Oklahoma Corporation Commissioners plan to start the month of September with a regular meeting on Tuesday, the day after Labor Day. One of the items to be considered in the 1:30 p.m. meeting is a correction to the Commission’s move last week to initiate a Notice of Inquiry into a study of nuclear …
The nation’s oil and gas rig count in the past week took a drop of two rigs, leaving 536 still active, while Oklahoma’s numbers remained steady. The Baker Hughes rig count, released on Friday, showed a loss of one oil rig but 412 still are in the oil patch. The gas rig …
** The Palisades power plant in Covert Township, Michigan, on Aug. 25 became the first decommissioned U.S. nuclear plant to officially transition to “operations” status, owner Holtec International said in a statement. ** Since President Donald Trump took away $7,500 tax credits for EVs, demand for the vehicles has slumped, contributing to a widespread battery surplus. The shift …
After winning a lawsuit over royalty payments in North Dakota, Continental Resources ended up before the North Dakota State Supreme Court where the victory was recently reversed. The ruling stemmed from a “dispute over the calculation of nonparticipating royalty interests (NPRI) in oil and gas produced from a tract of land in McKenzie County, …
Another exchange of attacks occurred between Russia and Ukraine. It led to higher oil prices. Russia attacked with missiles and drones overnight Thursday and Ukraine responded with drone attacks on two Russian oil refineries. President Trump was unhappy about it Thursday and as a result crude oil prices rose. West Texas Intermediate went …
The looming growth of anticipated rate cases combined with a staff shortage at the Oklahoma Corporation Commission’s Public Utilities Division has at least one regulator concerned. “It’s very concerning to me,” remarked Commissioner Todd Hiett during a Wednesday afternoon meeting, as he referred to a shortage of at least four employees in the …
Empire Petroleum Corporation raised $2.5 million from its recent rights offering, stating that the offer was “fully subscribed.” The offering closed on August 20 and according to a recent company announcement, received subscriptions for more than 100% of the securities available in the Rights Offering. The Rights Offering generated approximately $2.5 million in …
Crescent Energy’s acquistion of Tulsa-based Vital Energy this week created a company with a combined value of $9 billion. The $3.1 billion all-stock deal was announced Sunday as Cresent, based in Houston, Texas, will expand operations and holdings in the Permian Basin and other areas of the country. “The combined company will …
** The Transportation Security Administration announced the implementation of the One Stop Security Congressionally authorized pilot, which will drastically simplify international travel for passengers flying to the United States. One Stop Security enables passengers arriving in the U.S. from certain foreign airports with connecting flights to be exempt from rescreening by TSA. ** Wyoming has passed Texas …
Another executive change at Continental Resources in Oklahoma City but it’s a move to keep it all in the family for founder Harold Hamm. As Hamm is stepping into the role of chairman emeritus, his daughter, Shelly Lambertz has taken over as executive board chair at the energy company. Lambertz has been with …
