April 2025 archive

Ascent Resources launched major offer to buy up to $25 million of its common shares

  The offer will not be greater than $23.75 per common unit and subject to applicable withholding and without interest. An “unmodified reverse Dutch auction” tender offer requires the holders of Common Units who wish to participate in the Tender Offer to specify the number of Common Units such Unitholder wishes to tender and the …

Continue reading »

Transco pipeline’s Southeast Energy Connector commissioned

  Williams announced the successful commissioning of the Southeast Energy Connector in Alabama and the Texas to Louisiana Energy Pathway along the Gulf Coast. These fully contracted expansions of the existing Transco pipeline were strategically designed and built to reduce land use and minimize community and environmental impact while delivering additional natural gas volumes to the region. “I congratulate …

Continue reading »

Crude down, OK energy stocks up in anticipation of Trump’s trade war announcement

  When crude oil prices fall, Oklahoma energy stocks usually see a gain and that’s what happened Tuesday when crude prices edged lower. Traders sat back wondering what President Trump will announce Wednesday and if he will intensify a global trade war. The stumble in prices came after both benchmarks reached a 5-week high on …

Continue reading »

Northeast Oklahoma rural electric cooperative to boost rates

  Oklahoma Corporation Commissioners signed off Tuesday on a rate hike for Northeast Oklahoma Electric Cooperative that will increase residential bills to $35 a month. The request was approved on a 3-0 vote as Commissioners Kim David, Brian Bingman and Todd Hiett found a joint stipulation in which none of the parties involved objected, was …

Continue reading »

Workers charged with pollution of Oklahoma County creek

  Oklahoma County prosecutors recently filed two Bethany-Warr Acres wastewater treatment plant workers with felony charges of allowing sewage to leak into a northwest county creek. The workers, Glenn Brentnell, 63, and Anthony Menzie, 55, were charged following an investigation by the Oklahoma Department of Environmental Quality. Click here for The Oklahoman

Various energy bills to be reviewed by Senate Energy Committee

  More energy bills will be considered Wednesday in a meeting of the Oklahoma Senate Committee on Energy. The agenda includes consideration of bills about nuclear energy, solar energy, carbon sequestration and setbacks for wind towers. The meeting will begin at 10:30 a.m. Agenda: 1. Welcome and Introductions 2. SB130 – [Corporation Commission; directing Commission to conduct …

Continue reading »

Discussion grows about Permian Basin and end of peak production

  Oil and gas operators in the Permian Basin are getting some predictions that the basin likely could hits its peak production at the end of this decade. Some areas have already hit their geological limits following a decade or more of relentless drilling reported OilPrice.com. Click here for OilPrice.com

Arkansas legislators didn’t listen to former regulator about higher utility rates

  A former state regulator in Arkansas contends a bill to allow utilities to raise revenue for projects under construction will only lead to higher electric bills for consumers. John C. Pickett, former chairman of the Arkansas Public Service Commission told legislators it will defang rate watchdogs. Now an economics professor emeritus at the University …

Continue reading »

Gas firm makes another gas-acreage acquisition in Marcellus Shale

  Pennsylvania-based WhiteHawk Energy, LLC, the company that tried unsuccessfully in 2023 to acquire Fort Worth-based PHX Minerals announced this week a $118 million deal to double its ownership interest in Marcellus Shale royalties. The deal, according to the announcement involved 475,000 acres focused in Washington and Greene counties, Pennsylvania. The transaction has an effective …

Continue reading »

Why is there growing concern over Oklahoma’s water resources?

  For those curious why many state resources and agricultural leaders are expressing growing concerns about groundwater depletion in Oklahoma and other states in the Midwest, a recent detailed explanation was offered by Oklahoma Water Resources Center Director Dr. Kevin Wagner. It not only is an interesting read but a most informative explanation of the …

Continue reading »