Oil prices dropped Wednesday over reports showing an unexpected increase in U.S. crude and fuel stockpiles, adding to the concerns about an oversupply of crude oil. Prices were also affected by supply risks caused by U.S. sanctions against Russian oil producers. There was also a report that indicated the U.S. renewed its push to …
H&P to Reactivate Seven Saudi Rigs in 2026 Helmerich & Payne, Inc. announced that notice has been received to recommence operations on seven land rigs in Saudi Arabia that are currently under suspension. The reactivations will occur in stages throughout the first half of calendar year 2026. In accordance with the terms of the drilling …
Creek County Residents Push Back on Battery Storage Plan Residents near a proposed battery storage project in Creek County are pushing back on the project proposed by Sofos Power, a firm based in Spain and also with headquarters in Atlanta, Georgia. The project is called the Silver City Resilient Power Battery Energy Storage project and …
ONE Gas Chair John Gibson Retires; Hersman Named Successor ONE Gas, Inc. announced that John W. Gibson, 73, will retire from the board and as chair after the Company’s Annual Meeting for Shareholders next May and be replaced by the former chair of the National Transportation Safety Board. Gibson has served as chair since ONE …
Oklahoma Regulators Weigh FERC Order on Large Load Rules After cancelling a planned meeting on Wednesday, the Oklahoma Corporation Commission will hold a special meeting on Thursday in Oklahoma City. It will focus on the Federal Energy Regulatory Commission and a recent order regarding large electrical loads and the Interstate Transmission Company. The discussion and …
U.S. ENERGY Maine regulators deny CMP rate increase Maine regulators rejected a proposed Central Maine Power rate hike that would have increased the average monthly bill by $35. Regulators directed CMP to submit a new plan that better considers impacts on consumers. Federal investigators outline Key Bridge collapse Federal investigators detailed what caused the Francis …
Sapulpa Pipe CEO Arrested on $66M Federal Fraud Charges Federal authorities arrested Derek Wachob, the CEO of the oil and gas pipeline supplier based in Sapulpa, on charges of federal wire fraud. The U.S. Attorney’s Office in the Southern District of New York confirmed the arrest and explained the charges were that Wachob, 53, had …
Oklahoma Expands Operation Guardian With Third Border Sweep Oklahoma’s coordinated effort with ICE agents to remove illegal immigrant truckers from state highways expanded again this week, as authorities staged the third Operation Guardian sweep at Durant, near the Oklahoma–Texas border. The operation took place at the port of entry on U.S. Highway 69, a major …
U.S. rig counts remain low as production efficiencies improve Data source: Baker Hughes Company Note: Excludes any miscellaneous rigs The average number of active rigs per month that are drilling for oil and natural gas in the U.S. Lower 48 states has declined steadily over the past few years from a recent peak of 750 rigs …
JD Power Finds Outage Duration Increasing in Every Region A new study shows the length of electrical power outages across the United States is increasing, raising concerns for customers who rely on consistent electricity for work, health, and daily needs. Utility Dive reported the findings, which stem from a recent survey by J.D. Power examining …
