The Trump Administration is moving forward with its effort to overturn a move by the Biden administration to give protection to the prairie chicken, a decision last year that the oil and gas drilling industry considered to be a roadblock to more oil and gas production. In recent weeks, the government filed a motion …
Category: Oil & Gas
Energy briefs
** Constellation announced it has received regulatory approval from the Public Utility Commission of Texas for its previously announced acquisition of Calpine Corporation. ** Maryland regulators issue the final approval needed for US Wind to begin construction on a 114-turbine offshore wind farm, though local opposition remains strong and the possibility the Trump administration could intervene still …
Oil and gas drilling remains strong in Oklahoma
While the latest Baker Hughes rig count reported a drop of 2 rigs in Oklahoma to 50, most of the strong oil and gas plays in the state still saw continued activity. A breakdown of the oil plays showed only one with a decline of activity and that was the Granite Wash, which …
Nation’s rig count slips again but sees a gain in gas drilling
The nation’s rig count took another tumble in the past week with a decline in oil rigs but a gain in gas rigs. All the while, Oklahoma’s count slipped too. Baker Hughes reported Friday the total in oil and gas rigs fell by 4 to 559 and included a loss of 9 oil rigs, …
Resumption of trade talks sent crude oil prices up on Friday
Crude oil prices and Oklahoma energy stocks finished the week with strong gains—oil up more than $1 a barrel while some Oklahoma energy stocks rose as much as 7%. Crude oil prices made their first weekly gain in three weeks, thanks in large part to a favorable U.S. jobs report combined with trade talks that …
Annual meeting results announced at Expand Energy
Shareholders in Expand Energy attended their annual meeting this week and went through the usual process of electing directors, naming an independent auditor and approving executive compensation. Each of the 11 directors nominated by the company’s Board of Directors was elected by the shareholders. They’ll serve until the next annual meeting. Those chosen included: Domenic …
Mammoth Energy announces executive changes
Changes in leadership at Mammoth Energy Services, Inc. have been announced following the $109 million sale of some of its subsidiary holdings to Peak Utility Services Group, Inc. The biggest change will be the loss of Chief Executive Officer Phil Lancaster who resigned Mammoth effective June 30 to become an employee of Peak. In recent …
Another rate hike is coming for PSO customers and soon
The Oklahoma Corporation Commission’s recent decision, on a split vote, to approve Public Service Company of Oklahoma’s $730 million purchase of a 23-year old power plant in Jenks shows a distinct difference of opinion between at least two of the commissioners. It was a 2-1 vote to approve PSO’s request to purchase the …
Not everyone wants a data center near them
Skepticism to the possibility of a huge new data center in some areas of Oklahoma is not limited to just Oklahoma. Other states are facing the same kind of questions regarding the gigantic spread of the data centers, that not only require significant amounts of electric power but space too. Questions were raised …
Energy briefs
** The value of Tesla shares drops 14%, erasing $150 million of the electric vehicle company’s value, as CEO Elon Musk publicly spats with President Trump. ** Officials from Entergy New Orleans and grid operator MISO discuss how the lack of adequate transmission lines led to widespread outages in Louisiana over the Memorial Day weekend. …