A year after Oklahoma failed to attract government funding for its proposed regional hydrogen hub with Arkansas and Louisiana, the fate of some of the successful plans is undecided. One of those is the Appalachian Regional Clean Hydrogen Hub or ARCH2 which is to receive more than $900 million from the Biden administration. The …
Category: Oil & Gas
Granite Wash play in Oklahoma and Texas Panhandle made biggest rig gains
While the nation’s latest Baker Hughes Rig Count showed a gain of 7 rigs in the most recent reporting period, of the shale plays, the Granite Wash in Oklahoma and the Texas Panhandle recorded the biggest gain. The Granite Wash count rose by two to 7 total rigs. The remainder of the nation’s …
Energy briefs
** The state of Oregon has advanced its sustainability efforts by approving the Sunstone Solar project, which will span about 10,000 acres in Morrow County. Set to be the largest of its kind in the U.S., the project will use nearly 4 million solar panels to generate 1,200 megawatts of power—enough to provide clean, emission-free electricity to …
Devon Energy announces new CEO after Rick Muncrief’s announced retirement
Devon Energy’s President and Chief Executive Officer Rick Muncrief announced Monday he intends to step down and retire effective March 1 of 2025. The 66-year old Muncrief has led Devon since the Oklahoma City company merged with WPX Energy in 2021. As to his successor, it will be Clay Gaspar, currently Devon’s Chief …
ONE Gas issues investor update and expectations for 2025
What can investors in Oklahoma-based ONE Gas expect from the utility in the coming year? In a new Investor Update, ONE Gas, the company that owns Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service indicated it expects earnings in the coming year in the range of $254 million to $261 million. It …
Mitchell Talks Energy with Jerry Bohnen—reviewing Corporation Commission challenges
More drama at the corporation commission (what’s new, right?) ahead of the Supreme’s soon-to-be-revealed decision in the legislators versus Todd Hiett situation. A look at continuing efforts to stop Corporation Commissioner Todd Hiett from voting on rate cases for utilities. Scott Mitchell and Jerry Bohnen go deeper into a legislator’s efforts to stop the …
Chevron to spend less on cap-ex in 2025 in US
How much does the second largest oil company in the U.S. intend to spend on capital expenditures in the coming year? In a surprise move, Chevron admits it is cutting its expenses. Chevron, also one of the world’s largest companies says it intends to spend $14.5 to $15.5 billion in Cap-ex in 2025 in …
Halliburton’s 4Q results to be released in mid-January
Mark it on your calendar if you want to learn about the fourth quarter 2024 financial results for Halliburton Company. The firm, with major operations in Oklahoma, plans to release the results prior to a Jan. 22, 2025 conference call. The call will begin at 8 a.m. Central Time. The press release will be …
Energy Transfer to build nearly $3 billion new gas pipeline in the Permian Basin
Energy Transfer LP, the company that acquired Oklahoma City-based Enable Midstream in a $7.2 billion deal three years ago is expanding its operations in a nearly $3 billion deal. The Dallas based firm announced it reached a positive final investment decision for the construction of an intrastate natural gas pipeline connecting Permian Basin production …
Energy briefs
** The Biden administration has made a precedent-setting arrest related to anti-climate change activities this fiscal year, highlighted in a new report that shows a ramped-up enforcement effort against environmental offenses. The AIM Act led to the arrest of Michael Hart, of San Diego, in March on charges related to “smuggling potent greenhouse gases,” highlighted in …