President Trump’s vow to hold Iran responsible for any future attacks by the Houthis on American ships in the Red Sea sent crude oil prices up on Monday. “Every shot fired by the Houthis will be looked upon, from this point forward, as being a shot fired from the weapons and leadership of IRAN,” …
Galvanic Energy, with its subsidiary Bright Star Exploration, announced Monday that Chief Financial Officer Jeremy Humphers, CPA, will assume a new leadership role as the company’s president. Humphers’ career spans nearly three decades, with 26 years of experience in the energy sector, including more than 20 years at Devon Energy Corporation. Humphers is a graduate …
A recent decision by El Paso Electric to join the Southwest Power Pool’s Markets+ group has riled up the New Mexico Public Regulation Commissioners. The SPP is the same power grid that serves Oklahoma. Its Markets+ division is a regional day-ahead market that faciilities increased collaboration between utilities. But the New Mexico regulators feel …
A growing sinkhole from an abandoned oil well in west Texas has alarmed nearby residents and experts aren’t sure how to solve the issue. The sinkhole, nearly 200 feet in diameter and 40 feet deep, is located in Upton County. It is on the Kelton Ranch near the small town of McCamey. Click here …
Wildfires are still burning around Oklahoma following last Friday’s firestorm that left four persons dead, hundreds of homes destroyed and tens of thousands of acres of land darkened. The Oklahoma Forestry Services issued a report Monday showing which fires remained and what percentages were under control. It cited 39 ongoing fires and indicated some …
Some retirements in one of Oklahoma’s main wind energy companies, NextEra Energy, Inc. were announced. The company’s president and chief executive officer, Rebecca Kukawa plans to retire May 22 as part of a planned leadership succession process. Brian Bolster, currently executive vice president and chief financial officer (CFO) of NextEra Energy, will succeed Ms. …
Gasoline prices dipped to $2.66 a gallon in Oklahoma as of St. Paddy’s day, falling 7 cents from the previous week reported AAA. The nationwide average was down a penny to $3.07 per gallon and 9 cents lower from a month earlier. The price in Oklahoma was $2.58 or 13 cents lower than last …
Tulsa’s Helmerich & Payne revealed this week that it recently received notices of contract suspensions for two more rigs from the legacy KCA Deutag rig fleet operating in Saudia Arabia. It brought the company’s total rig suspensions in country to 14 rigs. The notification came after H&P’s first fiscal quarter of 2025 earnings release …
Cheniere Energy, which transports Oklahoma natural gas through its Midship pipelinle, announced completion of Train 1 at its Corpus Christi Stage 3 Liquefaction project. The firm said it was achieved March 16 and commissioning is complete. The company’s engineering, procurement and construction partner, Bechtel Energy has turned over care, custody and control of Train …
Western Oklahoma’s Granite Wash was one of only two oil plays in the U.S. to record increased rig activity over the past week. The Baker Hughes weekly rig count showed there was an increase in drilling in the play. Two rigs were added over the past week increasing the count to 10 rigs. The …
