As U.S. Defense Secretary Pete Hegseth is in the headlines for the use of the messaging app Signal in which he reportedly revealed sensitive military secrets, now the office of Oklahoma Treasurer Todd Russ is involved in the same app. As reported by Oklahoma Watch reporter Paul Monies, the app was used by …
Category: Oil & Gas
Energy briefs
** Crescent Energy Co. has closed on its divestment of non-operated Permian Basin assets for $83 million as part of the company’s plans to sell $250 million of non-core divestures, Crescent CEO David Rockecharlie said April 22. ** Activist investor Elliott Investment Management should back down from its push to break up energy company Phillips …
Winter Storm Uri fee hikes prompt House committee approval of a bill
A Norman legislator wants to make sure utility ratepayers are not hit with the kind of historic bills that came out of the 2021 winter storm that resulted in bonds that won’t be repaid for nearly a quarter of a century. Sen.Lisa Standridge, a Republican authored a bill that recently won approval in the …
Treasurer accuses Drummond of “trampling constitutional boundaries”
Oklahoma Treasurer Todd Russ wasted no time in replying to the latest attack against him by Attorney General Gentner Drummond. He issued a statement Monday under the headline “State Treasurer Todd Russ Calls Out AG for Trampling Constitutional Boundaries.” In the release, the Treasurer emphasized the need for clear constitutional boundaries between state investments …
Crude oil prices and Oklahoma energy stocks drop over talks with Iran
The progress in talks between the U.S. and Iran over nuclear weapons development and continued sanctions against Iranian oil sent crude oil prices tumbling more than 2% on Monday and Oklahoma energy stocks fell as well, some in the range of 6% to 9%. But investors are still said to be concerned about the …
Regulators consider closing the door on past Commissioner’s critical comments
Oklahoma Corporation Commissioners face a long agenda for Tuesday’s meeting including some issues raised by former Commissioner Bob Anthony in his criticism of sitting Commissioner Todd Hiett. The most prominent of former Commissioner Anthony’s requests was the filing he made in August 2024 during which he called on Commissioner Hiett to resign over the …
Carbon Capture bill wins House committee approval
Ponca City Rep. Ken Luttrell called it “probably the most important economic development plan for the future of Oklahoma that we’ll see this year.” He referred to SB269 during a recent hearing of the House Energy and Natural Resources Oversight Committee in which he encouraged approval. It came on a 13-1 vote. The bill …
Cana Woodford remains most active drilling play in Oklahoma
Oklahoma’s Cana Woodford play was one of three oil and gas plays across the nation to see a gain of drilling rigs in the past week, according to the latest Baker Hughes rig count. The Cana increased its rig count by one, reaching a total of 19 active rigs in the most recent reporting …
A ONEOK pipeline is one of 5 petroleum pipelines completed in 2024 in US
Data source: U.S. Energy Information Administration, Liquids Pipeline Projects Database One of five pipeline projects to move petroleum liquids in the U.S. that were completed in 2024 was one by ONEOK in Oklahoma. The pipeline was among those identified in a new report issued by the U.S. Energy Information Administration. ONEOK’s Houston to El Paso refined petroleum …
Energy briefs
** TotalEnergies announces the start of production from the deepwater Ballymore field offshore U.S., in which the Company has a 40% interest alongside operator Chevron (60%). Located 120 kilometers off the Louisiana coast and launched in May 2022, Ballymore has a total daily gross production capacity of 75,000 barrels of oil per day and 50 million …