After a few months of no reported drilling activity, based on Baker Hughes Co. rig reports, someone is drilling in the Mississippian play. The latest Baker Hughes rig count showed one rig active in the play but there is no designation whether it is northern Oklahoma or Kansas. Few changes were recorded in the …
Tulsa’s Williams Cos. might have support from the state of Virginia in the firm’s request of federal regulators to add another 55 miles of its 10,000 mile long Transco Pipeline. The growing data center industry in Virginia, according to the Virginia Mercury, is driving unprecedented energy demand and “straining the state’s natural gas …
** NOV Inc. hold a conference call to discuss its fourth quarter and full year 2024 results on Wednesday, February 5, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Tuesday, February 4, 2025. The call will be webcast live on …
OGE Energy Corp. took recent steps regarding its banking efforts. The parent company of OG&E recently extended its original $550 million unsecured five-year revolving credit facilities first entered into in December of 2021. The extension is to 2028 and involves Wells Fargo Bank, National Association, as Agent, JPMorgan Chase Bank, N.A. and Mizuho Bank, …
Oklahomans are familiar with U.S. Sen. James Lankford’s “Federal Fumbles” reports detailing what he labels as outrageous government spending. Kentucky Sen. Rand Paul’s similar effort is his annual Festivus Report and in the latest one released this week, the Senator cited the more than $15 billion the Biden administration’s Department of Energy spent “to …
While crude oil prices fell less than half-a-percent on Monday, Oklahoma energy stocks recorded a day with gains. Trading was reported to be “thin” ahead of the Christmas holiday, according to Reuters which reported there remain concerns about a supply surplus in the coming year. Some analysts predict such a surplus will hold Brent …
** President-elect Donald Trump is set to overturn a ban on some US exports of liquefied natural gas, or LNG, in a boon for US energy producers. ** –Hyliion Holdings Corp., an Austin, Texas developer of sustainable electricity-producing technology, announced it has been awarded a $6 million grant from the U.S. Department of Energy’s (DOE) Methane …
Members of the Oklahoma House received their committee appointments this week. Energy Committee and Utilities Committee appointments were among them, according to the announcement by House Speaker-Elect Kyle Hilbert. The Energy Committee will be led by Chair – Rep. Nick Archer, R-Elk City; Vice Chair – Rep. Ken Luttrell, R-Ponca City. The Utilities Committee …
Just because there are fewer oil rigs actively drilling for new crude oil in the U.S. doesn’t mean there is less oil production. It’s been confirmed by researchers at the U.S. Energy Information Administration which released November production numbers this week. Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska …
The Williams Cos. is running into some opposition in North Carolina over its plans to expand the Transco natural gas pipeline. Residents of the city of Oak Ridge recently spoke against the Tulsa-based company’s Southeast Supply Enhancement project that is also opposed by the Sierra Club which is mobilizing opposition. Plans were unveiled …
