Galvanic Energy, with its subsidiary Bright Star Exploration, announced Monday that Chief Financial Officer Jeremy Humphers, CPA, will assume a new leadership role as the company’s president. Humphers’ career spans nearly three decades, with 26 years of experience in the energy sector, including more than 20 years at Devon Energy Corporation. Humphers is a graduate …
A growing sinkhole from an abandoned oil well in west Texas has alarmed nearby residents and experts aren’t sure how to solve the issue. The sinkhole, nearly 200 feet in diameter and 40 feet deep, is located in Upton County. It is on the Kelton Ranch near the small town of McCamey. Click here …
Gasoline prices dipped to $2.66 a gallon in Oklahoma as of St. Paddy’s day, falling 7 cents from the previous week reported AAA. The nationwide average was down a penny to $3.07 per gallon and 9 cents lower from a month earlier. The price in Oklahoma was $2.58 or 13 cents lower than last …
Tulsa’s Helmerich & Payne revealed this week that it recently received notices of contract suspensions for two more rigs from the legacy KCA Deutag rig fleet operating in Saudia Arabia. It brought the company’s total rig suspensions in country to 14 rigs. The notification came after H&P’s first fiscal quarter of 2025 earnings release …
Cheniere Energy, which transports Oklahoma natural gas through its Midship pipelinle, announced completion of Train 1 at its Corpus Christi Stage 3 Liquefaction project. The firm said it was achieved March 16 and commissioning is complete. The company’s engineering, procurement and construction partner, Bechtel Energy has turned over care, custody and control of Train …
Western Oklahoma’s Granite Wash was one of only two oil plays in the U.S. to record increased rig activity over the past week. The Baker Hughes weekly rig count showed there was an increase in drilling in the play. Two rigs were added over the past week increasing the count to 10 rigs. The …
** Michigan pipeline activists raise conflict of interest concerns over Enbridge’s pick of a major Trump donor to replace Line 5 in the Straits of Mackinac. ** Closing arguments were scheduled Monday in a $300 million defamation lawsuit against Greenpeace over the nonprofit’s alleged role in attempting to derail construction on the Dakota Access pipeline. …
Gulfport Energy Corporation plans to hold its 2025 annual meeting of stockholders on May 21 in Oklahoma City. It will be an “in person” meeting starting at 9 a.m. at 713 Market Drive. In a proxy notice in the past few days, the company released the agenda which included the election of seven directors …
An attempt to solve the growing and expensive problem of plugging abandoned wells in Texas has run into opposition in the state legislature. A Texas Senate Committee recently decided against a bill to give regulators more power over oil and gas companies. Click here for Texas Tribune
The nation’s oil and gas rig count was unchanged over the past week but exploration in Oklahoma is on the upswing as the number of rigs increased to a total of 51. The latest Baker Hughes Co. rig count showed a gain of 2 rigs in Oklahoma, the only state to record any increase …
