Crude oil prices finished higher on Friday after climbing back from a drop following reports that OPEC+ had planned to increase production in August. The report indicated OPEC+ planned to boost production by 411,000 barrels a day in August. West Texas Intermediate crude finished up 28 cents or 0.4% to close at $65.52 …
The nation’s number of oil and gas rigs actively in pursuit of more energy resources declined even more in the past week and Oklahoma followed suit, according to the latest Rig Count report from Baker Hughes Co. Oklahoma’s count dropped one and as a result 46 rigs remain in active exploration. A year …
The acquisition of PHX Minerals Inc. was recently completed by Pennsylvania-based WhiteHawk Income Corporation and WhiteHawk Energy, LLC. As a result, PHX Minerals, formerly headquartered in Fort Worth, is no longer traded and is being delisted on the New York Stock Exchange. It also means WhiteHawk Energy took control of PHX holdings in …
As Oklahoma regulators recently focused on the state’s need for more electricity in the effort to expand economic growth and industries, Texas appears to be ahead of the game. “Spurred by data centers and population growth, demand for electricity in Texas is expected to nearly double by 2034,” is how Oil & Gas Watch described …
More than 500 workers at the Sandia National Laboratories in New Mexico are being laid off. The government facility said exact number of workers to lose their jobs is 510. It will reduce Sandia’s workforce of nearly 17,000 by between 1% and 3%. A spokesman explained the “realignment,” as it’s being described, will …
Williams announced it has priced a public offering of $1.5 billion in senior notes. The Tulsa-based pipeline firm said it intends to use the net proceeds of the offering to repay its near-term debt maturities and for other general corporate purposes. The offering includes $750 million of the company’s 4.625% Senior Notes due …
New Mexico legislators were told in a recent report the state could face upwards of $1.6 billion in costs in identifying and plugging an thousands of abandoned wells in the state. The 47-page report by the Legislative Finance Committee said the range of cost would be between $700 million and $1.6 billion and take …
It’s not a matter “if” highway construction projects will affect July 4th Holiday traffic in Oklahoma. It will. The list of construction projects provided by the Oklahoma Department of Transportation and the Oklahoma Turnpike Authority is a long one. From one end of the state to the other. The impact for holiday travelers will be …
More and more, the ability of new or expanding industry to produce some of its own electricity is becoming critical around the country. In something of a “behind the meter” move such as Oklahoma implemented this year with a new state law, allowing industries to generate their own electricity, a similar move was part …
** Federal regulators have issued a handful of gas-related orders that clear the path for new pipeline and energy infrastructure in the Midwest and along the Gulf Coast. The decisions from the Federal Energy Regulatory Commission come as the agency has taken steps to remove barriers to building gas pipelines, including granting a one-year waiver to a FERC rule …
