Northern Oil and Gas took the unusual step prior to Christmas Day of denying it was attempting to acquire Dallas-based Granite Ridge Resources. The denial was of a report by Reuters that NOG had submitted an offer approximately 20% more than Granite Ridge’s share price. But NOG denied it and explained it had a …
Category: Oil & Gas
Senators named to energy committees in Oklahoma legislature
Senate Pro Tem-Elect Lonnie Paxton, R-Tuttle, recently announced the full list of committee assignments for the Oklahoma Senate for the upcoming 60th Legislature that begins in February. Energy Senator Grant Green, R-Wellston, Chair Senator Tom Woods, R-Westville, Vice Chair Senator Avery Frix, R-Muskogee Senator Shane Jett, R-Shawnee Senator Spencer Kern, R-Duncan Senator Julie McIntosh, R-Porter …
Coal plants still supply significant amounts of electricity in SPP
A report shows coal remains a strong source of fuel for plants to provide electricity to the 14 states that comprise the Southwest Power Pool. A recent report from the SPP indicated coal was used more than wind in the third quarter. Gas fueled 33.9% of the electricity for Oklahoma and the 13 other …
Finally—someone’s drilling in the Mississippian
After a few months of no reported drilling activity, based on Baker Hughes Co. rig reports, someone is drilling in the Mississippian play. The latest Baker Hughes rig count showed one rig active in the play but there is no designation whether it is northern Oklahoma or Kansas. Few changes were recorded in the …
Growing data center industry in Virginia might help Williams Cos. in pipeline expansion
Tulsa’s Williams Cos. might have support from the state of Virginia in the firm’s request of federal regulators to add another 55 miles of its 10,000 mile long Transco Pipeline. The growing data center industry in Virginia, according to the Virginia Mercury, is driving unprecedented energy demand and “straining the state’s natural gas …
Energy briefs
** NOV Inc. hold a conference call to discuss its fourth quarter and full year 2024 results on Wednesday, February 5, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Tuesday, February 4, 2025. The call will be webcast live on …
OGE Energy Corp updates its credit facilities
OGE Energy Corp. took recent steps regarding its banking efforts. The parent company of OG&E recently extended its original $550 million unsecured five-year revolving credit facilities first entered into in December of 2021. The extension is to 2028 and involves Wells Fargo Bank, National Association, as Agent, JPMorgan Chase Bank, N.A. and Mizuho Bank, …
Senator’s report blasts Biden administration over EV efforts
Oklahomans are familiar with U.S. Sen. James Lankford’s “Federal Fumbles” reports detailing what he labels as outrageous government spending. Kentucky Sen. Rand Paul’s similar effort is his annual Festivus Report and in the latest one released this week, the Senator cited the more than $15 billion the Biden administration’s Department of Energy spent “to …
Worries about 2025 crude oil surplus kept prices down on Monday
While crude oil prices fell less than half-a-percent on Monday, Oklahoma energy stocks recorded a day with gains. Trading was reported to be “thin” ahead of the Christmas holiday, according to Reuters which reported there remain concerns about a supply surplus in the coming year. Some analysts predict such a surplus will hold Brent …
Energy briefs
** President-elect Donald Trump is set to overturn a ban on some US exports of liquefied natural gas, or LNG, in a boon for US energy producers. ** –Hyliion Holdings Corp., an Austin, Texas developer of sustainable electricity-producing technology, announced it has been awarded a $6 million grant from the U.S. Department of Energy’s (DOE) Methane …