Northwest Arkansas could be getting two new gas power plants in the future, courtesy of SWEPCO (Southwestern Electric Power Company), the state’s second-largest utility. It’s also another sign of the growing need for more electricity generation. SWEPCO electric grid planners recently offered some details in a presentation at a virtual conference held by …
** A top EOG Resources executive agrees U.S. shale oil production has likely peaked and is now in decline., reported Hart Energy. “I think U.S. shale oil has definitely slowed, there’s no doubt about it,” EOG COO Jeff Leitzell said June 24 in response to a question about peak U.S. oil at the JPMorgan Energy, Power, …
Oklahoma Energy Secretary Jeff Starling joined Republican Congressman Josh Brecheen in a recent Washington Examiner opinion piece citing their opposition to any more green energy subsidies. They might be getting their wish after the Senate voted Saturday night on proposed changes to end the subsidies. Entitled “Senate should stop funding failure, repeal green …
In their latest meeting at which the public was not invited, Oklahoma Corporation Commissioners discussed a possible interim study relating to oil and gas. Commissioners met behind closed doors on the afternoon of June 25 and huddled for more than one hour in a conference room of the Will Rogers Memorial Office buildiing …
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 …
