Oklahoma was one of a handful of states where oil and gas drilling rig counts grew in the past week, according to a Rig Count released by Baker Hughes Co. Oklahoma’s gain of two rigs, reaching a count of 43 came in the Cana Woodford where the total reached 15 active rigs. The …
Category: Oil & Gas
Summit Utilities seeks $5 million rate hike on customers
By Mike W. Ray Southwest Ledger Summit Utilities Oklahoma has applied to the state Corporation Commission for a $4.9 million base rate increase. The public comment period will open Nov. 24 and a public hearing on the merits of the proposal is scheduled in Oklahoma City on Dec. 15. SUO customers are to be …
Natural gas to help create Oklahoma’s first private power plant
One of the supporters of a proposed “behind-the-meter” power plant and data center in Chickasha believes the availability of natural gas for the project is a perfect fit. Bond Payne, a former chief of staff to Gov. Kevin Stitt and now a developer, stands behind the large effort of California businessman Chet Hitt …
Crude oil prices ended six days of losses on Friday
After six straight days of losses, crude oil prices finally held their own on Friday as investors sat back at waited to see the outcome of a planned meeting between President Trump and Russia’s Vladimir Putin. While holding steady though, crude oil prices still finished the week in a slump. Brent crude dropped …
While US rig count slips, Oklahoma sees a gain in oil and gas drilling activity
As the nation’s count of oil and gas rigs slipped by one in the past week, Oklahoma saw a gain of 2 rigs to reach a total of 43 active rigs across the state. The latest Baker Hughes rig count, released on Friday indicated Oklahoma’s gain came in the western part of the …
Helmerich and Payne’s 3Q earnings reflected improvements in North America efforts
Helmerich & Payne released its third quarter earnings report showing the Tulsa-based company realized a consolidated net loss of $(163) million, or $(1.64) per share, which includes the impact of a non-cash goodwill impairment charge of $173 million. Adjusted for this and other non-recurring one-time items, earnings were $22 million, or $0.22 per …
Williams a step closer to learn if New York will allow pipeline construction
Oklahoma’s Williams Company is closer to learning whether New York State might approve its bid to build a 37-mile natural gas pipeline and extend it underwater from New Jersey. The Tulsa-firm has been shut out three previous times, 2018, 2019, and 2020 to build the Northeast Supply Enhancement project, or NESE. After making application …
Energy briefs
** Energy Secretary Chris Wright says the administration is reviewing previously published National Climate Assessments and will publish updated reports, calling prior versions unfair in their “broad-based assessments of climate change.” ** According to TechCrunch, Tesla’s sales numbers for the Cybertruck plummeted in the second quarter of 2025 and were not only beaten by the Ford …
BlackRock loses bid to have ESG lawsuits by Oklahoma, Texas and other states thrown out of federal court
BlackRock Inc. has lost a bid in a Texas federal court to throw out a lawsuit filed by Texas, Oklahoma and several other states over its environmental influence on coal producing companies that it had made investments. U.S.District Judge Jeremy D. Kernodle recently ruled after BlackRock, Inc, State Street Corporation and Vanguard Greoup, …
Energy Transfer to spend billions to power new data centers in Arizona
If you think our devoted reports on the booming expansion of data centers in this country is all wrong, then ask yourself why Energy Transfer is spending more than $5 billion to ship natural gas to Arizona. Energy Transfer, the firm with a large Oklahoma City office operation which used to be Enable …