dealership technicians during the required replacement of dangerous Takata air bags. ** Federal regulators have granted Native American tribes more power to block hydropower …

Continue reading »

Buffett’s Berkshire paid $2.6 billion for Flying J truck stops

  Just how much did Warren Buffett’s Berkshire Hathaway pay to acquire the final 20% of the Pilot Travel Centers that exist across Oklahoma and other states? Reuters reports it was $2.6 billion, but was actually higher. The company had to first resolve a lawsuit over the price so the real total was about $13.6 …

Continue reading »

New Mexico oil and gas operator hit with fraud charges

    A woman who ran oil and gas businesses in northwest New Mexico was recently indicted on charges of defrauding the federal government and two Indian tribes out of taxes and royalties. Teresa McCown’s  M&M Production & Operation Inc. and Shoreline Oil & Gas Company were operating in the state’s San Juan Basin. The …

Continue reading »

Crazy weather in Oklahoma this week

What a week of crazy weather in Oklahoma. Temperatures on Monday could hit 85 to 86 degrees in central Oklahoma and do it again on Tuesday before taking an estimated 33-35 degree plunge Tuesday leading to highs on Wednesday in the low 50s. But there is a caution about wildfire dangers in the western half …

Continue reading »