The same week Helmerich & Payne in Tulsa announced the approaching retirement of CEO John Lindsay, Denver’s Ovintiv Inc. did the same for board of directors member Peter Dea. The oil and gas company said he will officially retire as board chairman in May, 2026 and will be replaced by Steven Nance. Dea …
Category: Oil & Gas
NY Times says Harold Hamm has remade America’s energy policies
(Harold Hamm, center, at an October fund-raising dinner for President Trump’s ballroom at the White House in Washington.Credit…Doug Mills/The New York Times) After a nearly four-year absence from the headlines of the nation’s major news groups, Oklahoman Harold Hamm has once again attracted their attention with the return of Donald Trump to the White …
Governor Stitt urges support for data centers
Stitt pushes confidence, not fear, on data centers Oklahoma Gov. Kevin Stitt says the state should not fear the growth of data centers and artificial intelligence, arguing that Oklahoma’s energy strategy positions it to stay competitive while protecting consumers from rising electricity costs. “I think we, we don’t need to be scared about data centers,” …
Energy Brief: AI spending risks, geothermal, oil
AI spending boom raises investor concerns The AI spending boom is entering a “dangerous” phase as Big Tech firms increasingly tap external investors to cover mounting costs, a top executive at hedge fund giant Bridgewater Associates said Monday, according to Reuters. The warning underscores the degree of unease rippling through markets as several investors have …
Increased drilling in Oklahoma’s Granite Wash
Increased oil and gas drilling has been seen in Oklahoma’s Granite Wash play, the play that also extends into parts of the Texas Panhandle. The latest Baker Hughes Rig Count showed a gain of 2 rigs in the Wash, reaching a total of 16. The second of the most active plays, the Cana Woodford …
House okays permitting act
Oklahoma Delegation Supports House Passage of PERMIT Act All Oklahoma Representatives Back H.R. 3898 When the House passed a bill to improve and speed up permitting for energy projects, it had the support of the entire Oklahoma delegation. Reps. Stephanie Bice, Josh Brecheen, Tom Cole, Kevin Hern and Frank Lucas were among the 221 …
Oil Prices Dip in U.S. as Brent Edges Higher
Crude Oil Prices Show Mixed Movement Crude oil prices were weak on Friday as U.S. prices fell slightly while overseas oil prices finished up about 25 cents a barrel. It was also a poor day for Oklahoma energy stocks. The Associated Press reported that prices continue fluctuating within a tight trading range due to shifting …
Helmerich and Payne CEO to retire in 2026
Helmerich & Payne CEO John Lindsay to Retire in 2026 Leadership Transition Announced by H&P Board The Board of Directors of Helmerich & Payne, Inc. announced that Chief Executive Officer John Lindsay will retire as CEO and director following the Annual Meeting of Stockholders on March 4, 2026. The Board has appointed Raymond John “Trey” …
Vital Energy Shareholders Approve Crescent Merger
Vital Energy Shareholders Approve $3.1 Billion Crescent Merger Shareholders Approve Major Acquisition The $3.1 billion acquisition and merger of Tulsa’s Vital Energy, Inc. by Crescent Energy of Houston was approved Friday by Vital shareholders. Vital stated the merger is anticipated to close on December 15, 2025 and said it intends to file the final vote …
Oil/gas rig counts hold steady in Oklahoma and US
Oklahoma Holds Steady as U.S. Rig Count Slips Oklahoma Rig Activity Remains Unchanged While the nation’s oil and gas rig count declined slightly over the past week, drilling activity remained steady in Oklahoma.The latest Baker Hughes Rig Count released on Friday showed Oklahoma’s count stayed at 41 rigs. National Rig Count Drops by One Nationally, …