Following Vital Energy’s acquisition by Crescent Energy in late August, one executive of the Tulsa company is reassuring employees that things will continue as normal. But it is also clear the Tulsa office of Vital will likely close. Crescent Energy, headquartered in Houston, Texas bought the company in a $3.1 billion all-stock deal …
Category: Oil & Gas
California legislators approve bill to increase oil and gas drilling
In a twist from the reputation the state of California has when it comes to targeting the oil and gas industry, legislators made a surprise move over the weekend by passing a bill to allow construction of 2,000 new oil wells a year in the San Joaquin Valley. It was reported to be …
Energy briefs
** The House Oversight Committee released a new report that appeared to show how some of former President Joe Biden’s allies financially benefited from his Green New Deal. ** The American Council for an Energy-Efficient Economy (ACEEE) named globally recognized energy and sustainability leader Jennifer Layke its next executive director. She will join ACEEE on November 6. Layke …
Green New Deal a political scam? Fraud and abuse?
When President Biden’s administration rolled out the Green New Deal, there were cries it was a political scam. Now a Republican-led House Committee has concluded the same thing, alleging it was a scheme to funnel billions of taxpayer dollars to nonprofits run by the former president’s allies. The report, “The Green New Scam: The …
U.S. reports increase in oil and gas rigs
As the U.S. recorded a gain of oil and gas drilling rigs, Oklahoma’s count slipped by one to 42 rigs. The Baker Hughes Rig Count, released on Friday showed the nation added 2 rigs to reach a total of 539. The number of oil-drilling rigs grew by 2 to 416 while the total of …
Energy briefs
** Ohio regulators deny an appeal from data centers and manufacturers that allow special electric rates for large users to move forward, though one advocacy group vows to appeal to the state Supreme Court. ** Amid concerns that refinery closures could send gas prices soaring, California legislative leaders recently introduced a last-minute deal aimed at increasing …
ONE Gas executives seek new investors at Boston conference
Some ONE Gas executives will be in Boston this week attempting to attract new investors for the Tulsa-based company. ONE Gas announced Friday two of its executives will be on hand September 15 and 16 for the American Gas Association Mini-Forum. They are Christopher Sighinolfi, senior vice president and chief financial officer, and …
Ukraine’s latest drone attack shuts down oil loading at port causing crude oil gain
Crude oil prices rose in Friday’s trading and so did Oklahoma energy stocks following news that Ukraine had carried out a drone attack on the largest port in western Russia, resulting in suspended loadings. Early in the day, crude reacted to the drone attack on Russia’s northwestern port of Primorsk, which led to …
Kansas regulators to consider agreement on how to fairly pass data center energy costs to consumers
Nearly a dozen entities have reportedly reached agreement on the costs to be passed along to ratepayers in Kansas for the construction of data centers and large manufacturing operations. The Kansas Reflector reported the case involving Evergy Corporation will create a new way to accurately and fairly distribute the costs to consumers and …
Firms sued over 2021 Winter Storm claims contend AG isn’t being truthful
Nearly 19 months after he filed suit against some natural gas suppliers in an attempt to collect billions of dollars in 2021 Winter Storm Uri costs, Oklahoma Attorney General Gentner Drummond’s case will see a day in court in early October. However, it won’t be going to trial in the lawsuit against ET Gathering …