After a large jump in oil and rigs last week across the U.S. the industry saw a decline this week, according to the latest Baker Hughes rig count released on Friday. The U.S. total fell by two to 542 rigs while Oklahoma’s count was unchanged. The nation’s decline included a drop of 7 …
July 2025 archive
Regional power grid wins FERC accreditation
Southwest Power Pool announced a milestone in its commitment to securing a reliable energy future for the region: The Federal Energy Regulatory Commission (FERC) has approved SPP’s performance-based accreditation (PBA) and effective load carrying capability (ELCC) methodologies and its innovative Expedited Resource Adequacy Study (ERAS) process. These FERC orders represent a bold leap …
Air Force refuses access to New Mexico environmental officials to investigate forever chemicals at Cannon Air Base
New Mexico Environment Department Sec. James Kenney and New Mexico Attorney General Raúl Torrez asked a state court to order Cannon Air Force Base near Clovis to comply with state law and let inspectors collect on-site samples of toxic PFAS. The motion follows Cannon officials’ refusal to allow NMED inspectors to conduct environmental sampling during …
Energy briefs
** Wyoming lawmakers are wrestling with whether to green light potentially numerous nuclear waste sites throughout the state. Some say it’s good for the economy, while others say it’s not worth the risk. ** Nebraska regulators discuss the possibility of building small modular nuclear reactors in a small city, largely because of its electric transmission …
Corporation Commission’s ONG rate hike approval doesn’t create another increase on top of one that took effect in June
As a point of clarification to our article this week about Oklahoma Corporation Commissioners approving a more than $41 million rate hike for Oklahoma Natural Gas Company, the impact on consumers won’t mean another increase in bills following one in late June. As the Commission pointed out, the actual increase of $1.69 a …
Crude oil made gains of 1% on Thursday and OK energy stocks were up too
Crude oil prices and Oklahoma energy stocks made gains in Thursday’s trading following news of cuts to Russian gasoline exports. Plus, there was the news that oil major Chevron is getting approval to restart production in Venezuela. It actually sent prices falling before the close of trading. Brent crude, the global standard, rose …
Sen. Lankford used national TV news program to explain energy benefits of One Big Bill
Some of the national media finally caught up with Scott Mitchell talks Energy with Jerry Bohnen’s recent interview and discussion with U.S. Sen. James Lankford about the One Big Beautiful Bill and what it means for American energy. The Senator was on Mornings with Maria on Fox Business this week, telling her, “This is …
Empire Petroleum extends previously announced Rights Offering
Empire Petroleum Corporation, an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced that it has extended the expiration date of its previously announced subscription rights offering pursuant to which it intends to raise gross proceeds of up to approximately $5.0 million, including $2.5 …
Halliburton’s 2Q earnings doubled but soft market prompts adjustments
Halliburton Company more than doubled its net income in the second quarter. But the firm also admits the oilfield services market is softer than expected and is moving to address the “near term softness.” The Houston firm, which was founded in Oklahoma and remains an active oil and gas force in the state, reported …
NextEra Energy had a jump in 2Q earnings
NextEra Energy, the company whose subsidiary Persica Solar is in a fight with Wagoner County Commissioners over a proposed solar farm near the town of Porter, released a second quarter earnings report showing an increase to more than $2 billion in adjusted earnings. The Florida-based company’s net income attributable to NextEra Energy on …