Oklahoma Corporation Commissioners are being advised by their own Public Utility Division to take certain steps to prepare for an expected flood of demands for increased electricity generation in the coming few years. It’s not a matter of 15 to 20 years down the road but perhaps 3 to 5 years. As Oklahoma confronts …
June 21, 2025 archive
Mammoth Energy announces sale of fracking equipment
Two of Mammoth Energy Services’ subsidiaries have sold all of the company’s equipment used in its hydraulic fracturing business in a $15 million deal with MGB Manufacturing, LLC. Mammoth reported the sale in a filing with the Securities and Exchange Commission, explaining the sale was by subsidiaries Stingray Pressure Pumping LLC and Mammoth Equipment Leasing …
Energy briefs
** The US announced new sanctions on entities and people securing machinery for Iran’s defense. The move is meant to weaken Iran’s military amid the conflict, and comes as countries warn Iran is close to developing a nuclear weapon after it increased its production of near weapons-grade uranium. ** A team of chemical engineers at …
Billion dollar loss in oilfield thefts in Permian Basin leads to state task force
The growing amount of oilfield theft in the Permian Basin of West Texas reached the boiling point in recent months, prompting the state legislature to create a task force to target the thieves. In signing three bills to go after the criminals, Gov. Greg Abbott called it an effort “bringing the full weight …
Oil rig counts slipped again in Oklahoma and US
A continued slump in the number of oil and gas drilling rigs was reported by Baker Hughes Co. in its weekly rig count released Friday. The nationwide count slipped by one to 554 rigs while Oklahoma’s count fell as well. The number of rigs in Oklahoma dropped two leaving 47 active rigs. It compared …