The latest Baker Hughes Rig count showed losses in two of Oklahoma’s plays where there had been significant activity. The Cana Woodford, according to the report, dropped 3 rigs leaving a total of 17 still active in the western Oklahoma play. The Granite Wash, another active play, saw its count drop by one to 12 …
Category: Oil & Gas
Energy Brief: Texas Plant Fire, Solar Access, Global Shifts
U.S. ENERGY Firefighters Battle Blaze at Texas Decommissioned Power Plant Firefighters in southeastern Texas battled a massive blaze Sunday at a decommissioned power plant in Texas City, Galveston County, sending large plumes of smoke into the air. The fire broke out around 2:30 a.m., drawing 50 to 60 firefighters from multiple departments who worked throughout …
OGE surprises Noble Schools, funding eight STEM projects
OG&E Fully Funds STEM Projects for Noble Public Schools Company Donates $6,000 to Support Hands-On STEM Learning Noble Public Schools teachers received a big surprise last week when Oklahoma Gas & Electric (OG&E) arrived with a $6,000 donation fully funding eight STEM classroom projects across the district. The announcement, celebrated with confetti and a big …
Crude oil prices and OK energy stocks tumbled Monday
Global Tensions and Economic Concerns Pressure Energy Markets Growing pessimism over global supply and demand sent crude oil prices slipping in Monday’s trading session. Analysts pointed to a mix of geopolitical tensions, sanctions, and economic strain as the leading factors behind the market’s downturn. The continued war between Russia and Ukraine, coupled with U.S. sanctions …
FBI Indicts Five in New Mexico Oil Theft Scheme
Federal Grand Jury Charges Five in Multi-State Investigation A federal grand jury in El Paso, Texas, has indicted five men accused of stealing tens of thousands of dollars in crude oil from a storage yard in Carlsbad, New Mexico. The defendants—Maxwell Sterling Jensen, Thomas Rees, Christopher Ortega, Christian Contreras Varela, and German Ortiz Santillano—face charges …
Rig count slipped in Oklahoma but grew nationwide
While the nation saw a gain of rigs in the oil and gas patches, Oklahoma’s count slipped. The latest Baker Hughes Rig Count showed an increase of 1 rig to reach 549 including a gain of 3 oil rigs for a total of 417. The number of gas-drilling rigs fell 3 to 125 and …
EIA: Natural Gas Prices to Rise 37% by End of 2025
U.S. Utilities Face Sharp Increase in Natural Gas Costs A new report from the U.S. Energy Information Administration (EIA) projects that natural gas prices for utilities will rise by 37% by the end of 2025, driven by surging wholesale market costs. While consumers are expected to feel the impact, the cost increase for end users …
Stardust Power Nears Construction Start in Muskogee
Company Advances Toward Final Investment Decision Stardust Power Inc., the company planning a lithium processing plant in Muskogee, said in its third-quarter financial report that it is close to a final investment decision and the start of construction. The financial report showed the firm remains debt-free, has $1.6 million in cash on hand, and improved …
New Mexico supreme court to consider oil pollution lawsuit
High Court Agrees to Review Landmark Environmental Lawsuit The New Mexico Supreme Court has agreed to hear a case that accuses the state of failing to protect residents from oil and gas pollution. The lawsuit, filed two years ago by Indigenous, youth, and environmental organizations, argues that the state has not met its constitutional duty …
Oil Prices Surge 2% After Drone Attack on Russian Oil Depot
Ukrainian Strike Halts Exports from Major Russian Port Crude oil prices rose sharply Friday after another Ukrainian drone attack struck a Russian oil depot, forcing the port of Novorossiisk to halt exports. The assault caused significant infrastructure damage and renewed global concerns over supply disruption. The attack damaged both a ship and the oil depot …